[[Nadir S Al-Koraya]] [[CEO]][https://www.riyadbank.com/en/information/media-centre/press-releases/2019/20-02-2019 Tareq A. Al-Sadhan is the new CEO of Riyad Bank]"},"products":{"wt":"[[Financial services]]"},"num_employees":{"wt":"5,973 {{cite web |title=Riyad Bank{{!}}Company Overview &News |website=[[Forbes]] |archive-url=https://web.archive.org/web/20230411152647/https://www.forbes.com/companies/riyad-bank/ |archive-date=2023-04-11 |url-status=live |url=https://www.forbes.com/companies/riyad-bank/#6f3b9688513e}}"},"slogan":{"wt":""},"homepage":{"wt":"[http://www.riyadbank.com www.riyadbank.com]"},"Profits":{"wt":""}},"i":0}}]}" id="mwBA">.mw-parser-output .infobox-subbox{padding:0;border:none;margin:-3px;width:auto;min-width:100%;font-size:100%;clear:none;float:none;background-color:transparent}.mw-parser-output .infobox-3cols-child{margin:auto}.mw-parser-output .infobox .navbar{font-size:100%}@media screen{html.skin-theme-clientpref-night .mw-parser-output .infobox-full-data:not(.notheme)>div:not(.notheme)[style]{background:#1f1f23!important;color:#f8f9fa}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .infobox-full-data:not(.notheme) div:not(.notheme){background:#1f1f23!important;color:#f8f9fa}}@media(min-width:640px){body.skin--responsive .mw-parser-output .infobox-table{display:table!important}body.skin--responsive .mw-parser-output .infobox-table>caption{display:table-caption!important}body.skin--responsive .mw-parser-output .infobox-table>tbody{display:table-row-group}body.skin--responsive .mw-parser-output .infobox-table tr{display:table-row!important}body.skin--responsive .mw-parser-output .infobox-table th,body.skin--responsive .mw-parser-output .infobox-table td{padding-left:inherit;padding-right:inherit}}
![]() | |
![]() Riyad Bank Tower in the King Abdullah Financial District of Riyadh, Saudi Arabia | |
Native name | بنك الرياض |
---|---|
Company type | Public (Tadawul: 1010) |
ISIN | SA0007879048 ![]() |
Industry | Finance |
Founded | November 23, 1957 |
Headquarters | Riyadh, Saudi Arabia [1] |
Key people | Abdullah Mohammed Al-Issa Chairman [2] Nadir S Al-Koraya CEO [3] |
Products | Financial services |
Total assets | 265,788,878,000 Saudi riyal (2019) ![]() |
Number of employees | 5,973 [4] |
Website | www.riyadbank.com |
Riyad Bank (Arabic : بنك الرياض) 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]
Like other Saudi commercial banks, Riyad Bank is supervised by the Saudi Central Bank. [8]
In June 2010, the homepage of the bank's website was hacked by hackers demanding the dismissal of the mayor of the province of Medina. [9]
In July 2013, Riyad Bank chose Calypso for the management of its global cash flows.
In March 2018, Riyad Bank launched contactless payment wristbands, using the Gemalto digital security solution. [10] [11]
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] [12]
Investment banking is an advisory-based financial service for institutional investors, corporations, governments, and similar clients. Traditionally associated with corporate finance, such a bank might assist in raising financial capital by underwriting or acting as the client's agent in the issuance of debt or equity securities. An investment bank may also assist companies involved in mergers and acquisitions (M&A) and provide ancillary services such as market making, trading of derivatives and equity securities, FICC services or research. Most investment banks maintain prime brokerage and asset management departments in conjunction with their investment research businesses. As an industry, it is broken up into the Bulge Bracket, Middle Market, and boutique market.
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Financial services are economic services tied to finance provided by financial institutions. Financial services encompass a broad range of service sector activities, especially as concerns financial management and consumer finance.
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Samba Financial Group SJSC, formerly known as The Saudi American Bank, was a multinational banking firm based in Saudi Arabia. The combined institution had 66 branches in the Kingdom.
Saudi National Bank, also known as SNB AlAhli, formerly known as The National Commercial Bank (NCB), is the largest commercial bank in Saudi Arabia.
Aozora Bank, Ltd. is a Japanese commercial bank that offers service in 19 branches in Japan and in 2 overseas representative offices. Originally based on the Japanese operations of the Bank of Chōsen, it was known from 1957 to 1977 as Nippon Fudosan Bank and from 1977 to 2001 as Nippon Credit Bank (NCB).
Khalid bin Mahfouz was a Saudi Arabian billionaire, banker, businessman, investor and former chairman of the National Commercial Bank (NCB). Khalid is the son of Salem Bin Mahfouz, a Saudi entrepreneur who rose from being a small-time moneychanger to becoming the founder of the NCB, the first private Saudi bank.
Khalid Abdullah Almolhem is a Saudi Arabian businessman.
Bank Audi is a Lebanon-based universal bank and financial services company headquartered in Beirut, offering financial products and services in personal banking, business banking, private banking and Treasury and Capital Markets segments.
RuPay is an Indian multinational financial services and payment service system, conceived and owned by the National Payments Corporation of India (NPCI). It was launched in 2012, to fulfil the Reserve Bank of India's (RBI) vision of establishing a domestic, open and multilateral system of payments. RuPay facilitates electronic payments at almost all Indian banks and financial institutions. NPCI has partnered with Discover Financial and JCB to help the RuPay network gain international acceptance.
CB Bank is one of Myanmar's oldest and largest commercial banks. It became the first bank in Myanmar to issue ATM cards and credit cards. The bank, led by U Khin Maung Aye (Chairman) and U Kyaw Thu Ko (CEO) has over 200 branches across the country.
King Abdullah Financial District is a mixed-use financial district located in the al-Aqeeq neighbourhood of Riyadh, Saudi Arabia Managed by the King Abdullah Financial District Development and Management Company, a wholly-owned subsidiary of the Kingdom's Public Investment Fund. The district was previously being managed by the Rayadah Investment Corporation on behalf of the Pension Authority of the Kingdom of Saudi Arabia. The district is the largest LEED Platinum certified mixed-use business centre in the world.
Yousef Algafari is a Saudi business executive. He served as the chief executive officer of Abdullah AlOthaim Markets between 2006–09 and 2013–16, he also was an executive and key spokesperson for AL-Othaim Holding Company.
Sarah Al-Suhaimi is a Saudi businesswoman who is the first woman chair of the Saudi Arabian stock exchange (Tadawul), the largest stock market in the Middle East.
Global Payments Inc. is an American multinational financial technology company that provides payment technology and services to merchants, issuers and consumers. In June 2021, the company was named to the Fortune 500. The company processes payments made through credit cards, debit cards, and digital and contactless payments.
Argaammm is a Saudi Arabian financial news portal and considered the primary source for financial news as it provides real-time updates on financial markets as well as market data and analysis, interviews, and coverage of stocks listed across the region. Argaam has won UAE App & Web Award and is operated by the Argaam Investment Company, which launched the Arabic version in March 2007 and an English variant in April 2015.
Investment Corporation of Dubai is the principal investment arm of the Government of Dubai focused on strengthening Dubai’s economy through long-term value and wealth creation and investing in global opportunities. Established in 2006, ICD manages the Government of Dubai Portfolio of commercial companies and investments. In 2022, ICD reported assets worth $320 billion and revenue of $73 billion. The Dubai-based corporation provides strategic oversight, develops and implements investment strategies and corporate governance policies, and operates in multiple sectors, including oil and gas, transportation, banking, and financial services.
Square is a point-of-sale system for businesses with physical or online stores. Launched in 2009 by Block, Inc., it enables sellers to accept card payments and manage business operations. As of 2023, Square is the U.S. market leader in point-of-sale systems, serving 4 million sellers and processing $210bn annually.
Riyadh Airports Company (RAC) (Arabic: شركة مطارات الرياض), or simply Riyadh Airports (Arabic: مطارات الرياض), is a state-owned airport management company and a subsidiary of Matarat Holding that operates and provides aviation related services to the King Khalid International Airport in Riyadh, Saudi Arabia. It was established in 2015 by the country's General Authority of Civil Aviation as part of the government's strategy to privatize nationwide publicly owned assets amid falling oil prices.
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