Sulaiman Al Rajhi was born in
Al Bukairiyah, located in Al Qassim province in Saudi Arabia, and grew up in the
Nejd desert where he and his brother Saleh began their business by charging money for
pilgrims taking camel
caravans across the desert to the cities of
Mecca and
Medina. Sulaiman Abdulaziz Al Rajhi holds the largest individual stake in his family's
Al Rajhi Bank, which has consistently reported the most profitable operations amongst all of
Saudi Arabia's banking groups. A co-founder of the
bank, with older brother,
Saleh, he is currently the chairman of what is nationally recognized as the
Tadawul's most venerable institution. The Al Rajhi brothers’ business growth and expansion was fed by the flood of migrant workers to Saudi Arabia during the 1970s oil boom. The Al Rajhis helped them send their earnings home to places like India and Pakistan. In 1983, the brothers won permission to open Saudi Arabia’s first Islamic bank, one that would observe religious tenets such as a ban on interest. The Al Rajhi family continue to be
Al Rajhi Bank's majority share holders though Sulaiman and his brothers have diversified family investments into gypsum, agriculture, steel, and other industrial sectors. His higher educational degree was elementary degree. He lives in
Saudi Arabia and has at least 23 children. == Philanthropy ==