Riyad Bank

Founded in 1957 with an initial capital of $13.3m, the company is the oldest publicly-held bank in the Kingdom and is one of three 100 percent Saudi-owned in Saudi Arabia.

The company said in January that it has allocated SAR900m ($240m) in provisions after a revaluation of its investments portfolio.

“The allocations were about SAR900m… such provisions have to be made at the end of the year because we have to revaluate the investment portfolio,” Mohammad Rabea, first deputy chairman of the bank, told Al Arabiya television, according to newswire Reuters.

“This is only precautionary ... Our investments are solid and strong and are rated A+ and B+,” he said.

Riyad Bank operates 201 branches and has grown to become a lead financier, particularly in arranging the flow of syndicated loans in the oil, gas, petrochemicals, power and water sectors.

The bank has a special network of ladies’ branches that do not require the guarantee of a sponsor. At these branches, clients have the option to receive all of their bank related mail through their accounts, enabling them to review it in complete privacy.
More about the company
Address: King Abdulaziz Road PO Box 22622 , Riyadh, SAUDI ARABIA

Joint stock

23 November 1957

Public

966 1 4013030

966 1 4042707

www.riyadbank.com

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Officers »
Board of Directors Position
Rashed Abdulaziz Al Rashed
Chairman
Abdulrahman Hassan Sharbatly
Board Member
Abdullah Ibrahim A. Al Hudaithi
Board Member
Abdullah Mohammed Ibrahim Al Issa
Board Member
Khaled Hamza Nahas
Board Member
   
Management Position
Talal I. Al Qudaibi
President and Chief Executive Officer
Suliman A. Al Gwaiz
Deputy Chief Executive Officer
Thalib A. Al Shamrani
Executive Vice President - Risk Management
Abdulmajeed A. Al Mubarak
Executive Vice President - Corporate Banking
Ali A. Al Saffar
Executive Vice President - Support Services
View all
Major Shareholders
Name Country
Public Investment Fund
Saudi Arabia
Saudi Arabian Monetary Agency
Saudi Arabia
General Organization for Social Insurance - Saudi Arabia
Saudi Arabia
Mr.Mohammed Ibrahim Mohammed Al Issa
Saudi Arabia
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