Al Rajhi Bank is named Saudi Arabia’s best Islamic bank following a strong performance across several market segments.
Assets grew by 6.1% in 2023, reaching SR808 billion ($215 billion) – 21.8% of total bank assets in the Kingdom. The bank’s corporate financing and small and medium-sized enterprise lending portfolios increased by 20.7% and 22.8% respectively.
The bank has successfully expanded its digital banking services, and active user numbers have grown by 1.2 million.
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