THE MIDDLE EAST'S

TOP 30 BANKS 2022

6. Riyad Bank

Country : Saudi Arabia
CEO : Tareq Al Sadhan
Market value: $27 billion
Revenues: $3.6 billion
Profits : $1.6 billion
Assets: $86.9 billion

Riyad Bank has 340 branches in Saudi Arabia, one in the U.K., an agency in the U.S., and a representative office in Singapore. The bank employs over 6,620 people. It completed the issuance of a SAR-denominated Tier 2 capital-eligible Sukuk valued at $800 million in February 2021 and another U.S.-dollar-denominated Tier 1 capital Sukuk worth $750 million in February 2022. Riyad Bank signed an agreement with the Yanbu Chamber of Commerce and Industry in September 2021 to launch new products, initiatives, and financing solutions that can enhance the role of SMEs in achieving the Saudi Vision 2030.