Al Rajhi Bank

In April 2023, Al Rajhi Bank closed its first USD sustainable sukuk of $1 billion for a five-year period. In 2022, the bank concluded a $1.2 billion Shariah-compliant syndication in the Middle East that complies with globally accepted ESG practices. In 2022, it started using solar energy systems in 44 branches and dedicated $800 million to financing renewable energy projects. Tuder Real Estate, the bank’s real estate arm, also launched an energy efficiency program, which included solar panel installation and AC upgrades.