Riyad Bank

Riyad Bank is one of the largest financial institutions in the Kingdom of Saudi Arabia and the Middle East. Riyad Bank practices Islamic banking.

The financial activities of Riyad Bank are to provide consulting, personal banking services, corporate banking services in the Kingdom and beyond. International currency exchange is one of the main areas of activity of the organization.

Riyad Bank finances all types of commercial and industrial projects.

Riyad Bank is one of the largest commercial banks in Saudi Arabia and the Middle East. Riyad Bank was founded in 1957. The initial amount of capital of Riyad Bank was 30 billion Saudi riyals.

The Government of Saudi Arabia is the bank’s most influential shareholder. 51% of the shares of Riyad Bank belong to the Ministry of Finance of Saudi Arabia. The Saudi Arabian Monetary Authority regulates the commercial and financial activities of the company.

Riyad Bank provides a full range of Islamic and traditional banking services for retail and corporate clients.

More than 6000 thousand people are employees of offices and representative offices of Riyad Bank in Saudi Arabia and abroad. The bank has more than 340 branches, including 79 branches for women, 2592 ATMs, more than 32,000 POS.

For the convenience of customers, Riyad Bank has branches in countries offering traditional banking. Riyad Bank has a representative office in London, the Houston branch in the United States of America, and a representative office in Singapore.

Financial and commercial activities of Riyad Bank

Riyad Bank practices Islamic banking. It means that financial transactions related to usury, gambling are prohibited by Sharia traditions. The conclusion of futures contracts is also forbidden.

The financial activities of Riyad Bank are to provide consulting, personal banking services, corporate banking services in the Kingdom and beyond. International currency exchange is one of the main areas of activity of the organization.

Riyad Capital is a division of Riyad Bank. This structure of Riyad Bank provides consulting services for individuals and enterprises. Riyad Capital helps form an investment portfolio for its clients.

Riyad Bank has the right to place securities of various enterprises on the Saudi Arabia stock exchange. Riyad Bank is a significant investor for business enterprises in Saudi Arabia; it manages multiple funds.

Economic indicators of Riyad Bank

According to the financial statements of Riyad Bank, the economic performance of the bank is brilliant. In the first quarter of 2019, the bank earned a net profit of 1,645 million riyals compared with the profit earned for the first quarter of 2018. On March 31, 2018, the bank made a profit of 1,371 million riyals.

The total assets of Riyad Bank amounted to 239,517 million riyals. Customer deposits increased by 14.2% and reached 173,491 million riyals.

The size of loans issued to individuals and enterprises increased by 12% and amounted to 158,242 million riyals.

How to become a Riyad Bank shareholder

According to Forex data, foreign investors prefer to invest in shares of enterprises in Saudi Arabia. The value of oil and oil products grows, and the growth of investor profit increases accordingly.

In 2018, foreign investment in Saudi enterprises reached more than 1,47 billion US dollars. Saudi Arabia’s foreign investors are individuals and large financial institutions in Europe, America, and Asia.

On August 4, 2019, Riyad Bank shares were sold at SAR 25,55. In dollar terms, this amount corresponds to $6,93 per share. To acquire Riyad Bank shares, register on the Maxitrade platform. Choose to trade with Maxitrade.сom, Riyad Bank instruments.