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Member Administrated Closed User Groups MA-CUG

Enables you to submit your transactions related to payments, cash management services and treasury products through SWIFTNet. Bank will sponsor your SWIFT participation and transacting through secure SWIFT.

  • Automates the payment process
  • Saves time in filling Bank’s forms and filing cheques
  • Allows the use of existing corporate infrastructure for submission of requests to Bank
  • Simplifies the reconciliation process
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Riyad Bank’s MA-CUG e-Payment Solution integrates with your Enterprise Resource Planning system (ERP) to provide rapid, end-to-end processing of payments and access to bank account information. Multi-layered security architecture comprising of firewalls, filtering routers, encryption and digital certification ensures that account information and payment instructions are protected from unauthorized access.

The existing Riyad Bank’s e-Banking capabilities are extended with the evolution of SWIFTNet, a secure IP-based messaging platform. This helps ease connectivity and increases Straight-through processing (STP) between your ERP with that of the bank’s system , and provides a more secure, cost-effective and standardized messaging services to Corporate Clients.

  • Eliminates the need to use traditional channels for financial transactions
  • The company and the participating Banks are required to be part of MA-CUG
  • Ability to retrieve statements in Swift MT9xx format
  • Automates the payment process
  • Saves time required in filling Bank’s forms and filing cheques manually
  • Allows the use of corporate infrastructure
  • Simplifies the reconciliation process
  • All corporate clients are eligible

To apply please email our sales team on or call:

  • Eastern region: +966-13-833-5733 Ext. 4505
  • Western region:+966-12-260-9092
  • Central region: +966-11-486-5978

Transaction charges apply. Additionally, one-time set-up fee and a monthly maintenance fees is charged

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