Best bank: Al Rajhi Bank
Al Rajhi Bank’s Bank of the Future strategy marked its final year in 2023, the end of a series of growth targets set when chief executive Waleed Al-Mogbel took the helm.
The three-year plan saw the bank build up a private-banking business, increase active customers by 64%, triple small and medium-sized enterprise financing from SR10 billion ($2.7 billion) to SR31 billion, more than double corporate banking and almost double retail financing from SR251 billion to SR427 billion.
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