From Alwatan Daily: Euromoney Magazine has announced in a press release this week, Al Rajhi Bank as the winner of the Best Islamic Bank in the Middle East Award for 2010 as part of the Islamic Finance Awards which was unveiled earlier last week.
The judging committee stated in its report the reasons why Al Rajhi Bank was selected as the Best Islamic Bank in the Middle East describing it as the most successful Bank in the Saudi market which therefore is the most essential market in the Middle East, as stated by Euromoney Magazine. Furthermore, the committee highlighted on the Bank’s third quarter (Q3) financial results for 2010 and marked Al Rajhi Bank as most profitable Bank in the region……………………………………….Full Article: Source