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 5,590 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 338 licensed branches, and more than 189,270 POS, in addition to more than 2,250 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.

Riyad Capital is a leading player in the IPO advisory business and asset management, having won numerous investment awards in Saudi Arabia in categories ranging “Top Performance Fund” and “Best Custodian” and “Most Innovative REIT Fund”.

Financial Performance

Riyad Bank achieved SAR 7,019 million net income for the year ended December 31, 2022 compared to SAR 6,025 million for the same period last year, an increase of 16.5%. Total operating income reached SAR 13,599 million for the year ended December 31, 2022 compared to SAR 11,568 million for the same period last year, an increase of 17.6%.

Financial Strength

Total assets as at December 31, 2020 reached SAR 310,088 million compared to SAR 265,789 million as at December 30, 2019, an increase of 16.7%. Customer deposits are higher by 4.4% to reach SAR 203,039 million as at December 31, 2020, against SAR 194,518 million as at December 31, 2019. Loans and Advances, net are higher by 10.0% and stood at SAR 191,347 million as at December 31, 2020 against SAR 173,982 million as at December 31, 2019.

Risk Rating

• The international Fitch Ratings Agency maintained the short-term issuer default rating (IDR) for the Bank at ‘F-2’ and ‘BBB+’ rating is issued for long term IDR.
• Standard & Poor’s Rating Agency maintained its short-term liability rating for Riyad Bank at ‘A-2’ and long-term liability rating at ‘BBB+’.
• Moody’s Rating Agency maintained its short-term liability rating for Riyad Bank at ‘P-1’ and long-term liability rating at ‘A-2’.