Who’s Who: Abdullah bin Sulaiman Al Rajhi, Arab Banking Personality of the Year

Abdullah bin Sulaiman Al Rajhi
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Updated 05 June 2023
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Who’s Who: Abdullah bin Sulaiman Al Rajhi, Arab Banking Personality of the Year

Abdullah bin Sulaiman Al Rajhi was recently named Arab Banking Personality of the Year by the board of directors of the Union of Arab Banks.

Al Rajhi is chairman of Al Rajhi Bank, one of the largest banks in the Arab world.

With a career spanning several decades, he has established himself as a leader in the financial sector. Under his leadership, Al Rajhi Bank has achieved remarkable success and garnered global recognition.

In 2021, Forbes magazine listed the bank as the sixth-strongest company among the top 100 companies in the Arab world, a testament to Al Rajhi’s strategic vision and commitment to excellence.

In addition to his role at Al Rajhi Bank, he is a board member and chairman of various investment, industrial and charitable companies.

He is chairman of Al Rajhi Cooperative Insurance Co., Al Rajhi Holding Group, Al Rajhi Financial Co., Farabi Petrochemicals Co., Al-Ajial Holding Co., and Saudi Carpet Manufacturing Co., among others.

His career in the banking sector began in 1979 when he joined Al Rajhi Bank.

From deputy general manager for financial affairs to CEO and, ultimately, chairman, his contributions have been instrumental in shaping the bank’s growth and transformation.

Al Rajhi graduated from King Abdulaziz University with a bachelor’s degree in business administration in 1979.

He continues to be a driving force in the banking sector, inspiring future generations of business leaders.

 


Saudi Arabia welcomes ceasefire agreement between Syrian Democratic Forces and Syria state

Updated 1 min 27 sec ago
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Saudi Arabia welcomes ceasefire agreement between Syrian Democratic Forces and Syria state

RIYADH: Saudi Arabia has welcomed an agreement between the Syrian state and Syrian Democratic Forces.
In a foreign ministry statement early on Monday, the Kingdom said it had welcomed an deal between Damascus and Kurdish Syrian Democratic Forces that was announced by the Syrian government on Sunday.
The agreement entails merging all SDF forces into the defense and interior ministries and means that Kurdish forces will redeploy to east of the Euphrates river.
The 14-point deal would also see the immediate administrative and military handover of Deir Ezzor and Raqqa governorates.
The Syrian state would regain control of all border crossings, oil fields, and gas fields in the region, with protection secured by regular forces to ensure the return of resources to the Syrian government, while considering the special case of Kurdish areas, the state news agency SANA reported.
The ceasefire comes after intense fighting between the SDF and government troops in Aleppo. But SDF troops have now pulled back from there and the Syrian army now controls most areas east of Aleppo.
The Saudi foreign ministry statement also thanked the US for the agreement. Washington is believed to have supported brokering the ceasefire between allies SDF and the Syrian government, who they have also backed diplomatically since the fall of long-time dictator Bashar Assad.
The Syrian state announced on Friday a raft of new directives to recognize Syrian Kurds, including making their language official and bolstering other rights for the minority group.