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Al-Rajhi
Commercial Est. For Exchange |
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Not to be confused with
Al-Rajhi Bank in Saudi Arabia. |
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It seems like Al Rajhi Commercial Establishment for
foreign Exchange start operating from Jeddah in 1975 and by 1986 it had
32 branches all over in the Kingdom of Saudi Arabia, as shown by counting
smaller dots in the three circles and large dots on the
coin. Jeddah alone has 10 dots (branches) in the circle and remaining 22
dots (branches) in other cities. This medallic coin is
.925Ag having a weight of one ounce with medal alignment. |
Bank Albilad
was established [a Saudi joint stock company, established vide Royal Decree
48/M on 21/9/1425 AH (corresponding to 04th November 2004) with a
corporate capital of 3,000,000,000 Saudi Riyals] by merging eight leading
money exchangers in the country including Muhammad & Abdullah Ibrahim Al-Subaie
Company, Al-Muqairen Money Exchange, Al-Rajhi Trading Est., and Al-Rajhi
Commercial Foreign Exchange. Al-Bilad’s founders will have a 50 percent
stake in the bank. |
Muhammad &
Abdullah Ibrahim Al-Subaie Company holds the
lion’s share of 42 percent in Bank Albilad while Al-Muqairen Money Exchange
holds 18 percent, Al-Rajhi Commercial Foreign Exchange 16 percent, and Al-Rajhi
Trading Est. 14 percent. Other partners Muhammad Saleh Sairafi Est. will
have a five percent stake in the bank while Injaz Money Exchange (Yousuf
Abdul Wahab Niamatullah Company) will hold three percent, Abdul Mohsen Saleh
Al-Amri Est. and Ali Hazza & Partners for Trade and Money Exchange one
percent each. |
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Micro-Nations |
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Chiefa Coins |
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