Riyad Bank

Riyad Bank
Public (Tadawul: 1010)
Industry Finance
Founded 1957 (1957)
Headquarters Riyadh, Saudi Arabia[1]
Key people
 Abdullah Mohammed Al-Issa Chairman[2]
Abdulmajeed A Al-Mubarak Acting CEO[3]
Products Financial Services
Number of employees
 3200
Website www.riyadbank.com

Riyad Bank is one of the largest financial institutions in Saudi Arabia, ranked third in assets.[4]It was established in 1957.[5] The Saudi government owns 51% of the shares of the firm.[5] The company is regulated by the Saudi Arabian Monetary Agency. In March 2018, Riyad Bank launched contactless payment wristbands, using the Gemalto digital security solution.[6][7]

References

  1. ↑ "Riyad Bank Saudi Arabia". Commercial Banks of the World. BanksDaily. Retrieved 25 November 2013.
  2. ↑ http://www.riyadbank.com/English/AboutUs/BoardOfDirectors.html
  3. ↑ http://www.riyadbank.com/English/AboutUs/ExecutiveManagement.html
  4. ↑ ArgaamPlus. "QNB, NCB top list of biggest GCC banks". ArgaamPlus. Retrieved 2017-04-05.
  5. 1 2 Oxford Business Group. The Report: Saudi Arabia 2008. Oxford Business Group. p. 72. ISBN 978-1-902339-00-9. Retrieved 18 September 2013.
  6. ↑ Financial.net, CPI. "Contactless payment bracelets launched in Saudi Arabia". CPI Financial. Retrieved 2018-03-13.
  7. ↑ "Riyad Bank launches Saudi Arabia's first contactless payment bracelets". LeapRate. 2018-03-12. Retrieved 2018-03-13.


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