Overview
value drivers: 2022 at a glance
Largest Bank in the Kingdom and MENA In terms of market cap
in Retail Banking Branch Network and ATMs Microfinancing Payments Brokerage
in Corporate Banking as of December 2022 up
4spots from #7 in 2021
Highest Net Promoter Score (NPS)
in the Kingdom
2021 – 72%
Customer deposits
2022
SAR 565 Bn.
2021 – SAR 512 Bn.
Increase: 10%
Retail financing
2022
43.6%
market share
2021 – 42.2%
Earnings per share
2022
SAR 4.24
2021 – SAR 3.69
Increase: 15%
Total mortgage
2022
SAR 222 Bn.
2021 – SAR 171 Bn.
Increase: 30%
Digital:Manual ratio
2022
92:8
2021 – 90:10
Total capital adequacy ratio
2022
SAR 21.4%
2021 – 17.5%
Total assets
2022
SAR 762 Bn.
2021 – SAR 624 Bn. Increase: 22.2%
Active digital users
2022
11.4 million
2021 – 9.7 million Increase: 17.5%
Net income (after Zakat)
2022
SAR 17.15 Bn.
2021 – SAR 14.75 Bn. Increase: 16.3%
Staff strength
2022
19,964
2021 – 15,078
Employee training days
2022
141,547
2021 – 98,335
Intellectual capital
Al Rajhi Bank prides itself in its
wealth of intellectual capital
which has, since the Bank’s
inception, set it apart from the
competition. This growing and
increasingly sophisticated capital
includes intangibles that provide
competitive advantage, future
readiness and the ability to meet
stakeholder expectations at all
times, on top of impacting the
Bank’s total market value. Al
Rajhi Bank’s intellectual capital
also comprises a number of vital
attributes that are rarely reflected
on the balance sheet, including,
among other things, integrity
and business ethics, corporate
culture, systems and processes,
intellectual property, capacity to
innovate, accumulated knowledge
and expertise, brands, and
relationships. (Refer Stakeholders
on page 35 for descriptions of
other capitals).
- Best Digital Bank in Saudi Arabia awarded by The Digital Banker
- Best Mobile Banking Application in Saudi Arabia awarded by Global Business Magazine
- Three awards including Leading Digital Bank in Saudi Arabia won at the World Business Outlook Awards
- Best Bank in Saudi Arabia awarded by Euromoney
- Three awards including Best Digital Payments and Remittance Bank in Saudi Arabia won at the International Business Magazine Awards
Awards
- The Best Digital Bank at the Global Economics Awards
- Best Banking Group in Saudi Arabia at the World Finance Awards
- Best Mobile Banking Application in Saudi Arabia awarded by the Global Business Outlook
- Best Digital Bank at the Global Banking & Finance Awards
- Best Broker and Best Financial Research House awards for the Saudi Market at the Saudi Stock Exchange Awards for 2021
- Al Rajhi GCC Equity Fund named the Lipper Fund Award 2022 winner for Equity GCC (Gulf Cooperation Council) over the three- and five-year periods in the MENA Markets category, the MENA Markets Domestic Funds category and the Global Islamic Fund category
- Best performance in 2021 in the Saudi equity funds and GCC equity funds categories for the Al Rajhi Saudi Equity Fund and Al Rajhi GCC Equity Fund at the 2021 Sanadeq Awards