operating review - Annual reports 2025

Operating Review

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Corporate Banking

Supporting Saudi Vision and corporate landscape

Corporate Banking remained a central pillar of Riyad Bank's franchise in 2025, reinforcing its role as a leading financial partner to major corporates, government-related entities, and MSMEs. The Division delivered strong financial performance, deepened sector leadership, and continued to drive meaningful contributions to the Kingdom's economic transformation.

During the year, commercial loans increased by % 50 Bn., achieving 22% growth driven by strong demand across project finance, structured solutions, and working-capital facilities.

Gross
Loans

Market
Share

Operating
Income

Key Highlights

Total Assets

% 287 Bn.

Increased 24%

Net Special Commission Income

% 7.4 Bn.

Increased 5%

Fees and Other Income

% 2.7 Bn.

Increased 24%

Operating Expenses

% 2.5 Bn.

with modest growth of 1% from 2024

Impairment Charges

% 820 Mn.

reflecting strong credit quality

Net Income before Zakat

% 7.6 Bn.

Increased from % 6.7 Bn. in 2024

MSME Lending

Reached to

%91 Bn.

Achieved

% 25.1%

MSME market share as of Q3 2025

Retail Banking

Driving the Bank's strategic progress and financial growth

Retail Banking continued to be a key engine of Riyad Bank's performance in 2025, delivering strong and steady growth across its customer base, product portfolio, and digital channels. The Division reinforced its leadership by deepening relationships across core segments and achieving measurable gains in financial results, service quality, and digital adoption.

Retail Banking continued to anchor Riyad Bank's performance, combining customer growth, portfolio resilience, and digital momentum in 2025.

2025 was a year of remarkable performance by the Division, cementing its role as an engine for Riyad Bank's strategic growth moving forward.

Riyad Token Case Study

"In 2025, Token attracted a growing number of registered children, reflecting increased adoption and our commitment to building financial confidence from an early age."

Mobile App Case Study

"Riyad Mobile has become a scalable growth platform - strengthening digital engagement today while laying the foundation for the next generation of innovation."

Key Highlights

Grew total assets to

% 117 Bn.

Expanded the affluent customer base by

8 %

Increased assets under management by

5 %

Retail Banking Highlights

The division achieved a

20%

growth in NPS

Expanded the Bank@Work program for employer-based partnerships

Treasury and Investment

Strengthening the Bank's global and national ties

In 2025, Riyad Bank reinforced its market leadership in Treasury and Investment through record issuance activity, diversified funding sources, exceptional growth in derivatives business, and disciplined portfolio management. The Division delivered another year of strong performance, combining innovation and prudence to strengthen liquidity, deepen local and international investor relationships, and create long-term value.

In 2025, Treasury and Investment delivered another year of strong performance, combining innovation and prudence to strengthen liquidity, deepen investor relationships, and create long-term value.

Key Highlights

% 2 Bn.

AT1 Sukuk issued under the new % 10 Bn. program at a 6.00% coupon.

USD 1.25 Bn.

Tier 2 Sukuk priced at 6.209%.

2 Asian syndications totaling

USD 3 Bn.

USD 250 Mn.

private placement and USD 1.425 Bn. syndicated-loan refinancing completed.

EUR 300 Mn.

Green Term Facility, supporting Vision 2030 sustainability goals.

Subsidiaries

Expanding reach, shaping the future

Riyad Bank’s subsidiaries form an integrated platform that extends the Bank’s reach, capabilities, and impact across priority sectors of the economy. Together, they translate strategy into execution by advancing innovation, strengthening investment leadership, accelerating digital transformation, and supporting operational excellence. Each subsidiary reflects Riyad Bank’s ambition to elevate performance and shape the future of financial services while contributing to the Kingdom’s national agenda and long-term prosperity

Subsidiary	Capital/ Invested Amount (%)	Ownership %	Main Activity
Riyad Capital	500,000,000	100%	Engaged in investment services and asset management activities related to dealing, managing, arranging, advising, and custody of securities regulated by the Capital Market Authority, incorporated in the Kingdom of Saudi Arabia.
Ithra Al-Riyad Real Estate Company	10,000,000	100%	Formed with the objective to hold, manage, sell, and purchase real estate assets for owners or third parties for financing activities, incorporated in the Kingdom of Saudi Arabia.
Esnad Al-Riyadh	500,000	100%	A limited liability company registered in the Kingdom of Saudi Arabia to provide human resources services to the Group.
Curzon Street Properties Limited	12,378	100%	A property holding company, incorporated in the Isle of Man.
Riyad Financial Markets	187,500	100%	A netting and bankruptcy jurisdiction country, to execute derivative transactions with international counterparties on behalf of Riyad Bank, incorporated in the Cayman Islands.
Jeel Digital Innovation Company	100,000,000	100%	Engaged in systems analysis, application and operating systems development, hosting websites, financial technology solutions, and related activities, incorporated in the Kingdom of Saudi Arabia.
1957 Ventures Fund	197,045,597	100%	Engaged in fostering innovation by investing in building Fintech ventures and offering comprehensive support, including resources, mentorship, and strategic insights, incorporated in the Kingdom of Saudi Arabia.

300+ participants in capability-building initiatives

Riyad Capital 2025 at a Glance

Assets Under Management

% 97.5 Bn.

Assets Under Custody

% 1,048 Bn.

Profitability

% 665 Mn.

Private Equity & VC

USD250 Mn.

lead investor in pre-IPO round for a local company

Debt Capital Markets

% 500 Mn.

sukuk for a local real estate company (upsized by 65%)

Real Estate

Buhairat Abha (% 1 Bn.), portfolio reached % 10 Bn.

Strategic Fund

Up to % 6 Bn.
Transit-Oriented Development Fund with Saudi Railway Company

Digital Innovation

Launch of Mostashary robo-advisory tool;
% 1.7 Mn. invested in first month

Financial Literacy

Launch of Wa'i Mali youth investment series

Jeel Digital Innovation Company

20+ enterprise

innovation initiatives
delivered

Fintech pipeline

accelerated from
Money20/20

SAMA-licensed

regulator-trusted sandbox

Jeel 2025 – Accelerating Innovation and Impact

Supported Riyad Bank’s 2030 strategy as its core innovation engine.

Advanced ecosystem collaboration across fintech, digital platforms and real-economy sectors.

Operated under a SAMA-licensed Sandbox regulatory sandbox framework.

Strengthened regulatory readiness for advanced digital and platform-based capabilities.

Introduced Innovation Assurance Framework 2.0 to reinforce governance and risk-based validation.

Deployed real-time performance and value-tracking capabilities to enhance execution transparency.

Delivered 20+ innovation initiatives across MSME, ESG, payments and customer experience.

Engaged 300+ professionals through structured innovation capability-building programs.

Strengthened partnerships with leading global and regional technology and fintech providers.

Advanced regional alignment fintech collaboration to support regional regulatory alignment and ecosystem interoperability.

document locations

Supporting Saudi Vision and corporate landscape

Key Highlights

Driving the Bank's strategic progress and financial growth

Riyad Token Case Study

Mobile App Case Study

Key Highlights

Retail Banking Highlights

Strengthening the Bank's global and national ties

Key Highlights

Expanding reach, shaping the future

Riyad Capital 2025 at a Glance

Jeel Digital Innovation Company

Jeel 2025 – Accelerating Innovation and Impact