Overview

It started its activities in the year 1957 AD, with a capital of 30 billion Saudi riyals, and the number of employees to 5,900, with a citizenship rate of 94%, which is the highest among the financial institutions operating in the Saudi market. Riyad Bank offers an integrated set of Islamic and conventional banking services and products to our customers from individuals, companies and emerging institutions, and we are keen in this to employ our strong capital base and long-standing expertise to play a distinguished role in the field of financing, and Riyad Bank has emerged as a leading bank that organized and participated in many joint financing operations for various Sectors operating in the oil, gas and petrochemical industries and a number of the most prominent infrastructure projects in the Kingdom of Saudi Arabia. Riyad Bank offers its customers distinguished and innovative banking and financing products and services through a network of branches that includes (237) branches, more than 2,542 ATMs and more than 53,580 POS machines, in addition to a large customer base among Saudi banks. Riyad Bank is present outside the Kingdom to meet the needs of its customers through the London branch in the United Kingdom, the Houston agency in the United States, and a representative office in Singapore, where integrated banking and financial services are provided that are specially designed to serve the interests of our customers and meet their needs where they are. At Riyad Bank, we keep pace with the aspirations of our customers by providing advanced electronic services (internet and applications for smart devices for individuals and companies) and we are keen to provide the latest technologies so that our customers can carry out their banking operations from anywhere easily, smoothly and safely. Riyad Capital (the investment arm of Riyad Bank) plays a distinguished role in advisory and investment services, fund management, advising and IPO activities, and has achieved many investment performance awards “Best Mutual Fund Performance” and “Best Fund Manager” and is considered one of the best Companies in the field of asset management in the Saudi market. Financial performance The bank achieved a net income of 4,715 million riyals for the period ending on December 31, 2020, compared to a net income of 5,602 million riyals for the same period of the previous year, a decrease of 15.8%. Total operating income amounted to 11,205 million riyals for the period ending on December 31, 2020, compared to 10,717 million riyals for the same period of the previous year, an increase of 4.6%. Solvency The bank’s total assets amounted to 310,088 million riyals at the end of the period ending on December 31, 2020, compared to 265,789 million riyals for the same period of the previous year, an increase of 16.7%. As for customer deposits, they increased by 4.4% to reach 203,039 million riyals on December 31, 2020 AD, compared to 194,518 million riyals on December 31, 2019 AD. The loans and advances portfolio (net) increased by 10.0%, reaching 191,347 million riyals on December 31, 2020 AD, compared to 173,982 million riyals on December 31, 2019 AD. Credit rating strength The international rating agency Fitch maintained the issuer's short-term credit rating at (F-2) and the long-term liabilities rating at (BBB+). Standard & Poor's also rated short-term liabilities at (A-2) and long-term liabilities at (BBB+).