
AlRajhi Bank Services joined SADAD on 17 May 2009, to allow customers of the "Auto Lease service" from ALRajhi Bank Programme to pay all the due payments easily and quickly across all bank channels in various parts of the Kingdom, whether through the banks branches participated in the system, or using ATM machines, phone and internet banking.
Al Rajhi Bank Founded in 1957, is one of the largest Islamic banks in the world with total assets of SR 124 billion (US$33 bn), a market capital of US$4 billion. With over 50 years of experience in banking and trading activities, the various individual establishments under the Al Rajhi name were merged into the umbrella 'Al Rajhi trading and exchange corporation' in 1978 and it was in this year that the bank was also established as a Saudi share holding company. Deeply rooted in Islamic banking principles, the Sharia compliant banking group is instrumental in bridging the gap between modern financial demands and intrinsic values, whilst spearheading numerous industry standards and development.