Riyad Bank

Riyad Bank is one of the largest financial institutions in Saudi Arabia, ranked fourth in assets[5][6] It was established in 1957.[7] The Saudi government owns 51% of the shares of the firm.[7]

Riyad Bank
TypePublic (Tadawul1010)
Founded1957; 64 years ago (1957)
HeadquartersRiyadh, Saudi Arabia[1]
Key people
Abdullah Mohammed Al-Issa Chairman[2]
Tareq Al Sadhan CEO[3]
ProductsFinancial Services
Total assets265,788,878,000 Saudi riyal (2019) Edit this on Wikidata
Number of employees
5,973 [4]

As other Saudi commercial banks, Riyad Bank is supervised by the Saudi Arabian Monetary Authority.

In March 2018, Riyad Bank launched contactless payment wristbands, using the Gemalto digital security solution.[8][9]

In December 2018, Riyad bank went into preliminary discussions with National Commercial Bank (NCB), the country's biggest lender by assets, to study a merger plan. After three weeks Riyad Bank hired Goldman Sachs to advise on the merger that would create the largest bank in the kingdom with $182 billion in combined assets.[5][10]

See alsoEdit


  1. ^ "Riyad Bank Saudi Arabia". Commercial Banks of the World. BanksDaily. Retrieved 25 November 2013. CS1 maint: discouraged parameter (link)
  2. ^ http://www.riyadbank.com/English/AboutUs/BoardOfDirectors.html
  3. ^ Tareq A. Al-Sadhan is the new CEO of Riyad Bank
  4. ^ Riyad Bank on Forbes Global 2000 list
  5. ^ a b Four Charts That Show the Impact of Saudi Arabia's New Mega Bank Bloomberg
  6. ^ ArgaamPlus. "QNB, NCB top list of biggest GCC banks". ArgaamPlus. Retrieved 2017-04-05.
  7. ^ a b Oxford Business Group. The Report: Saudi Arabia 2008. Oxford Business Group. p. 72. ISBN 978-1-902339-00-9. Retrieved 18 September 2013. CS1 maint: discouraged parameter (link)
  8. ^ Financial.net, CPI. "Contactless payment bracelets launched in Saudi Arabia". CPI Financial. Retrieved 2018-03-13.
  9. ^ "Riyad Bank launches Saudi Arabia's first contactless payment bracelets". LeapRate. 2018-03-12. Retrieved 2018-03-13.
  10. ^ Saudi’s Riyad Bank selects Goldman to advise on merger talks with NCB Gulf Business