Al-Rajhi Bank denied rumors circulating about the Public Investment Fund purchasing a 25% stake in the bank, and stated that there is no truth to rumors regarding an extraordinary general meeting to change the bank’s name, emphasizing that any significant changes in ownership are announced on the Tadawul website in accordance with regulations and to ensure transparency.

The bank said in a statement on its Twitter account—as announced by Al Rajhi Bank via its official account on the social media platform “Twitter,” that there is no truth to the rumors circulating about an extraordinary general meeting being convened to change the bank’s name, emphasizing that any significant changes in ownership are announced on the Tadawul website in accordance with regulations and to maintain transparency.