Established as a Saudi Joint Stock Company in June 1975, the bank is recognised as one of the leading Sharia-compliant fast growing financial institutions in Saudi Arabia.
In April 2018, the Capital Market Authority approved Bank Al Jazira’s request to increase its capital through a rights issue offering of $800m to increase its capital from $1.38bn to $2.18bn. This year, it became one of the first to offer its customers in Saudi the Apple Pay service.
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