Sulaiman Al Rajhi & Family: Pioneers of Islamic Banking and Philanthropy

Born in 1929 in Al-Bukairiyah, Saudi Arabia, Sulaiman bin Abdulaziz Al Rajhi grew up in the Nejd desert. Alongside his brothers—Saleh, Abdullah, and Mohammed—he began a currency exchange business that evolved into Al Rajhi Bank, established in 1987. The bank operates under Islamic principles, refraining from charging interest on deposits.

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Al Rajhi Bank's Expansion and Global Impact

Beyond banking, the Al Rajhi family's holdings include Al-Watania, which owns the largest chicken processing company in the Middle East. Their diversified investments span various sectors, contributing significantly to the region's economy.

Sulaiman Al Rajhi is also celebrated for his philanthropy. He founded the Sulaiman Al Rajhi Charitable Foundation, focusing on education, health, social, and religious projects. Notably, he pledged two-thirds of his wealth, approximately $16 billion, to charitable causes, emphasizing his commitment to societal welfare.

As of 2025, Sulaiman Al Rajhi is 96 years old, residing in Riyadh, Saudi Arabia. His legacy continues through his family's ongoing contributions to business and philanthropy, solidifying their status as one of the wealthiest and most influential families in the region.