A key person leading the development of Saudi Arabia’s banking sector
Sulaiman bin Abdulaziz al-Rajhi
Company: Al-Rajhi Bank
Position: Chairman and managing director
Biography: As the largest individual shareholder in Al-Rajhi and also its chairman and managing director, Sulaiman bin Abdulaziz al-Rajhi holds sway over Saudi Arabia’s most profitable bank, and the world’s largest Islamic bank.
It is also the largest bank in Saudi Arabia without state ownership. His career can be traced back to his upbringing in the Nejd desert, where he and his brothers built up a business empire offering foreign exchange and remittance services to pilgrims and expatriate workers in Saudi Arabia. The Al-Rajhi family now has interests in industries from cement production to packaging and agriculture.
Now in his 90s, Sulaiman al-Rajhi remains an influential figure in both the business and banking sector in the kingdom. He also founded a charitable organisation, the SAAR Foundation, and is chairman of the National Agricultural Development Company.
Contact: (+966) 1 460 3333
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