The success story of billionaire Sheikh Suleiman Al - Rajhi

The success story of billionaire Sheikh Suleiman Al - Rajhi

Sheikh Sulaiman bin Abdul Aziz Al Rajhi, the famous Saudi billionaire and the founder of Al Rajhi Bank, which has more than 500 branches in Saudi Arabia, has a remarkable success story as it ranked No. 107 in Forbes magazine among the world's wealthiest Ranked seventh in the Arab world, where he estimated his wealth by about 8.4 billion dollars.

The emergence of Sheikh Suleiman Al-Rajhi:
He was born in 1929 in al-Bakiriya in Qassim, Saudi Arabia. Sheikh Al-Rajhi grew up in difficult living conditions in a poor family consisting of father and mother and four children who moved to Riyadh to seek a livelihood. Sheikh Al-Rajhi began working at the age of nine in selling bags for shopping in Riyadh. He always tries to get to the way of making things and trying to emulate them and sell them an attempt to make a living even if it is very little.

The success story of a man did not despise work:
When the famous billionaire reached the age of ten, he became a kerosene trader. He did not know electricity at the time and then worked as a goods carrier for half a penny a day. When he reached the age of 12, he began collecting palm dates for six riyals a month. Which was not ashamed of the days where he worked cook and Konsa and guard and well-being and in the construction work was in his spare time tracking the beauty to collect the firewood, which falls from it and take a wage on it and many other business and simple professions, which made him a lot of experience in the affairs of the market and how to deal with P Minorities and diverse categories of people and ways of trade, selling, buying and other important things.

The beginning of the establishment of private business and entry into the banking field:
After he became a young man, Sheikh Al-Rajhi established his first small shop to sell essential commodities such as tea, sugar, sulfur and sweets. He even sold different types, which were sold only to him. This project was the result of his savings over the years. To cover the expenses of his marriage at this time and after five years began Sulaiman Al Rajhi work in the banking field where he was selling and buying currencies with pilgrims until he was appointed with his brother Saleh Al Rajhi in a currency exchange and they worked together to establish a second branch in 1956 as a start to the story Success after poverty For the struggle and was working on the sale of building materials and locks in his free time of his work and to improve his income In 1970 the Brotherhood agreed on separation in the field of work.

The way to achieve the dream of a global bank:
Sheikh Sulaiman Al-Rajhi established his own company for currency exchange and worked hard to achieve the success story of Sheikh Al-Muqahab and achieved great success in this field, which led to increasing his wealth and expanded his investments. More than 30 branches of this company were opened all over Saudi Arabia Al-Rajhi worked to make huge gains, which made him expand his work to include a number of Arab countries, including Egypt and Lebanon, but after six years, Sheikh Suleiman and his brother Saleh agreed to return to work together again in partnership, but at this time the four brothers met to work with each other Agree on Vweid Sheikh Suleiman to the work management was established Al Rajhi Banking and Trade was the main space is next to some private banking business in real estate and building materials.

Al Rajhi Bank was established in 1957 and today it is one of the largest Islamic banks in the world with a capital of about 15 billion Saudi riyals, or 4 billion dollars, and manages assets worth 33 billion US dollars and operates branches in the Kingdom of Saudi Arabia more than 8 thousand employees and has The largest customer base and invests in different sectors and fields. The bank also develops various banking projects and programs

Success story crowned with gratitude:
Sheikh Sulaiman Al-Rajhi has undertaken many initiatives and charitable works. He established the Bakiriya University where he was born to serve his country. He also founded the Sulaiman Al-Rajhi Charity Foundation, which makes generous donations to the Holy Quran Charity Society in Riyadh. To serve his family and his country.

His death:
Sheikh Sulaiman Al-Rajhi died in June 2017 and had recommended that he not be consoled and that the Muzayyeen would be grateful for charity.