Bank AlJazira
Jeddah-headquartered Saudi joint stock bank offering Shariah-compliant retail, corporate and investment banking. Net income was SAR 1,506 million in 2025.
Industry: Banking | Location: Jeddah, Saudi Arabia | Founded: 1975
About Bank AlJazira
Bank AlJazira, which trades as Aljazira Bank, is a Saudi joint stock company that provides Shariah-compliant banking and is supervised by the Saudi Central Bank. Its head office is on King Abdulaziz Branch Road in Jeddah. The bank describes its activities as retail, corporate, brokerage, asset management and treasury.
According to Wikipedia, the bank was established on 21 June 1975 under a royal decree and began operating in October 1976 after taking over the Saudi branches of the National Bank of Pakistan. It is listed on the Saudi Exchange under the symbol 1020 and gives its commercial registration number as 4030010523. Its website states fully paid capital of 12,812,500,000, matching the 25 percent capital increase to SAR 12,812.5 million, or 1,281.25 million shares, that Argaam recorded as approved in February 2025.
Abdulmajeed Ibrahim AlSultan chairs the board and Mohammed Saad Bindawood is deputy chairman. Naif A. Abdulkareem is chief executive officer and managing director, and Hani Noori is chief financial officer. The bank's website links to related services including Aljazira Capital for investment, Fawri for money transfers abroad and Ajwaa for credit cards. TechScoop reported on 3 August 2026 that Saudi Azm counts Bank AlJazira among its Islamic bank clients.
For 2025 the bank reported net income of SAR 1,506 million, up 22 percent from SAR 1,231 million, on total operating income of SAR 4,464 million, up 18 percent. At 31 December 2025 total assets were SAR 165.9 billion, net financing SAR 110.8 billion and customer deposits SAR 115.4 billion. Shareholders' equity grew 25 percent, supported by a Tier 1 sukuk issue, and the total capital adequacy ratio was 19.9 percent.
The same release says the bank recently introduced a new brand identity that makes wealth management a core pillar and aims to serve affluent individuals, corporates and institutions. Argaam's company page records a launch of a US dollar additional Tier 1 capital certificate sale on 17 June 2026, the completion of a USD 500 million sukuk offering on 18 June 2026 and the redemption of a USD 500 million Tier 1 sukuk on 29 June 2026.
Leadership
- Abdulmajeed Ibrahim AlSultan, Chairman of the Board
- Mohammed Saad Bindawood, Deputy Chairman of the Board
- Naif A. Abdulkareem, Chief Executive Officer and Managing Director
- Hani S. Noori, Senior Vice President and Chief Financial Officer
- Sami J. Al-Mehaid, Senior Vice President and Head of Corporate and Institutional Banking Group
- Mohammed A. Al Mousa, Senior Vice President and Head of Retail Banking Group
- Ibrahim A. Al-Omar, Senior Vice President and Chief Operations Officer
- Osama K. Al Ibrahim, Senior Vice President and Chief Risk Officer