Riyad Bank
TTADAWUL:101019.20
SAR
-0.30
(-1.54%)
ISIN
SA0007879048
Return %
Stock
S&P 500
1Y
-6.30
14.20
3Y
-0.39
81.12
5Y
-12.33
68.34
Capital Structure
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- CEO
- Nadir Sami Al-Koraya
- Full Time Employees
- 7,130
- Sector
- Finance
- Industry
- Major banks
- Address
- Riyad Bank Tower Riyadh Riyadh Province Saudi Arabia 13519
- IPO Date
- Jan 16, 2003
- Website
- riyadbank.com
- Similar Companies
- Business
- Riyad Bank delivers a broad spectrum of banking and investment solutions across the Kingdom of Saudi Arabia and beyond. Its operations are organized into distinct divisions, encompassing Retail Banking, Corporate Banking, Treasury and Investments, and Investment Banking and Brokerage. The Retail Banking segment provides a full suite of services for individual clients and small to medium-sized enterprises, including various deposit options, credit facilities like personal, auto-lease, and mortgage financing, and a range of investment products and payment cards. This segment also features an emphasis on digital services and Sharia-compliant offerings. The Corporate Banking division caters to businesses of all sizes, supplying current accounts, deposit services, a variety of loan products such as working capital, syndicated, project, and contract financing, along with comprehensive trade finance, cash management solutions, and corporate payment cards. Notably, Riyad Bank is a key financier for significant national infrastructure, oil, and petrochemical projects, and a leader in supporting small and medium-sized enterprise financing. Through its Treasury and Investments segment, the bank offers sophisticated money market instruments, trading activities, and a range of treasury and derivative products and services, alongside managing diverse investment portfolios and providing foreign exchange solutions. The Investment Banking and Brokerage segment, primarily operating under Riyad Capital, delivers expert investment management, asset management services, IPO advisory, and handling of securities-related transactions, including dealing, arranging, advising, and custody services. Riyad Bank is actively pursuing a robust digital transformation strategy, aiming to be a mobile and digital-first institution by 2025. Recent initiatives include the launch of "Jeel," a specialized entity for digital innovation, the introduction of a virtual branch in the Metaverse, and the rollout of new digital payment options like Google Pay. The bank consistently expands its digital channels, offering online and mobile banking, advanced ATMs, and self-service options. Founded in 1957 and headquartered in Riyadh, the bank extends its reach through an extensive branch network within Saudi Arabia. It maintains an international presence with a branch in London, an agency in Houston, USA, and a representative office in Singapore, facilitating cross-border trade and investment opportunities for its diverse customer base. The bank's strategic vision is closely aligned with Saudi Vision 2030, emphasizing innovation and customer-centric financial solutions.