Our Vision:
To be the most innovative and trusted financial solutions partner.
Our Mission:
To help people, organizations and society achieve their aspirations by being their trusted and caring financial solutions partner.
Our Values:
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We Care
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We Win
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We are One Team
About Riyad Bank:
Riyad Bank is one of the largest financial institutions in the Kingdom of Saudi Arabia and the Middle East. Established in 1957, with a paid-up capital of SAR 30 billion. Our professional and dedicated staff base has mainly driven our success throughout the years. With more than 7.8K employees, we take pride of being among the Saudi organizations with the highest national employment rate of 96%.
We provide a comprehensive range of products and services fully compliant with the Islamic Sharia’ to meet the needs of both retail and corporate customers, including small and medium-size enterprises. We play a leading role in various areas of finance and investment around Saudi Arabia, that is why we are distinguished as a leading financier and arranger of syndicated loans in the oil, petrochemicals and most of the Kingdom’s notable infrastructure projects.
We offer innovative and remarkable financing solutions through a network of 334 licensed branches, and more than 248K POS, in addition to more than 1.9K ATMs well distributed in strategic & carefully selected locations around the Kingdom. And since global expansion is essential for some of our customers outside the Kingdom, a branch in London and offices in Houston (USA) and Singapore to help in supporting the international banking needs of such customers.
Our electronic banking services (web-based and mobile applications) use the latest electronic technologies to address the banking needs of our customers with utmost ease, convenience and security.
Riyad Capital, a fully owned subsidiary of Riyad Bank is a leading player in the IPO advisory business and asset management, having won numerous investment awards in Saudi Arabia.
Financial Performance
Riyad Bank achieved SAR 7,065 million net income for the first nine months of 2024 compared to SAR 6,091 million for the corresponding period last year, an increase of 16%. Total operating income reached SAR 12,630 million for the first nine months of 2024 compared to SAR 11,967 million for the corresponding period last year, an increase of 6%.
Financial Strength
Total assets as at September 30th, 2024 reached SAR 433,366 million compared to SAR 377,012 million for the corresponding period last year, an increase of 15%. Loans and Advances, net is higher by 14% and stood at SAR 305,408 million as at September 30th, 2024 against SAR 267,151 million for the corresponding period last year. Investment, net is higher by 14% and stood at SAR 66,137 million as at September 30th, 2024 against SAR 57,883 million for the corresponding period last year. Customer deposits are higher by 15% to reach SAR 293,575 million as at September 30th, 2024 against SAR 254,719 million for the corresponding period last year. Total shareholders' equity increased by 11% reaching to SAR 56,577 million as at September 30th, 2024 against SAR 50,881 million for the corresponding period last year.
Risk Rating
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The international Fitch Ratings Agency maintained the short-term issuer default rating (IDR) for the Bank at ‘F-2’ and ‘A-’ rating is issued for long term IDR with a stable outlook.
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Standard & Poor’s Rating Agency maintained its short-term liability rating for Riyad Bank at ‘A-2’ and long-term liability rating at ‘A-’ with a positive outlook.
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Moody’s Rating Agency maintained its short-term liability rating for Riyad Bank at ‘P-1’ and long-term liability rating at ‘A1’ with a stable outlook.
