Riyadh- Mubasher: Al Rajhi Bank, the Saudi Arabia's second-largest bank by assets, said on its official Twitter account that the Saudi Public Investment Fund (PIF) has not bought a 25% stake of the bank.

Al Rajhi also denied holding an extraordinary general assembly meeting to rebrand the bank.

The bank affirmed that any changes in the bank’s ownership structure will be announced through Tadawul in line with regulations and in order to maintain transparency.