Sulaiman Al Rajhi Net Worth is$6 Billion
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Profession: Banker | Businessperson

Date of Birth: 1920

Country: Saudi Arabia

Sulaiman Al Rajhi net worth: Sulaiman Al Rajhi is a corporate figure who has a net worth of $6 billion. Sulaiman Al Rajhi generated his immense fortune as the chairman of Al Rajhi Bank, which is one of the largest companies in Saudi Arabia and one of the world's largest banks as well. Al Rajhi founded the bank along with his brothers Abdullah, Mohammed and the late Saleh, once they won permission to open Saudi Arabia's first Islamic bank, one that would observe religious tenet, ie., ban on interest. Helping Saudi Arabia's immigrants send their earnings home to places like Indonesia and Pakistan, the Al Rajhi brothers eventually turned their banking group into one of the world's largest Islamic banks. But now, as Sulaiman says, he is a man who only owns his dresses, having distributed his wealth among his 23 children and setting aside a portion to run charity projects. However, he is still listed on the Saudi stock exchange as the owner of nearly 20% of Al Rajhi Bank, making him one of the richest and most affluent people in the country. Mainly focused on charity, Sulaiman actively runs his SAAR Foundation that has funded anti-hunger efforts and education in Saudi Arabia.
Sheikh Sulaiman bin Abdul-Aziz Al-Rajhi (born 1920) is a Saudi Arabian corporate figure and billionaire. He is the chairman of Al Rajhi Bank, one of the largest companies in Saudi Arabia and the largest Islamic bank in the world. As of 2011, his wealth was estimated by Forbes to be $7.7 billion, making him the 120th richest person in the world.
Sulaiman Al-Rajhi grew up in the Nejd desert where he and his brother Saleh began their business by changing money for pilgrims taking camel caravans across the desert to the cities of Mecca and Medina.
Sulaiman Abdul Aziz Al Rajhi holds the largest individual stake in his family's Al Rajhi Bank, which has consistently reported the most profitable operations amongst all of Saudi Arabia's banking groups. A co-founder of the bank, with older brother, Saleh, he is currently the chairman of what is nationally recognized as the Tadawul's most venerable institution.
The Al Rajhi brothersa?? business growth and expansion was fed by the flood of migrant workers to Saudi Arabia during the 1970s oil boom. The Al Rajhis helped them send their earnings home to places like Indonesia and Pakistan. In 1983, the brothers won permission to open Saudi Arabiaa??s first Islamic bank, one that would observe religious tenets such as a ban on interest.
The Al Rajhi family continue to be Al Rajhi Bank's majority share holders though Sulaiman and his brothers have diversified family investments into gypsum, agriculture, steel, and other industrial sectors.
His higher educational degree was elementary degree. He lives in Saudi Arabia and has at least 23 children.
The Al Rajhi family is considered, by most in Saudi Arabia, as the country's wealthiest non-royals, and among the world's leading philanthropists. His flagship SAAR Foundation (fronting a network of charities, think tanks, and supporting business entities) achieved prominence as the key subject of a March 20, 2002 raid by Federal Bureau of Investigation (FBI), as a part of O

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Hot trend in 2017: Rise of Islamic banks on Main St. USA

By 2011, Sulaiman, the wealthiest of the brothers, had $7.7 billion in personal wealth, making the Al Rajhi family the wealthiest Saudis outside of the royal family. While the Al Rajhi family has been known for its charitable social contributions ...
Posted: December 2, 2016, 1:16 am

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Saudi Arabia’s rags-to-riches billionaire Sulaiman Al-Rajhi is the founder of Al-Rajhi Bank, the largest Islamic bank in the world, and one of the largest companies in Saudi Arabia. As of 2011, his wealth was estimated by Forbes to be $7.7 billion ...
Posted: July 31, 2012, 1:01 pm

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Posted: August 2, 2017, 4:16 pm

Saudi Bankrolling of al-Qaeda

The bank was founded by the Al-Rajhi brothers, led by Sulaiman Abdul Aziz Al-Rajhi, chairman of the board of the bank, and a pivotal al-Qaeda financier, according to a number of CIA and Treasury reports. As is recounted in the Senate report, the 9/11 ...
Posted: September 25, 2013, 9:52 pm

President of Saudi Chambers Council praises economic results of Saudi-US Summit

The President of the Council of Saudi Chambers, Engineer. Ahmed Bin Sulaiman Al-Rajhi, praised the positive results of the Saudi-American summit in signing agreements and memorandums of understanding which will have an effective role in achieving the ...
Posted: May 21, 2017, 7:12 am
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