Post by Sapphire Capital on Jul 10, 2008 21:46:01 GMT 4
Al Rajhi Bank, Kingdom of Saudi Arabia
Link: www.alrajhibank.com.sa/en/
Private Banking Services Centers in the Central Province:
Crossroad of King Fahd Road & Mosa Ibn Nosair St.,
P. O. Box 28
Riyadh 11411
Kingdom of Saudi Arabia
Telephone: 01 4620036
Fax 01 4650173
Al-Rajhi Bank is the world's largest Islamic bank, and a major investor in Saudi Arabia's business world. It is one of the largest joint stock companies in the Kingdom, with a paid up capital of SR 6.75 billion. Its Head Offices are located in Riyadh and there are six Regional Offices.
The Bank's first operation outside Saudi is in Malaysia, which was inaugurated in February 2007. Link: www.alrajhibank.com.my/
Al Rajhi Banking & Investment Corporation (Malaysia) Berhad
Ground Floor, East Block
Wisma Selangor Dredging
142-B Jalan Ampang
50450 Kuala Lumpur
MALAYSIA
Telephone: +603 2301 7000
Fax: +603 2301 7100
The Bank has the largest branch network (more than 500 branches) distributed throughout the Kingdom, the largest ATM network (1750 machines) and over 13,000 POS installed with merchants all over the Kingdom.
This bank is "GEM" but a local one, so Risk Assessment is following the Country Risk.
The balance sheet is good (http://www.alrajhibank.com.sa/NR/rdonlyres/DD2A1AD1-6C3B-43E4-919D-523E469DED09/0/Dec2007E.pdf) but beside the Islamic banking the existing Nostro lines in correspondent banking deny it the possibility of a Global Player.
Locally and in the active countries a good pick.
Al Rajhi has correspondent banking as follows:
CHF UBS Zuerich
CNY Bank of China, Beijing
DKK Nordea Bank, Copenhagen
Euro Raifeisen Zentralbank Vienna (000.50.033703)
ING Brussels (301.0187947-42-001)
ING, Amsterdam (50907972)
Deutsche Bank Frankfurt (9571159/00)
GBP Barclays
SGD Standard Chartered Singapore
USD Bank of America, Charlotte
Standard Chartered London and New York City
American Express Bank, New York City
Deutsche Bank Trust Bank New York City
JP Morgan Chase, New York City
Wachovia Bank, Charlotte and New York City
Link: www.alrajhibank.com.sa/en/
Private Banking Services Centers in the Central Province:
Crossroad of King Fahd Road & Mosa Ibn Nosair St.,
P. O. Box 28
Riyadh 11411
Kingdom of Saudi Arabia
Telephone: 01 4620036
Fax 01 4650173
Al-Rajhi Bank is the world's largest Islamic bank, and a major investor in Saudi Arabia's business world. It is one of the largest joint stock companies in the Kingdom, with a paid up capital of SR 6.75 billion. Its Head Offices are located in Riyadh and there are six Regional Offices.
The Bank's first operation outside Saudi is in Malaysia, which was inaugurated in February 2007. Link: www.alrajhibank.com.my/
Al Rajhi Banking & Investment Corporation (Malaysia) Berhad
Ground Floor, East Block
Wisma Selangor Dredging
142-B Jalan Ampang
50450 Kuala Lumpur
MALAYSIA
Telephone: +603 2301 7000
Fax: +603 2301 7100
The Bank has the largest branch network (more than 500 branches) distributed throughout the Kingdom, the largest ATM network (1750 machines) and over 13,000 POS installed with merchants all over the Kingdom.
This bank is "GEM" but a local one, so Risk Assessment is following the Country Risk.
The balance sheet is good (http://www.alrajhibank.com.sa/NR/rdonlyres/DD2A1AD1-6C3B-43E4-919D-523E469DED09/0/Dec2007E.pdf) but beside the Islamic banking the existing Nostro lines in correspondent banking deny it the possibility of a Global Player.
Locally and in the active countries a good pick.
Al Rajhi has correspondent banking as follows:
CHF UBS Zuerich
CNY Bank of China, Beijing
DKK Nordea Bank, Copenhagen
Euro Raifeisen Zentralbank Vienna (000.50.033703)
ING Brussels (301.0187947-42-001)
ING, Amsterdam (50907972)
Deutsche Bank Frankfurt (9571159/00)
GBP Barclays
SGD Standard Chartered Singapore
USD Bank of America, Charlotte
Standard Chartered London and New York City
American Express Bank, New York City
Deutsche Bank Trust Bank New York City
JP Morgan Chase, New York City
Wachovia Bank, Charlotte and New York City