Bank AlJazira

#2767

Rank

$4.65B

Marketcap

Saudi Arabia

Country

Leadership team

Mr. Naif Abdulkarim Al Abdulkareem (CEO, MD & Exec. Director)

Mr. Hamad I. Al-Essa (Sr. VP, Chief Compliance & AML Officer)

Mr. Hani S. Noori (VP & Acting CFO)

Products/ Services

Banking, Finance, Financial Services

Number of Employees

1,000 - 20,000

Headquarters

Jeddah, Makkah, Saudi Arabia

Established

1975

Net Income

100M - 500M

Revenue

500M - 1B

Traded as

1020.SR

Social Media

URL

https://www.bankaljazira.com

Overview

Location

Recognition and Award

References

Summary

Bank AlJazira provides a range of Shari'ah compliant banking products and services for individuals, corporates, small to medium sized businesses, and institutions in the Kingdom of Saudi Arabia. The company operates through Personal Banking, Corporate Banking, Treasury, Brokerage and Asset Management, and Takaful Ta'awuni segments. It offers various personal banking products and services, including saving and current accounts; real estate and personal financing services; safety deposits; money transfer; investment products; and ladies and e-banking services. The company also provides Islamic funding services; global transaction services, such as cash management, trade financing, and corporate payroll services; syndication financing services; and commercial and online banking services, as well as services for the public sector and financial institutions. In addition, it offers investment banking services comprising brokerage and asset management services, as well as corporate investment banking services through initial public offerings, private placement, capital increase, and underwriting. Further, the company provides private banking products and services, including ATM and credit cards, safe deposit lockers, trading commission, foreign currency exchange, short term deposits, and structured products; real-estates investments; wealth management services; and treasury services, including naqa'a and thrift saving programs, foreign exchange, FX forward, structured products, and hedging solutions, as well as margin financing services. As of December 31, 2020, it operated a network of 79 branches and 62 Fawri remittance centers. The company was incorporated in 1975 and is headquartered in Jeddah, the Kingdom of Saudi Arabia.

History

In 1979, Bank AlJazira was established as the first Islamic banking institution in the Kingdom of Saudi Arabia by a royal decree issued by late King Khalid Ibn Abdul Aziz. The bank opened its first branch in Riyadh in the same year and has since grown at a steady pace. By 1996, Bank AlJazira had 48 branches and become one of the largest banks in the Kingdom. During the following years, the bank also obtained several noteworthy awards, including the Islamic Bank of the Year Award in 2004 and 2010 from the British Banker’s Magazine. In 2018, AlJazira Bank became the first institution in the region to be rated “A” by Moody’s Investment Services, further enhancing its reputation as a leader in the industry.

Mission

To offer flexible and rewarding banking options to local small business owners.

Vision

We know your business and we want you to succeed

Key Team

Mr. Ahmed Alireza (Deputy Group Head of Personal Banking Group)

Mr. Hesham Ezz Elddin (Assistant Gen. Mang. of Devel. & Support)

Mr. Osama K. Al-Ibrahim (Sr. VP & Chief Risk Officer)

Mr. Faisal M. Al-Mansour (Sr. VP & Head of Human Capital Group)

Mr. Ibrahim Mohammed Al-Hasan Al Hurabi (Sr. VP & Head of Internal Audit Group)

Dr. Fahad A. Bin Al-Elayan (Sr. VP and Head of Sharia, Social Responsibility Group & Sustainability)

Mr. Khalid O. Al-Othman (Sr. VP & Head of Retail Banking Group)

Recognition and Awards

Bank AlJazira has earned numerous awards and accolades, including the Islamic Bank of the Year Award from the British Banker’s Magazine in 2004 and 2010, and the Best Saudi Arabian Bank Award from Global Investors magazine in 2006 and 2007.