Funding from Al-Rajhi helped Saudi billionaire Sulaiman Al-Rajhi different success story because it embodies the story of the struggle of a poor man who started from scratch and returned voluntarily, and after 80 years of struggle, perseverance and challenges he donated about 7.4. A billion dollars of wealth, a third of which was used for charity and a third for his sons, as we will see on the EG-Press site, but the problem now: will Al-Rajhi be as poor as he was at the beginning?

Suleiman Al Rajhi

Sulaiman Al-Rajhi (Sulaiman Al-Rajhi) was born on November 30, 1928. He was born in Bukayriyah, one of the Qassim districts in the Kingdom of Saudi Arabia. He comes from a poor family, and has four brothers, arranged by Saleh, Abdullah and Suleiman Muhammad.
His father moved to Riyadh and worked with his two older brothers Saleh and Abdullah, then he returned and moved with his family to all family members, and that was in 1937 AD, and Suleiman joined the opportunity to study in Riyadh since his childhood. Likes and tends to work and trade.

Solomon works as a store manager for freight carriers and market sellers, he often tracks camels to collect things that fall from the forest in his spare time, and he also works in construction and many other industries, which helps him get enough experience. Gained in all market conditions and response methods, as well as methods, ideas and knowledge of different trading methods.
Subsequently, Suleiman opened a small shop in 1945 on the main road in Al Murabba neighborhood and once sold all groceries such as oil, sugar, tea, matches, sweets, etc. In the shop in Riyadh with his brother Saleh.
Suleiman went to Jeddah in 1945 to work with his brother Saleh, joined the trade in Jeddah and Mecca, worked hard and used to protect parcels and honesty, and returned to the airport with a distance of more than tens of kilometers and provided transportation and handling for porters.
He also works in textiles, building materials and many types of trade, and when he started to increase his profits he felt excited and inspired, then he rented a small shop under the Okasha Mosque in Jeddah after the eleventh hour. After he worked with his brother Saleh for many years, they agreed to turn the convenience store into a partnership between them.

The first official business between him and his brother Saleh began in 1957 AD and continued to develop the partnership and worked in the real estate field, then they started in this expansion field, in 1971, Saleh decided that everyone should work independently to increase everyone’s interest in their work.
At the end of 1971, he started working alone under the name (Sulaiman Abdulaziz Al-Rajhi Foundation), his business expanded and opened in all parts of the Kingdom of Saudi Arabia, many branches, except for Riyadh, out of respect and appreciation for Brother Saleh. Because of his activities there, he expanded the fields of banking and real estate together.
Suleiman earned a good reputation and won the trust of customers and businessmen at home and abroad, and after working alone for six years, he decided that all the brothers should cooperate with each other, and entrusted Suleiman to take over this work. In 1978 they established Al Rajhi Exchange Company there.

He also worked in industry, agriculture and many food sectors (such as shrimp and poultry), and his goal is not only to rely on Saudi Arabia, but also to expand his business to other Arab countries in order to double his business. His charitable work is one of the most effective experiences of the National Poultry Company.
This experiment caused many losses in an unexpected operation that started in the field of poultry. Despite this loss, he completed the experiment, noting that the loss amounted to nearly one million riyals.
When he coordinated the human resources and equipment used and linked them with the use of low-cost homemade sheds, his daily production would exceed half a million chickens and a million eggs, and he also established some poultry companies in Egypt called Al-Watania, which is spread in many countries.
One of the great and important experiments is also the agricultural experiment, where the National Agriculture Company Qassem and the Alvatania Agricultural Company participated in the Al-Basaita area, and this experiment is considered one of the very successful experiments because it is completely dependent on the product. roads and roads. Natural fertilizers do not require any external intervention and are managed through an ecological integration system.
Places where waste is recycled and reused in a safe manner that is in the interest of the environment and increases imports.

What you do not know about Al-Rajhi

On the industrial level, he established several factories operating under the name of the National Industrial Corporation, including Riyadh Carton Factory, Pots Factory, Red Brick Factory, Plastic Factory, Cover Factory, Paper Products Factory, etc.
In addition, the national carriers that support all of the above companies help the Kingdom of Saudi Arabia in the modernization of transportation and freight.

He also wanted to coordinate the work to transform it from a family management to an institutional management, and this was done in several stages, and the first step was in 1419 AH / 1999 AD, and he established a project to re-coordinate his work.
The work of continuous development continued until Suleiman decided that the endowment fund would have an independent entity and property, so he established the endowment of Suleiman Abdul Aziz Al-Rajhi, established a board of directors for it, and expanded the scope of its business. Donations in addition to charitable causes.
He founded the Suleiman Abdulaziz Al-Rajhi Holding Company for Donations, owned by the Endowment Foundation, an investor that provides financial resources to the charitable sector.
Sulaiman Al-Rajhi Charitable Foundation for Family Assistance
As reported in Al-Riyadh newspaper, the support of the Sulaiman Al-Rajhi Charitable Foundation for families includes its support for 140 families in the Jeddah Charitable Warehouse.
This is part of the funding program for needy families, which is carried out in cooperation with Abdul Rahman bin Abdul-Aziz, the Secretary-General of the Sulaiman bin Abdul-Aziz Al-Rajhi Charitable Foundation, and Dr. Dora Al-Rajhi is linked to the support and care agreement between the Secretary-General and the Secretary-General. Mr. Faisal bin Abdul Hamid, Director of Jeddah Charitable Warehouse.
The agreement includes the provision of rehabilitation and training programs and social benefits to families sponsored by the charitable warehouse system for a period of one year.
Mr. Faisal bin Abdul Rahman Al-Hamid Kamel, General Manager of Jeddah Charitable Warehouse, thanked the Salman bin Abdulaziz Charitable Foundation for this humanitarian stance to support productive families in Jeddah.
Furthermore, by providing training and rehabilitation programs and social benefits, the foundation’s support for charities to do charitable work can be emphasized to the fullest extent.
Professor Faisal Al-Hamid explained that this sport has created a company that will always be effective, and it is hoped that all the various charitable departments will support the poor families, orphans, widows, the needy, the needy and those in the like. People.
When he thanked Makkah Al-Mukarramah, the Ministry of Social Affairs, the relevant government agencies, the private sector and philanthropists for their assistance in all the projects and programs offered by the warehouse, he extended a special invitation to those who could. Assist and support the activities, projects and plans that the warehouse provides to those in need.
As we all know, this charitable warehouse in Jeddah is a charitable organization, establishing strategic partnerships with the government, charities, the private sector and the community, cooperating with the government, according to the latest methods and modern technologies, and working hard all over the world. country. The purpose is to obtain permanent social services.
The purpose of the warehouse is also to help the poor and needy gain complete privacy, help them meet their needs and support them during the crisis.