Press Releases

As part of its CSR outreach, Riyad Bank staff aimed to give cheer to hospitalized children this Eid Al-Adha holiday. Volunteering employees at Riyad Bank visited children’s wards in cities throughout the Kingdom to meet and spend time with the children and distribute gifts.

Riyad Bank has successfully taken part in the sixth Dokhala Festival, which was held from the 15th till the 24th of October this year. The festival, organized by the Sanabes Commission for Social Development and held in Qatif, includes a series of popular social and cultural, heritage-based events and is an important part of the tourism calendar in Saudi Arabia’s Eastern Region.

Mr. Rashed Abdulaziz Al-Rashed, the Chairman of Riyad Bank announced that the Bank achieved Net Income of SAR 3,292 million for the nine months ended September 30 2014, an increase of 12.9% compared to the same period last year. Net income during third quarter was SAR 1,076 million against SAR 998 million for the corresponding period last year, an increase of 7.8%.

Rashed Abdul Aziz Al-Rashed, Chairman of Riyad Bank, has announced that Riyad Bank’s board has taken the decision to appoint Abdul Majeed Abdullah Al-Mobarak as the deputy CEO. Al-Rashed praised Al-Mobarak’s professionalism, his exceptional leadership skills, and a strong sense of integrity which made Al-Mobarak the stand-out candidate for the role who will contribute to the Bank’s growth and leadership. Al-Mobarak had worked at Riyad Bank from 1991 to 2013.

Riyad Bank has renewed its current agreement with the International Finance Corporation (IFC), a member of the World Bank Group, as part of the Bank’s strategy to support the Kingdom’s small and medium enterprises (SMEs). The agreement will include extending financial skills, best practices and training to SME owners to help them develop their business and increase their competitiveness.