Leading customer franchise in the domestic retail sector. High systemic importance. Very strong capitalization. Good funding and liquidity profile. Resilient and superior profitability. Low geographic diversification. Weakened operating environment. Mounting competition in the Islamic banking segment. The ratings on Saudi Arabia-based Al Rajhi Bank (ARB) reflect Standard&Poor's Ratings Services' view of the bank's leading customer franchise in the domestic retail sector, robust capitalization, a good funding and liquidity profile, and resilient and superior profitability. The long-term rating includes a one-notch uplift above the bank's stand-alone credit profile. This reflects Standard&Poor's view that the Saudi government would likely provide extraordinary support to ARB if needed. We consider the government of the Kingdom of Saudi Arabia (AA-/Stable/A-1+) as
