Company type | Public (Tadawul: 1020) [1] |
---|---|
ISIN | SA0007879055 |
Industry | Finance |
Founded | June 21, 1975 |
Headquarters | Jeddah, Saudi Arabia |
Products | Financial services |
Total assets | 86,544,344,000 Saudi riyal (2019) |
Website | www.baj.com.sa |
Bank Aljazira aka BAJ is a Saudi Arabian financial group and a joint-stock company founded in 1975 headquartered in Jeddah. [2] [3] [4]
Bank Aljazira was established as a Saudi joint-stock company registered under Royal Decree No. 46/M issued on June 21, 1975. The bank began its operations on October 9, 1976, after it acquired the branches of the National Bank of Pakistan in the Kingdom of Saudi Arabia. In 2010, the foundations were laid for future growth and diversification of the bank's products and services, which contributed to the diversification of income sources away from the risks of relying on one or two sources of income. [5] [6]
Jeddah, alternatively transliterated as Jedda, Jiddah or Jidda, is a port city in Makkah Province, Saudi Arabia, located along the Red Sea coast in the Hejaz region. Jeddah is the commercial center of the country. It is not known when Jeddah was founded, but Jeddah's prominence grew in 647 when the Caliph Uthman made it a travel hub serving Muslim travelers going to the holy city of Mecca for Islamic pilgrimage. Since those times, Jeddah has served as the gateway for millions of pilgrims who have arrived in Saudi Arabia, traditionally by sea and recently by air.
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