Riyad Bank is one of the largest financial institutions in Saudi Arabia and the Middle East, with a strong corporate and retail banking franchise.

Operational Performance

From retail banking to project finance, Riyad Bank has mobilized its substantial capital base and decades of expertise to assume a leading role in Saudi finance. The bank is a lead financier and arranger of syndicated loans in the oil, petrochemicals, power and water sector, including most of the kingdom’s notable infrastructure projects.

Our unique understanding of the Saudi economy, industry and market helps us to continually deliver a range of comprehensive financial services, through our accessible network of 234 branches. Additionally, RiyadNet our remote banking package uses the latest electronic technologies to address the banking needs of our customers on the go. Our continually enhanced telephone, internet, mobile phone banking services and more than 2,534 multifunction, strategically located, Automated Teller Machines offer customers unrivalled convenience and accessibility for their banking needs.

Our offices in London, Houston and Singapore, help us support the international banking needs of our clients.

Riyad Capital (Riyad Bank investment banking arm) in addition to being a lead player in the advisory and IPO business is one of the leading asset managers in Saudi Arabia, having won numerous investment awards in categories ranging from “best mutual fund performance” to “best fund manager”.

Financial Performance

Riyad bank has achieved SR 1,450 million as net income for the six months ended 2010 (2009: SR 1.359 million), with total operating income increasing to SR 2,997 million against SR 2,983 million last year.

Financial Strength

Total assets as at end of June 2010 reached SR 172.8 billion and shareholders’ equity reached SR 23.8 billion. Customer deposits have continued to rise to SR 122 billion and loans have grown to SR 104.6 billion. The Bank has continuously and consistently worked on improving its credit rating in the past few years. Standard & Poor’s Rating Agency raised its long-term liability rating for Riyad Bank to ‘A+’ and ‘A-1’ for short-term liability, the highest rating amongst local banks. This award followed an ‘A+’ rating for long-term liabilities and ‘F1’ credit ratings awarded for short-term liabilities, which again is the highest rating amongst local banks, by Fitch Ratings.

Additionally, Capital Intelligence Agency has awarded the Bank (AA-) for long-term liabilities and (A+) for short-term liabilities, the highest amongst local banks. These agencies have affirmed these ratings after confirming a stable outlook for the future of the Bank.