Riyad Bank

• Performance
• Statistics
• Profile
• Financials
• News
• In Depth
• Disclosures
• Press Releases

Recent Articles

• Doubts persist after Saudi banks book more provisions24 October 2009

  UPDATE 2: Banks have yet to disclose exposure to troubled local groups Saad and AHAB.

• Saudi Mobily refinances SR1.5bn Islamic loan11 October 2009

  Mobile operator originally used loan to finance purchase of Bayanat Al Oula.

• NBK cuts fair value estimates on 4 Saudi banks23 September 2009

  Downgrade in response to fears of weakening asset quality in banking sector.

• Saudi Arabia fines former fund portfolio manager17 July 2009

  The former fund manager breached trade regulations - Capital Market Authority.

• Saudi investor accepts watchdog's fine27 June 2009

  Mohammed bin Ibrahim bin Mohammed al-Issa still denies original insider trading charge.

• Riyad Bank sets $240mn investment provision20 January 2009

  Saudi's fourth largest lender revaluates its investment portfolio.

• Saudi banks post lower Q4 profits19 January 2009

  Higher provisions have led to three of Saudi Arabia's largest banks posting lower Q4 profits.

• Saudi bank posts 28% fall in Q3 net profit7 October 2008

  Riyad Bank, the third biggest in kingdom, blames global volatility for poor performance.

• Saudi bourse rises again as foreigners move in24 August 2008

  Shares in the kingdom continue upward trend after Saturday's impressive increase.

• Gulf banks post bumper profit as economies boom9 July 2008

  Q2 earnings top forecasts economies benefit from high oil prices and low rates.

• Riyad Bank earnings up on increased lending6 July 2008

  Saudi's fourth-largest bank posts 6.8% rise in Q2 income, tops most analysts' forecasts.

• Saudi stocks drop on global economic fears15 March 2008

  Kingdom Holding leads losses as investors limit exposure to US financial sector crisis.

• Saudi pumps $3.62bn into pension scheme12 December 2007

  Gov't approves cash injection to provide housing loans to early retired public sector workers.

• Riyad Bank posts profit of $191mn3 October 2007

  Saudi Arabia's fourth largest lender sees Q3 net income increase 10% through aggressive lending.

• Riyad Bank set for $3.5bn expansion13 September 2007

  Rights issue will increase Saudi lender's capital by 140% and beef up reserves, chairman says.

• Riyad Bank appoints its repo men mintermediary31 May 2007

  Bank of New York to service tri-party repo transaction.

• Riyadh upgrades card system31 August 2006

  Saudi Arabian bank opts for First Data’s VisionPlus