Billionaire founder of Al-Rajhi Bank to focus on 'charity projects'

03/03/2015 Argaam
Sulaiman Al-Rajhi, the billionaire founder of Al-Rajhi Bank, will focus on developing and expanding his endowments to charity, according to Al Arabiya television.
 
In 2011, Al-Rajhi transferred more than half of his SAR 25 billion fortune to social and educational charity projects and distributed the rest among his children, according to Argaam.
 
At the time, he said he made the decision to protect his family and avoid inheritance-related court disputes after his death.

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