Riyad Bank
Riyadh-based bank founded in 1957 and listed on the Saudi Exchange, with 224 branches and investment arm Riyad Capital. It reported 2025 net income of SAR 10.4 billion and total assets of SAR 519 billion.
Industry: Commercial banking | Location: Riyadh, Saudi Arabia | Founded: 1957
About Riyad Bank
Riyad Bank is a Saudi public shareholding bank that provides retail, corporate, treasury and investment services, the last through its wholly owned subsidiary Riyad Capital. It is headquartered in the King Abdullah Financial District in Riyadh and operates 224 branches and 1,670 ATMs in Saudi Arabia, along with a branch in London, an agency in Houston and a representative office in Singapore.
The bank was founded in 1957 under a Council of Ministers resolution with share capital of SAR 50 million, which has since grown to SAR 30 billion. Its shares have been listed on the Saudi Exchange since January 1993 under the symbol 1010. The Public Investment Fund is the largest shareholder with 21.8 percent, followed by the General Organization for Social Insurance with 10.4 percent. Nadir Al-Koraya has been chief executive since 2024, after joining in 2014 as chief treasury and investment officer, and Abdullah Mohammed Al-Issa has chaired the board since 2016.
Riyad Bank offers online and mobile banking, open banking and card and wallet payments through mada, Apple Pay, Samsung Pay and Google Pay. Its fintech activities run through Jeel Digital Innovation Company, which received a licence from the Saudi Central Bank as a sandbox enabler in 2025, and 1957 Ventures, a fintech venture builder and investor.
The bank launched Riyad Capital in 2008. Its Riyad Fintech Fund co-led the 2021 Series A of the Saudi lending platform Forus. The bank issued a $750 million Tier 1 sustainability sukuk in 2022 and completed a $1.25 billion Tier 2 sukuk offering in July 2025.
For 2025 the bank reported total operating income of SAR 18.4 billion and net income of SAR 10.4 billion, up 12 percent, with total assets of SAR 519 billion, and customer deposits of SAR 332 billion. It had 7,130 employees at the end of 2025.
In September 2026 TechScoop reported that Riyad Bank was among the investors in open banking company Tarabut's $50 million round.
Leadership
- Abdullah Mohammed Al-Issa, Chairman of the Board
- Mutaz Kusai AlAzzawi, Vice-Chairman of the Board
- Nadir Al-Koraya, Chief Executive Officer
- Abdullah Ali Al-Oraini, Chief Financial Officer
- Majed Hamdan Al-Ghamdi, Chief Wholesale Officer
- Omar AlSaffaf, Chief of Retail Banking Officer
- Abdulrahman Al-Huthail, Chief Operating Officer
- Abdulmohsen Altwaijri, Chief Treasury and Investment Officer