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KUALA LUMPUR, Feb 2 (Bernama) -- Al Rajhi Bank announced the appointment of

Azrulnizam Abdul Aziz as Chief Executive Officer of Al Rajhi Bank (Malaysia),

the wholly owned subsidiary of Al Rajhi Bank (Kingdom of Saudi Arabia).

"We are very pleased to appoint Azrulnizam as Chief Executive Officer of Al

Rajhi Bank (Malaysia)," said Mr Abdullah Al Rajhi, Group CEO, Al Rajhi Bank

(KSA), in a statement released on Feb 2.

Azrulnizam, 41, holds a Bachelor of Business Administration-Marketing from

Wichita State University, Kansas and a Master of Business

Administration-International Business from University of Hartford, Connecticut,

USA, and completed a leadership programme from Oxford University, United


Prior to joining Al Rajhi Bank, Azrulnizam was the Chief Executive Officer of

Standard Chartered Saadiq Bhd (Malaysia), Standard Chartered’s wholly-owned

Islamic banking subsidiary. He brings with him over 11 years of extensive

knowledge and experience in Islamic banking and finance.

“Azrul is one of the most capable leaders in the industry and we are confident

that his appointment will significantly enhance Al Rajhi Bank’s ability to

provide excellence to our customers and to compete even more effectively in the

market. Al Rajhi Bank has carved out a strong position as an innovative

alternative in the industry, and having made considerable progress over the past

few years, is strategically well-positioned for growth”, he added.

With 23 branches in Malaysia and growing, Al Rajhi Bank’s presence is now

extended to Kuwait and Jordan.

About Al Rajhi Bank

Al Rajhi Bank, the largest Islamic banking group in the world is recognised for

being instrumental in bridging the gap between modern financial demands and

intrinsic Islamic values. One of the fastest growing and most progressive banks

in Saudi Arabia, it owes its banking excellence to its unwavering commitment to

Shariah principles and the use of technology to offer diverse products to meet

customer needs. The Group has a vast network of over 700 bank branches and

remittance centres, 2,750 ATM machines and over 21,000 POS installed throughout

the Kingdom.

Leveraging on its established principles and operations in the Middle East, Al

Rajhi Bank ventured out as an international bank by setting up its first

overseas operations in Malaysia, launched in February 2007. Operating on the

same platform as the home bank, Al Rajhi Bank Malaysia extensively uses the

latest banking technology to consistently provide customers with speed and

convenience in banking. To date, it has 23 branches, 15 in the Klang Valley, one

in Johor Bharu, Melaka, Penang, Kuching, Kota Bharu, Ipoh, Kuantan and Kota

Kinabalu respectively. Plans are in the way to open a few more this year. Al

Rajhi opened it Affluent Banking flagship branch in Menara BRDB in Bangsar in

2010 to cater to its high net worth customers. Offsite ATMs are now located in

many locations throughout Malaysia, with KLIA and LCCT ATMs deployed in July

this year. Its remittance business, Money Transfer i-Tahweel (“i-Tahweel”) is

currently available at its i-Tahweel Centres in Melaka, Klang and Central

Market. The services are also offered through any Al Rajhi Bank branch


The bank is expanding its suite of products and services that currently offers

customised corporate and investment banking products which include amongst

others project financing, term financing, working capital financing, trade

finance facilities and cash management services. The Retail banking products

includes Savings Account-i, Current Account-i, Personal Financing-i, Charge

Card-i, Debit Card-i, Fixed Term Investment-i, Money Transfer i-Tahweel,

Automobile Financing-i, Home Financing-i, Structured Home Financing-i and the

award winning Al Musafir Card-i. As of April 2011, Al Rajhi has a customer base

over 130,000 and the number is steadily growing.

Al Rajhi Bank has been recognised with the following awards:

· Financial Insights Innovation Award 2008 (FIIA)

Special Citation for Islamic Payment Switch (IPS) for Al-Musafir Card-i

· KLIFF Islamic Finance Awards 2010

Most Outstanding Islamic Bank

· Islamic Finance news Awards 2010

- Malaysia Deal of the Year - Cagamas Sukuk ALIm

- Best Retail Islamic Bank

· 2010 IFR Asia Awards

Islamic Deal of the Year Award - Cagamas Sukuk ALIm

· Financial Insights Innovation Award 2011 (FIIA)

Product Innovation (Islamic Banking Product) - Cagamas Sukuk ALIm

· Aon Hewitt Best Employers in Malaysia 2011

· Aon Hewitt Best Employers in APAC 2011

· RAM League Awards 2011

- Lead Manager Award Islamic 2010 Programme Value (2nd)

- Malaysian Innovation of the Year - Cagamas Sukuk ALIm

- Industry Recognition Award

· The Asset Triple A Islamic Finance Awards 2011

- Islamic Deal of the Year for Cagamas one billion ringgit Sukuk Al-Amanah Li


- Best Islamic Deal, Malaysia for Cagamas one billion ringgit Sukuk Al-Amanah

Li Al-Istithmar

· KLIFF Islamic Finance Awards 2011

Most Outstanding Islamic Bank

(as at December 2011)

Image accompanying this release can be viewed at:





DIRECT LINE : 03 2301 7038

MOBILE : 019 240 9422



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