Riyad Bank has launched Nathryat Card for Public Schools to control schools’ expenses, as per the Ministry of Finance and the Ministry of Education directions to open bank accounts for each general administration of public education throughout the kingdom, where principals are given ATM cards that allow them to withdraw from ATMs and purchase through point of sale terminals.
<p>Riyad Bank has launched Nathryat Card for Public Schools to control schools’ expenses, as per the Ministry of Finance and the Ministry of Education directions to open bank accounts for each general administration of public education throughout the kingdom, where principals are given ATM cards that allow them to withdraw from ATMs and purchase through point of sale terminals.</p><p>Nathryat Card is the first of its kind to be completely managed by the general administration of public education in each region through Riyad Online Corporate, in order to monitor schools operational expenses.</p><p>Mohammed Abo Al-Naja, Executive Vice President of Corporate Banking Services Division at Riyad Bank, said: “Riyad Bank is the first Saudi Bank to launch Nathryat Card for Public Schools in line with the updated controls and regulations of the Saudi Arabian Monetary Agency.” He pointed out that the bank has a long experience in providing unique and modern banking solutions to always respond to its customers’ demands and needs.</p>
