RIYADH, SAUDI ARABIA – Al Rajhi Bank said on Monday that it has appointed Abdullah bin Sulaiman Al Rajhi as chairman of the board of directors.
The bank said in a regulatory filing on the Tadawul that it also named Ibrahim bin Mohammed Al Romaih as vice chairman.
Al Rajhi Bank is Saudi Arabia’s second-largest lender by assets.
It is also the world’s largest Islamic bank by assets and market capitalization.
Earlier in April 2023, Emirates NBD has successfully priced a US$1 billion Senior Unsecured Sustainable Sukuk for Al Rajhi Bank.
The five-year Sukuk which was priced at a reoffer yield of 4.774 percent generated strong demand, attracting orders of over US$3.75 billion.