The credit profile of Al Rajhi Banking & Investment Corp. is supported by the bank's healthy customer franchise, high profitability, and strong capitalization. Al Rajhi is the fourth-largest bank in Saudi Arabia and the only fully Islamic bank in the Kingdom. The twin factors of a widespread branch network and high degree of customer loyalty have enabled Al Rajhi to build up the largest demand deposit base of any bank in the country. While liquidity is improving, the bank's credit profile is constrained, however, by concentration risks and rising competition in the Saudi retail market. Al Rajhi is one of the most profitable banks in the Gulf. The bank's returns are strong, with return on equity averaging 25% over the
