Mohammed Abdulaziz Al-Rajhi, a prominent Saudi businessman, left an indelible mark on the economic landscape of Saudi Arabia. As a founding member and board director of Al-Rajhi Bank, one of the nation's largest commercial banks and one of the largest banks in the Middle East, he spearheaded a venture that revolutionized the financial sector. Together with his brothers Saleh, Sulaiman, and Abdullah, Al-Rajhi established the bank, which became an influential force in the country's economic development.
Beyond his contributions to the banking industry, Al-Rajhi's entrepreneurial spirit led him to establish Rajhi Steel and assume the esteemed position of Chairman across several reputable companies and establishments. By pioneering these endeavors, he propelled his success and played a vital role in bolstering the Kingdom's economy and creating numerous employment opportunities. With his companies employing over 5,000 individuals, Al-Rajhi demonstrated a steadfast commitment to empowering his fellow citizens and others across the globe through job creation.
Al-Rajhi's remarkable reputation extended beyond the realm of business. He was widely renowned for his philanthropic endeavors and compassionate nature. Through his benevolent actions, he sought to uplift the less fortunate and assist those in need, exemplifying the true essence of generosity. Throughout his illustrious career, he utilized his wealth to support charitable and humanitarian causes, leaving an enduring impact on the lives of many.
In 1994, Sheikh Muhammad bin Abdulaziz Al-Rajhi established his Awqaf, in which some assets were donated, bequeathed, or purchased to be held in perpetual trust for charitable causes. It focuses on agriculture (including one of the largest palm farms in the world, comprising more than 200k palm trees), real estate, investment, hotels, and charitable activities. Initially, it started with the Holy Qur'an and later expanded to include mosques, the poor, and the needy.
Born in Bakeriya, Al Qassim, Al-Rajhi's early life was devoid of the privileges of a comprehensive education. However, through his unwavering determination and the blessings of God, he rose above adversity and emerged as a prominent businessman. Al-Rajhi's journey to success was marked by hard work, discipline, and a steadfast belief in divine guidance. Relying first and foremost on his faith in Allah, he endeavored to develop his wealth ethically, cultivating a substantial fortune throughout his career.
Not content with personal achievements alone, Al-Rajhi actively involved his children in managing his business activities. Recognizing the value of education and practical experience, he educated and trained his offspring, imparting his wisdom and instilling the values of diligence and responsibility. Through this legacy, Al-Rajhi ensured the continuation of his family's entrepreneurial heritage and paved the way for future generations to thrive in the business world.
Sheikh Muhammed Abdulaziz Al-Rajhi's business prowess and astute decision-making have enabled the company to flourish, reinforcing his position as a visionary leader within the business community. His own company, Mohammed Abdulaziz Al-Rajhi & Sons Investment Co. (Rajhi Invest), stands as a testament to his financial acumen. The company remains financially robust, with a solid foundation of effective management and a history of diversification and development in various trading activities.
In recounting the life of Mohammed Abdulaziz Al-Rajhi, it becomes evident that his journey from humble beginnings to becoming a titan of the business world is one.
Sheikh Mohammed Abdulaziz Al-Rajhi
The Founder
Mohammed Abdulaziz Al-Rajhi, a prominent Saudi businessman, left an indelible mark on the economic landscape of Saudi Arabia. As a founding member and board director of Al-Rajhi Bank, one of the nation's largest commercial banks and one of the largest banks in the Middle East, he spearheaded a venture that revolutionized the financial sector. Together with his brothers Saleh, Sulaiman, and Abdullah, Al-Rajhi established the bank, which became an influential force in the country's economic development.
Beyond his contributions to the banking industry, Al-Rajhi's entrepreneurial spirit led him to establish Rajhi Steel and assume the esteemed position of Chairman across several reputable companies and establishments. By pioneering these endeavors, he propelled his success and played a vital role in bolstering the Kingdom's economy and creating numerous employment opportunities. With his companies employing over 5,000 individuals, Al-Rajhi demonstrated a steadfast commitment to empowering his fellow citizens and others across the globe through job creation.
Al-Rajhi's remarkable reputation extended beyond the realm of business. He was widely renowned for his philanthropic
endeavors and compassionate nature. Through his benevolent actions, he sought to uplift the less fortunate and assist
those in need, exemplifying the true essence of generosity. Throughout his illustrious career, he utilized his wealth to
support charitable and humanitarian causes, leaving an enduring impact on the lives of many. Read More