Riyadh, Saudi Arabia – September 17, 2025: Al Rajhi Bank, the world’s largest Islamic bank by assets, has announced deeper engagement with AstroLabs, the leading business expansion platform in the Gulf, to clarify pathways and touchpoints for global firms in the Saudi market.
The effort underscores growing alignment across the Kingdom’s business ecosystem and supports national objectives to attract high-quality global investment under Vision 2030.
Hussein Biyari, General Manager of the Corporate Banking Group at Al Rajhi Bank, said, “This partnership embodies our firm commitment to supporting the goals of the Kingdom’s Vision 2030 by strengthening the Kingdom’s position as a regional and global investment hub. At Al Rajhi Bank, we believe that enabling global companies wishing to enter the Saudi market is an important lever for achieving sustainable economic growth. Through this agreement with AstroLabs, we are leveraging our extensive banking experience and advanced digital capabilities to serve global companies.”
“AstroLabs gives companies confidence as they enter Saudi Arabia. Constructive engagement with leading institutions like Al Rajhi Bank helps align market needs and supports a smoother market-entry journey for global firms,” said Fouad Fattal, Vice President of Programs at AstroLabs.
Through this engagement, the two organizations will coordinate on select touchpoints designed to improve clarity and confidence for companies exploring Saudi Arabia. The intent is to provide multinational firms with better visibility on typical milestones and timelines, while encouraging greater coordination among institutions that interact with new-to-market companies.
This announcement reflects the continued maturation of Saudi Arabia’s investment environment. As more global firms evaluate opportunities in priority sectors, practical alignment across institutions is becoming an important enabler. By creating clear, consistent points of contact and communication, AstroLabs and Al Rajhi Bank aim to support informed decision-making and readiness among international companies considering the Kingdom.
— END —
For media inquiries, please contact:
Lara Fakih, Director of Communications at AstroLabs – [email protected]
About AstroLabs
AstroLabs is the leading business expansion platform in the Gulf, supporting high-growth companies to set up, operate, and achieve full market integration in Saudi Arabia and the UAE.
With over a decade of experience and a network of 10,000+ decision-makers, we’ve helped 1,800+ companies successfully enter, scale, and embed themselves within the region’s fastest-growing economies.
In partnership with government entities across Saudi Arabia and key global markets, we run strategic programs that accelerate market access, build foundational industries, and support regional visions like Saudi Vision 2030.