Al Rajhi Banking and Investment Corp 2017 IR
The report highlights Al Rajhi Bank's performance and strategic progress in 2017 under its 'Back to Basics' strategy. The bank achieved a 12.2% increase in net income to SAR 9.1 billion and grew its total assets to SAR 343 billion. It successfully expanded its digital and physical footprint in Saudi Arabia, operating 599 branches and 4,794 ATMs. Additionally, the bank advanced its 'Strategy 2020' by accelerating growth in retail and mortgage sectors, enhancing its SME and corporate capabilities, and increasing its Saudization rate to 91.8%.
Company: Al Rajhi Banking and Investment Corp
Sector: Finance & insurance
Country: Saudi Arabia
Year: 2017
Type: IR
Pages: 184
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Al Rajhi Banking and Investment Corp
Integrated Report
The report highlights Al Rajhi Bank's performance and strategic progress in 2017 under its 'Back to Basics' strategy. The bank achieved a 12.2% increase in net income to SAR 9.1 billion and grew its total assets to SAR 343 billion. It successfully expanded its digital and physical footprint in Saudi Arabia, operating 599 branches and 4,794 ATMs. Additionally, the bank advanced its 'Strategy 2020' by accelerating growth in retail and mortgage sectors, enhancing its SME and corporate capabilities, and increasing its Saudization rate to 91.8%.
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Document Details
Report Year
2017
Reporting Period
Jan 1, 2017 - Dec 31, 2017
Fiscal Year
2017
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees