Sector: Banks & Financial Services
Date of Establishment: 1957
Market Value: $21.3 billion
Riyad Bank has a network of 341 branches in Saudi Arabia, as well as a branch in the U.K, an agency in the U.S., and a representative office in Singapore. The bank employs 5,200 people. In April 2021, the bank bought a 53-floor office tower in Saudi’s King Abdullah Financial District that will serve as its new headquarters. In May 2021, Riyad Bank signed a memorandum of understanding with Bab al-Khair Medical Services, which aims to establish the kingdom’s first non-profit hospital.