Al-Rajhi Banking & Investment Corporation (Arabic) was created as a joint stock company in 1987 out of the banking operations of Al-Rajhi Company for Currency Exchange & Commerce, one of the oldest indigenous business institutions in the kingdom.

The bank is 99 per cent owned by Saudi shareholders, but the founding Al-Rajhi family continues to hold a key stake and provides several of the top managers. The bank is the third largest in Saudi Arabia in terms of assets, after Saudi American Bank and Riyad Bank.

It is the largest Islamic bank in the Arab world. At the end of 1999, it reported a total balance sheet worth SR 42,880 million ($11,360 million), a figure that was almost 13 per cent higher than at the end of 1998.

There were dramatic movements in the composition of assets in the year. Amounts held in cash and in liquid precious metals rose by 1 percent. Placings with banks rose by 180 percent. The largest element of assets was mutajara, a form of short-term Islamic financing.

This accounted for 48 per cent of total assets at the end of 1999, a reflection of the challenge finding appropriate uses for customer deposits most Islamic banks face. Customer deposits, the driving force of the bank, rose by 10.

4 per cent in the year to SR 30,183.2 million ($8,050 million), equivalent to more than 70 percent of total liabilities. The bank continues to be one of the most profitable in the Middle East Net profits rose by 6 4 per cent to SR 1,501.

4 million ($400 million), the highest among Saudi banks. Return on assets was 3.50 per cent, the highest among the larger banks of the Gulf. Return on equity rose to 26.39 per cent. Prospects for the bank continued to be excellent due to the strong demand for Islamic financial services in Saudi Arabia and the region generally.

Individuals	51%
Institutions	N/A
Floating	N/A
Government	1%

Director	Abdullah Abdula Aziz Al Rajhi
Director	abdullah al Sulaiman Al Rajhi
Director	Ali Ahmed Al Shudy
Director	Ali Mohamed Al Rajhi
Director	Mohamed Abdul Aziz Al Rajhi
Director	Mohamed Osman Al Bishr
Director	Mohammed Ibrahim Alissa
Director	Naser M. Al Sbiai
Director	Saeed O. Al Esayi
Director	Salah A. Abaalkhail
Chairman	Sulaiman Abdul Aziz Al Rajhi
Director	Zayed Abdulrahman Al Sidairy

	2005	2004	2003
Total Assets	95,037,981	77,854,774	64,678,324
Shareholder's Equity	12,877,585	8,535,967	7,249,090
NIAT	5,633,327	2,935,915	2,038,120
Dividends	450,000	1,575,000	1,575,000

	2005	2004	2003
Assets Growth	22.07%	20.37%	9.42%
Earning Growth	91.88%	44.05%	44.22%
ROaA	6.52%	4.12%	3.29%
ROaE	52.62%	37.20%	28.94%
No. Of Shares	90,000,000	45,000,000	45,000,000
EPS	62.59	65.24	45.29
EPS Growth	91.88%	44.05%	44.22%
Payout Ratio	7.988	53.646	77.277

	Trailing
PE
PB
DVPS
Div Yield
EV
EV/Equity

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