Al Rajhi Banking and Investment Corp 2023 AR2
The report highlights Al Rajhi Bank's performance for the fiscal year 2023, during which the bank successfully concluded its three-year "Bank of the Future" strategy. The bank achieved a net income of SAR 16.62 billion and surpassed SAR 808 billion in total assets, maintaining its position as the world's largest Islamic bank. Key sustainability achievements included launching its first international USD 1 billion sustainable sukuk and investing SAR 16 million in solar installations across 61 properties. Additionally, the bank increased its female workforce representation to 30% at the group level and directed 90% of its procurement spending to local suppliers.
Company: Al Rajhi Banking and Investment Corp
Sector: Finance & insurance
Country: Saudi Arabia
Year: 2023
Type: AR2
Pages: 368
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Al Rajhi Banking and Investment Corp
Annual Report
The report highlights Al Rajhi Bank's performance for the fiscal year 2023, during which the bank successfully concluded its three-year "Bank of the Future" strategy. The bank achieved a net income of SAR 16.62 billion and surpassed SAR 808 billion in total assets, maintaining its position as the world's largest Islamic bank. Key sustainability achievements included launching its first international USD 1 billion sustainable sukuk and investing SAR 16 million in solar installations across 61 properties. Additionally, the bank increased its female workforce representation to 30% at the group level and directed 90% of its procurement spending to local suppliers.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
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
Total Waste
Employees