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The Ministry of Transport and Logistics Services and Riyad Bank launch "Ubour" initiatives

20 Mar 2023

On Monday, March 20, 2023, the Ministry of Transport and Logistics Services launched, together with Riyad Bank, "Ubour" initiatives, which are: Business Ubour, digital Ubour, quality of life Ubour, and sustainability Ubour. The initiatives aim to contribute to achieving 33 goals of Saudi Vision 2030, 14 economic and social development pillars, and 10 global indicators for the Kingdom of Saudi Arabia.

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His highness the governor of Al-Ahssa launches “Hasa Link” initiative during Al-Ahssa Forum 2023

16 Feb 2023

On Wednesday, February 15, 2023, His Royal Highness Prince Saud bin Talal bin Badr, Governor of Al-Ahsa, launched the "Hasa Link" initiative in partnership between Al-Ahsa Governorate and Riyad Bank, and that was during the Al-Ahsa Forum 2023, which was held under the auspices of His Royal Highness Prince Saud bin Nayef bin Abdulaziz Governor of the eastern province of Saudi Arabia, and in the presence of a number of Their Excellencies ministers and officials from the government and private sectors.

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Riyad Bank and Al-Hilal Club are partners

14 Feb 2023

Riyad Bank signed a partnership agreement with Al-Hilal Club, according to which the bank sponsors the Al-Hilal Club football teams and youth teams (men and women), volleyball and basketball teams, Al-Hilal Club academies, the charitable organization, this agreement between the bank and the club is the first of its kind at the level The banking sector, its comes within the framework of supporting the Saudi sports sector, and sponsoring its institutions, so that the sector achieves the aspirations of Saudi Vision 2030, to be one of the sectors supporting the economy, in addition to creating financing solutions that meet the expectations and needs of the sports audience.

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Riyad Bank signing agreements with Korea Electric Power Corporation and Korean EXIM Bank.

18 Jan 2023

Riyad Bank signed cooperation and financing agreements with the Korea Electric Power Company and the Korean EXIM Bank, these agreements aim to cooperate in projects and sectors of hydrogen, green ammonia, renewable and conventional energy production, energy transmission and distribution, in addition to developing Al-Jafurah gas field in the eastern province.

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Riyad Bank successfully closes landmark $750 million Additional Tier 1 Sustainability Sukuk

09 Feb 2022

Riyadh, Kingdom of Saudi Arabia Riyad Bank, rated A2/BBB+/BBB+ by Moody’s/S&P/Fitch, successfully closed a $750mn Additional Tier 1 sustainability Sukuk, making it the first sustainable AT1 Sukuk globally. The profit rate of 4% per annum is equivalent to the lowest credit spread ever achieved by a GCC bank for an AT1 Sukuk. The success of this transaction came on the back of an extensive marketing strategy aimed at updating international and regional investors with Riyad Bank’s financial performance.

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