The issue of succession at Al Rajhi Bank, in terms of both ownership and oversight, is becoming ever more pertinent. Sulaiman Al Rajhi’s brother, Saleh (the other main founding shareholder), passed away in 2011. The chairman of Al Rajhi Bank, Sulaiman Al Rajhi, is already in his mid-80s.
Sulaiman Al Rajhi has already started selling down his fortune into charity as part of his succession planning. Some sons and daughters of the late Saleh Al Rajhi are also thought to have sold their shares in the bank into the local stock market (which might not of course prevent other members of the family buying them back).
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