Among the strongest capitalizations in the world. Resilient and superior profitability. Lower-than-peer concentration risks in loans and deposits. High systemic importance stemming from its large domestic retail franchise. More difficult economic environment. Low business and geographic diversification. Increasing competitive pressure. The ratings on Saudi Arabia-based Al Rajhi Bank (ARB) reflect its very strong capitalization by international standards, the resilient and superior profitability, concentrations in loans and deposits that are lower than peers', and high systemic importance stemming from its large domestic retail franchise. The ratings are constrained by the bank's more difficult economic environment, low business and geographic diversification, and increasing competitive pressure. With Saudi Arabian riyal (SAR) 165.4 billion ($44.1 billion) on Sept. 30, 2009, ARB is the fourth-largest
