Al Rajhi Banking and Investment Corp 2020 AR2
The report highlights Al Rajhi Bank's performance and strategic progress during the fiscal year 2020. Despite the challenges of the COVID-19 pandemic, the bank recorded a 4.3% increase in net income after Zakat to SAR 10.6 billion and a 22.1% growth in total assets to SAR 468.8 billion. The bank successfully launched its new 'Bank of the Future' strategy for 2021-2023 and achieved significant digital transformation, with 83% of transactions conducted through digital channels. Additionally, the bank demonstrated strong commitment to Vision 2030, expanding its mortgage portfolio by 90% and increasing female employment.
Company: Al Rajhi Banking and Investment Corp
Sector: Finance & insurance
Country: Saudi Arabia
Year: 2020
Type: AR2
Pages: 123
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Al Rajhi Banking and Investment Corp
Annual Report
The report highlights Al Rajhi Bank's performance and strategic progress during the fiscal year 2020. Despite the challenges of the COVID-19 pandemic, the bank recorded a 4.3% increase in net income after Zakat to SAR 10.6 billion and a 22.1% growth in total assets to SAR 468.8 billion. The bank successfully launched its new 'Bank of the Future' strategy for 2021-2023 and achieved significant digital transformation, with 83% of transactions conducted through digital channels. Additionally, the bank demonstrated strong commitment to Vision 2030, expanding its mortgage portfolio by 90% and increasing female employment.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees