Al Rajhi Bank

Al Rajhi Bank is a Saudi Arabia-based bank that conducts all of its operations with interest-free products in line with Islamic finance principles. Its shares trade on the Saudi Exchange (Tadawul) under the code 1120.

The bank's weight lies in retail banking: salary accounts, personal finance, home finance, credit cards and money transfer services stand out. Products are offered through contract structures based on profit sharing or leasing, such as murabaha, ijara and musharaka. It provides corporate and commercial clients with business financing and cash management services; treasury operations and investment services are also part of the group. Digital channels and an extensive branch and ATM network form the basis of its customer service.

For Saudi banks, demand for home finance, economic activity tied to oil income, profit rates, liquidity conditions and central bank regulation are watched. The Al Rajhi Bank page on Lzzo.com presents the price of the riyal-traded shares on a US dollar basis; the value can be converted into Turkish lira, euros or pounds sterling. A price chart, technical indicators, the data source and the time of the last update are also on the page.