Abdullah Al Rajhi belongs to Saudi Arabia’s wealthiest non-royal family, Al Rajhi. The Al Rajhi family is also one of the leading philanthropist families in the world. According to Forbes list of the richest billionaires, Abdullah Al Rajhi is the 7th richest person in Saudi Arabia he ranks at #670 in the world with a net worth of $2.2 Billion as of March 2013.
His main source of wealth is his stake in Al Rajhi Bank, the largest Islamic bank in Saudi Arabia. Al Rajhi founded this bank with his three brothers. Until 2012, he was the CEO and Managing Director of the bank but he now acts as Vice Chairman and Non-Executive officer. Al Rajhi also holds shares of the Al Baraka Banking Group and various other agricultural and cement companies. He also owns and operates Al Rajhi Factories which manufactures foam mattresses and PVC pipes.
Al Rajhi holds a bachelor’s degree in Business Administration and has more than 30 years of experience in banking sector. He played an important role in transforming the Al Rajhi Exchange and Trading Company into a Public Investing Company and has made his way into the billionaires club through hard work and years of discipline, efforts, devotion and persistence.