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Abdullah bin Sulaiman Al Rajhi

Abdullah bin Sulaiman Al Rajhi

A. Rajhi
-0.01% | - $-0.35M
$2.65 B ₹ 24,071 Cr
Real Time Net Worth #1563 Ranking as of 21 Feb 2026 By Forbes

More on Abdullah bin Sulaiman Al Rajhi

Gender

Male

Age

69Y

Country

Saudi Arabia

Born On

January, 1957

Deceased

No

Relationship Status

Married

Children

5

Education

Unknown

Designation Info :

Self-Made

No

Entrepreneur Type

Inherited

Primary Organization

Al Rajhi Bank

Titles

Chairman

Sources of Wealth

Al Rajhi Bank

Industry

Finance, Banking, Investments

About Abdullah bin Sulaiman Al Rajhi


A bdullah bin Sulaiman Al Rajhi is a prominent member of one of Saudi Arabia's most influential banking families and a key figure at Al Rajhi Bank, the world's largest Islamic bank by assets. The bank was founded by his father, Sulaiman Al Rajhi, and his uncles, who pioneered modern Islamic banking principles. Abdullah has played a crucial role in the bank's governance and strategic direction, serving as its chairman and helping to navigate its expansion and adaptation to the modern financial landscape while adhering strictly to Sharia law.

His influence is not confined to the banking sector. Abdullah bin Sulaiman Al Rajhi also chairs Al Rajhi Holding Group, a diversified family-owned investment company with interests in agriculture, industry, and real estate. The family is well-known for its significant philanthropic contributions, a tradition started by the patriarch Sulaiman. Abdullah continues this legacy, overseeing a business empire that is deeply integrated into the Saudi economy and society. His leadership reflects a blend of traditional values and modern corporate management, ensuring the continued growth and stability of the family's vast enterprises.

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Quick Reads


  • Chairman of Al Rajhi Bank, the world's largest Islamic bank.
  • Son of Sulaiman Al Rajhi, the co-founder of the bank.
  • Al Rajhi Bank is a publicly traded company on the Saudi Stock Exchange.
  • He also chairs the family's diversified Al Rajhi Holding Group.
  • The Al Rajhi family is renowned for its extensive philanthropic activities in Saudi Arabia.

Early Life and Background


Abdullah bin Sulaiman Al Rajhi is a key figure in the second generation of one of the world's most influential financial families, the founders of the largest Islamic bank globally. He is the son of the legendary entrepreneur and philanthropist, Sulaiman bin Abdulaziz Al Rajhi. This family legacy began in the Nejd desert, where his father and uncles first engaged in the modest but crucial work of currency exchange for pilgrims traveling to Mecca and Medina.

His upbringing was steeped in both the values of simple devotion and the fast-growing complexities of modern commerce. He sought a formal foundation to match this legacy, earning a Bachelor's degree in 'Business Administration' from King Abdulaziz University in 1979. This academic focus equipped him with the professional expertise necessary to eventually assume command of the family's monumental financial enterprise, steering it through decades of evolution in the global banking sector.

Career Journey of Abdullah bin Sulaiman Al Rajhi


Abdullah bin Sulaiman Al Rajhi's career has been an unbroken journey within the walls of the family's financial institution, a career spanning over 35 years. His tenure is characterized by dedicated leadership, helping transform the early money exchange business into a public joint-stock banking giant. He held several senior leadership positions at the bank, accumulating vast experience in the intricacies of Sharia-compliant finance and investment.

His decades of service culminated in his appointment as the Chairman of the Board of Al Rajhi Bank. Under his leadership, the bank has not only maintained its position as one of the largest and most profitable banks in the Arab world but has also continuously adapted through digital transformation, introducing innovations like self-service Kiosks and advanced electronic banking channels. His consistent, disciplined leadership in the sector was recognized in 2023 when he was named the 'Arab Banking Personality of the Year' by the Union of Arab Banks.

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Abdullah bin Sulaiman Al Rajhi's Timeline


1957:

'Al Rajhi Bank' is co-founded by his father Sulaiman and uncles, growing from a money exchange business.

1979:

Graduates with a Bachelor of Business Administration from King Abdulaziz University.

1983:

The 'Sulaiman Bin Abdul Aziz Al Rajhi Charitable Foundation' is established, laying the family’s philanthropic groundwork.

1990s - 2000s:

Holds various senior leadership positions, playing a 'key role' in transitioning the family exchange business into a public joint-stock company.

2017:

As Chairman, announces 'Al Rajhi Bank' achieved its 'highest annual profits in history', marking a period of sustained profitability and digital growth.

2023:

Named the 'Arab Banking Personality of the Year' by the board of directors of the Union of Arab Banks.

Ongoing:

Continues to chair Al Rajhi Bank and the diverse 'Al Rajhi Holding Group'.

Major Business Ventures and Investments


Abdullah bin Sulaiman Al Rajhi's immense wealth and influence are concentrated within the family's financial and investment institutions, which adhere strictly to Islamic requirements (prohibition of interest, or riba).

  • Al Rajhi Bank (Chairman): Co-founded in 1957 by his father and uncles, this institution is the primary pillar of the family's fortune and is the 'world's largest Islamic bank' by market value. The bank boasts over 18.5 million customers and has over $260 billion in assets, making it a pivotal force in Saudi Arabia’s economy and one of its largest joint-stock companies.
  • Al Rajhi Holding Group (Chairman): This is the comprehensive holding company that manages the family's strategic diversification beyond core banking. This Group includes major investments in real estate, industry (such as gypsum and steel), and agriculture, ensuring a wide, stable portfolio.
  • Al Rajhi Capital: The investment arm of the Group, which he also chairs, focusing on investment advice, securities trading, and asset management in compliance with Sharia law.
  • Takaful Al Rajhi (Al Rajhi Company for Cooperative Insurance): Another key financial entity that operates within the Islamic insurance (Takaful) sector, complementing the bank's core services.

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Philanthropy and Social Impact


Abdullah Al Rajhi’s philanthropic mission is a direct continuation of his father's unparalleled commitment to social good, a legacy that famously involved distributing a large portion of the family wealth for charitable endowments during his lifetime. Abdullah actively supports the 'Sulaiman Bin Abdul Aziz Al Rajhi Charitable Foundation', which evolved from a simple committee established by his father in 1983.

This foundation is recognized as one of the Kingdom's most important donor institutions, focusing on structural, community-focused development. Key areas of support, designed to empower beneficiaries, include: education, social development, healthcare, and religious activities across the Kingdom. On a corporate level, he promotes the bank's own impactful social initiatives, such as educational programs grounded in 'robust professional and academic principles,' intended to build the next generation of Saudi leaders.

Fashion, Style, and Lifestyle


Abdullah bin Sulaiman Al Rajhi’s lifestyle is a sophisticated reflection of the financial weight he carries, yet grounded in the traditional modesty of his family. He is not a figure associated with the ostentatious displays of some global billionaires; rather, his luxury is found in his precision and impact.

His personal style is consistently formal and dignified. Like other senior Emirati and Saudi executives, he is almost exclusively seen in the impeccably tailored Saudi thobe and ghutra, which convey authority, stability, and cultural respect. In terms of personal assets, the family fortune is famously distributed among his siblings and substantial endowments. His father, Sulaiman, was known for his 'extreme punctuality' and adherence to simple living, values Abdullah is likely to have inherited. His true status symbol is the immense, global reach of Al Rajhi Bank, the largest Islamic banking institution in the world.

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Quotes and Philosophy


“We are dedicated to sustaining this impactful social initiative, which is grounded in robust professional and academic principles.”

“My experiment in money exchange was the temptation to set up a bank. The absence of any Islamic banking was also another factor in establishing Al-Rajhi Bank.”

Fun Facts & Trivia


  • He is the son of Sulaiman Al Rajhi, who famously donated most of his fortune to charity during his lifetime, a massive philanthropic commitment.
  • The 'Al Rajhi Bank', which he chairs, is the 'world's largest Islamic bank' by market value, adhering strictly to Sharia principles.
  • The origin of the family's wealth was a humble business exchanging currency for camel caravans of pilgrims traveling between holy cities.
  • His father, Sulaiman, was once named 'Saudi Arabia's wealthiest non-royal'.
  • Abdullah bin Sulaiman was named the 'Arab Banking Personality of the Year' in 2023, recognizing his long-standing leadership in the finance sector.
  • The family's diversified investments managed under the holding group extend far beyond finance into sectors like 'gypsum', 'agriculture', and 'steel'.
  • The bank he chairs pioneered digital convenience in the Kingdom, being the first to introduce self-service Kiosks and advanced electronic channels.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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