Founded by the late billionaire Mohammed Abdulaziz Al-Rajhi, Rajhi Invest is a diversified Saudi conglomerate with holdings spanning banking, FMCGs, building materials, industrials, hospitality, capital markets, and real estate. Its portfolio includes alrajhi bank, Rajhi Steel, Falcon Plastic Products Company, and Saudi Tourism Development Company, among others. In Q1 2026, alrajhi bank reported a 14.4% year-on-year increase in net income to $1.8 billion. In 2026, Saudi Arabia’s Capital Market Authority approved the IPO and registration of Berain Company, which is 60% owned by Rajhi Invest, to offer 66 million shares, representing 30% of its capital, on the Saudi Exchange.