For a bank, and a family, where reputation is all-important, allegations of links to terrorist financing repeated in the US Senate report on HSBC last July were a big blow.
First as currency traders and later as a bank, the Al Rajhi family has had accounts with key banks in the main financial centres of Europe, north America and Asia for more than 40 years. In Saudi Arabia, Al Rajhi remains the largest bank by market value, with an extremely profitable Islamic retail business, founded on the confidence of millions.
Thanks for your interest in Euromoney!
To unlock this article, enter your e-mail to log in or enquire about access:
