Founded in 1957, alrajhi bank Kingdom of Saudi Arabia is one of the largest banks in the world by market cap and the largest in the Middle East and Saudi Arabia, with total assets of SAR 710 billion, a paid-up capital of SAR 40 billion (US$ 10.66 billion) and an employee base of over 9,300+ associates. With over 60 years of experience in banking and trading activities, the various individual establishments under the alrajhi name were merged into the umbrella 'Al Rajhi Trading and Exchange Corporation' in 1978. In 1988 the bank was established as a Saudi joint stock company under the name of alrajhi Banking and Investment Corporation, which later in 2006 was named as alrajhi bank.
With an established base in Riyadh, Saudi Arabia, alrajhi bank has a vast network of over 515 branches, more than 4,824 ATM's, 547,507 POS terminals installed with merchants and the largest customer base of any bank in the Kingdom, in addition to 205 remittance centers across the kingdom. The first branch was opened in Aldirah in 1957.