Riyad Bank is a leading financier and arranger of syndicated loans in the oil, petrochemicals, and most of the Kingdom's notable infrastructure projects. The Saudi government owns 51% of the shares of the firm, providing significant strategic backing. The bank operates a network of more than 304 branches with international offices in London, Houston (USA), and Singapore.
Cyborg Score Rationale
In 2024, Riyad Bank's revenue was 15.65 billion SAR (increase of 12.39%) with earnings of 9.00 billion SAR (increase of 16.40%). The bank maintains strong credit ratings from S&P (A/A-1) and Moody's (A1/P-1) with stable outlooks. Government ownership and market position provide stability.
Top Insights
Fourth-largest bank in Saudi Arabia by assets with government ownership of 51%
Strong profitability with 2024 net earnings of 9 billion SAR, up 16.4% year-over-year
Investment banking arm Riyad Capital is a leading player in IPO advisory and asset management
Extensive domestic branch network (304+) plus international presence supporting regional and global clients
Named Competitors
Saudi National Bank — Large diversified Saudi bank with comprehensive banking services
Al Rajhi Bank — Saudi Arabia's largest bank with Islamic and conventional banking
Banco Saudi Fransi — Major Saudi bank offering retail and commercial banking
Recent Developments
(2024) Revenue growth of 12.39% to 15.65 billion SAR reflecting strong operational performance
(2024) Net earnings increase of 16.40% to 9.00 billion SAR demonstrating improved profitability
(Ongoing) Maintained investment-grade credit ratings from S&P and Moody's with stable outlook
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