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 6,549 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 206,005 POS, in addition to more than 2,223 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 4,002 million net income for the first half of 2023 compared to SAR 3,164 million for the corresponding period last year, an increase of 26.5%. Total operating income reached SAR 7,989 million for the first half of 2023 compared to SAR 6,332 million for the corresponding period last year, an increase of 26.2%.

Financial Strength

Total assets as at June 30th, 2023 reached SAR 389,236 million compared to SAR 357,954 million as at June 30th, 2022, an increase of 8.7%. Customer deposits are higher by 14.7% to reach SAR 272,269 million as at June 30th, 2023, against SAR 237,477 million as at June 30th, 2022. Loans and Advances, net is higher by 9.8% and stood at SAR 263,150 million as at June 30th, 2023 against SAR 239,650 million as at June 30th, 2022.

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.