Al Rajhi Banking and Investment Corp 2021 AR2
The report outlines Al Rajhi Bank's financial and ESG performance for the fiscal year 2021 under its new Bank of the Future strategy. The bank achieved a net income of SAR 14.7 billion, representing a 39% increase year-on-year, while total assets grew by 33% to SAR 624 billion. Key highlights include expanding digital onboarding to 9.7 million active users and increasing mortgage financing by 63% to support Saudi homeownership. On the sustainability front, the bank initiated solar energy systems in branches, financed over USD 1 billion in renewable energy projects, and contributed to major social initiatives, including sponsoring 91 kidney transplants.
Company: Al Rajhi Banking and Investment Corp
Sector: Finance & insurance
Country: Saudi Arabia
Year: 2021
Type: AR2
Pages: 156
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Al Rajhi Banking and Investment Corp
Annual Report
The report outlines Al Rajhi Bank's financial and ESG performance for the fiscal year 2021 under its new Bank of the Future strategy. The bank achieved a net income of SAR 14.7 billion, representing a 39% increase year-on-year, while total assets grew by 33% to SAR 624 billion. Key highlights include expanding digital onboarding to 9.7 million active users and increasing mortgage financing by 63% to support Saudi homeownership. On the sustainability front, the bank initiated solar energy systems in branches, financed over USD 1 billion in renewable energy projects, and contributed to major social initiatives, including sponsoring 91 kidney transplants.
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Document Details
Report Year
2021
Reporting Period
Jan 1, 2021 - Dec 31, 2021
Fiscal Year
2021
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