alrajhi bank Retains Its Position as the Most Valuable Bank in MENA

Logo of Al Rajhi Bank

For the third consecutive year, alrajhi bank has proudly maintained its position as the most valuable bank in the Middle East and North Africa, according to the latest rankings by Forbes magazine.
 

alrajhi bank topped the list with a market capitalization of SAR 396 billion ($105.6 billion), placing it among the 30 largest banks globally. The bank's market value represents 17.6% of the combined market capitalization of those 30 global financial institutions.
 

On this achievement, Mr. Waleed Al-Mogbel, Managing Director and CEO of alrajhi bank, stated: "We are honored to maintain our leading position, which reflects the success of our 'Integrated Banking' strategy and the dedication of our teams across all sectors."
 

He added that alrajhi bank continues to reinforce its leadership in the financial sector by developing innovative fintech solutions to meet the evolving needs of customers. The bank is also deepening its collaboration with government and private entities to support the Financial Sector Development Goals 2030.
 

Al-Mogbel also highlighted the growing confidence of foreign investors, with their ownership of alrajhi bank shares now exceeding 13.2%, valued at over SAR 43 billion. This makes alrajhi bank one of the most attractive investment opportunities in the Saudi market, accounting for 10% of total foreign investment in the Tadawul.
 

Serving more than 20 million customers across Saudi Arabia, Kuwait, Jordan, and Malaysia, alrajhi bank operates over 550 branches. In 2024, the bank achieved record-breaking profits of SAR 19.7 billion ($5.3 billion), while total assets surged 20.6% to SAR 975 billion ($259.8 billion).