Al Rajhi Bank is one of the largest Islamic banks in the world and a leading financial institution in Saudi Arabia. The bank has a strong foundation in Sharia-compliant banking and has been a significant player in the region's financial sector. Al Rajhi Bank benefits from a robust customer base, extensive branch network, and a strong reputation for customer service. However, it faces challenges such as increasing competition, regulatory changes, and the need for digital transformation. The bank has opportunities to expand its digital banking services, enter new markets, and enhance its product offerings. Nonetheless, it must navigate threats including economic fluctuations, cybersecurity risks, and evolving customer expectations.
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