Al Rajhi receives delegation of key local media representatives

Press release
Published July 28th, 2011 - 05:49 GMT

Al Rajhi Bank, a leading international Sharia compliant banking group, received on Wednesday, July 27th a delegation of representatives from various local media at its main branch in Shmeisani. The delegation was received by Tarek Akel, the CEO of Al Rajhi Bank in Jordan, together with several members of the Bank's senior management.

Akel discussed Al Rajhi's vision for the Jordanian banking industry and its plans for contributing to it, providing the delegation with a brief overview of the bank's array of progressive services. This was followed by a tour of the bank's premises and its various departments, which offered a real-life demonstration of the exceptional customer-centric approach taken by the bank throughout its operations.

"We see massive growth potential in the local banking industry," explained Akel. "Jordan's strategic location, which places it at the heart of the region, not to mention its unparalleled geopolitical stability, make it a uniquely attractive foreign investment front. This demands a fundamental expansion in the volume of banking services provided by the industry, not to mention a continued evolution of these services in terms of quality, in a manner that falls in line with the Kingdom's long-term development strategy. This is precisely what we seek to achieve in the Kingdom by leveraging on our longstanding experience in this regard.”  

To date, the bank has launched fully operational branches in two premier locations in Amman, one in Shmeisani and another in Abdullah Ghosheh St., with more branches expected to launch in the near future at various locations nationwide.

Founded in 1957, Al Rajhi Bank is one of the leading International banking groups with over 50 years of experience in banking and trading activities.

Al Rajhi has total assets of SR 184 billion (US $49bn) and employees 8,000 associates. Supported by an International network over 500 branches, 2,800 ATMs and state of the art online banking capabilities, the bank is present in Saudi Arabia, Malaysia, Kuwait and Jordan.

Al Rajhi is driven by its core values and continuously strives to meet the financial needs of its customers, delivering innovative Sharia compliant financial solutions across retail, corporate, treasury and investment segments.

Background Information

Al Rajhi Bank

Founded in 1957, Al Rajhi Bank is one of the largest Islamic banks in the world with total assets of SR 343 billion (US$ 90 billion), a paid up capital of SR 16.25 billion (​US$ 4.33 billion) and an employee base of over 9,600 associates. With over 60 years of experience in banking and trading activities, the various individual establishments under the Al Rajhi name were merged into the umbrella 'Al Rajhi trading and exchange corporation' in 1978 and it was in 1988 that the bank was established as​ a Saudi share holding company. Deeply rooted in Islamic banking principles, the Sharia compliant banking group is instrumental in bridging the gap between modern financial demands and intrinsic values, whilst spearheading numerous industry standards and development.

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