Riyad Bank

One of Saudi Arabia's biggest financial organizations, Riyad Bank, is fourth in terms of assets. It was founded in 1957. 51% of the company's stock is held by the Saudi government. The Saudi Central Bank oversees Riyad Bank, along with all other commercial banks in Saudi Arabia. Using the Gemalto digital security system, Riyad Bank introduced contactless payment wristbands in March 2018.

The country's largest lenders by assets, National Commercial Bank (NCB) and Riyad Bank, began early talks over a merger plan in December 2018. After three weeks, Riyad Bank recruited Goldman Sachs to provide advice on the merger, which would result in the creation of the largest bank in the kingdom with combined assets of $182 billion.

In April 2023, the market capitalization of Riyad Bank was $25.21 billion. By market cap, this places Riyad Bank as the 694th most valuable corporation in the world. The most recent financial reports from Riyad Bank show that the company's current revenue (TTM) is $3.54 billion. The company generated $3.08 billion in revenue in 2021, an increase from $2.95 billion in 2020.

Founded: 1957
Headquarters: Riyadh, Saudi Arabia
Website: www.riyadbank.com