Sulaiman bin Abdul Aziz Al Rajhi, the co-founder of Al Rajhi Bank and a prominent figure in Saudi Arabia’s business community, has donated $19 billion to various charitable causes.
This monumental act of generosity from the 95-year-old businessman has effectively reduced his net worth, leading to his relinquishment of billionaire status.
Al Rajhi made the remarkable decision to split his wealth, allocating half to his children and the other half to charity.
This unprecedented move saw around 221 million SAR directed to the Sulaiman Bin Abdul Aziz Al Rajhi Charitable Foundation. The foundation’s efforts are focused on several key areas:
- Education: Supporting educational institutions and scholarships to foster learning and development.
- Religion: Funding religious activities and institutions to promote spiritual growth and community involvement.
- Healthcare: Contributing to the construction and operation of healthcare facilities, enhancing access to medical services.
- Social Issues: Addressing various social challenges through targeted programs aimed at improving societal well-being.
Al Rajhi’s extraordinary philanthropy has set a new standard in charitable giving, earning him widespread respect and admiration across the globe.
His contributions reflect a deep commitment to enhancing the quality of life for others, marking a significant impact on both local and international communities.
By donating such a substantial portion of his wealth, Sulaiman bin Abdul Aziz Al Rajhi has not only transformed countless lives but has also inspired others in the business world to consider the profound effects of philanthropy.
His legacy will undoubtedly be remembered as a beacon of generosity and compassion.
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