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Al-Rajhi is the Middle East’s best bank in this year’s Euromoney Awards for Excellence.
While Saudi banks reported an average asset growth of 12% in financial year 2019, Al-Rajhi outgrew the rest in the mortgage sector, and has been working hard to boost SMEs in the country. It has been investing heavily in digital, and it stands out as a highly profitable and increasingly modern institution.
“Al-Rajhi’s vast mortgage programme has driven the transformation of the Saudi housing market, dramatically increasing the number of homeowners,” said Euromoney.
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