Who We Are

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:

• We Care

• We Win

• 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 7,887 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 335 licensed branches, and more than 227,740 POS, in addition to more than 2,200 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 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.

Financial Performance

Riyad Bank achieved SAR 8,046 million net income for the 12-month period ending on 31 December 2023 compared to SAR 7,019 million for the corresponding period last year, an increase of 15%. Total operating income reached SAR 15,899 million for the 12-month period ending on 31 December 2023 compared to SAR 13,599 million for the corresponding period last year, an increase of 17%.

Financial Strength

Total assets as at December 31st, 2023 reached SAR 386,849 million compared to SAR 359,652 million for the corresponding period last year, an increase of 8%. Customer deposits are higher by 6% to reach SAR 254,908 million as at December 31st, 2023 against SAR 240,007 million for the corresponding period last year. Loans and Advances, net is higher by 13% and stood at SAR 274,398 million as at December 31st, 2023 against SAR 242,365 million for the corresponding period last year.

Risk Rating

• 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.
• 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 stable outlook.
• Moody’s Rating Agency maintained its short-term liability rating for Riyad Bank at ‘P-1’ and long-term liability rating at ‘A2’ with a positive outlook.