Early Life
Abdullah bin Sulaiman Al Rajhi was born on January 20, 1958, in Saudi Arabia. He comes from the Al Rajhi family, one of the wealthiest families in the country, with deep roots in the banking and financial sectors. The Al Rajhi brothers founded Al Rajhi Bank in 1957, which has since become a global leader in Islamic finance.
Rise to Success
Al Rajhi began his career at Al Rajhi Bank in 1979, quickly rising through the ranks. Over his 35+ year career, he held several key positions, including Deputy Director General for Financial Affairs, Deputy Director General for Investment and Foreign Relations, and General Manager. His strategic vision and commitment to excellence culminated in his current role as Chairman of the Board. He has been recognized as a key player in transforming Al Rajhi Exchange and Trade Company into a public joint-stock company.
Key Business Strategies
Al Rajhi has focused on growing Al Rajhi Bank by adhering to Islamic banking principles. Under his leadership, the bank has expanded its assets to $260 billion and serves over 18.5 million customers. Al Rajhi has also chaired other family companies, including Al Rajhi Capital and Al Rajhi Holding Group, contributing to the diversified success of the Al Rajhi family's business ventures.
Philanthropy
The Al Rajhi family is known for their philanthropic efforts. Abdullah's family members are known for their charitable contributions and their commitment to social responsibility, including the establishment of Sulaiman Al Rajhi University.