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Native name | بنك الرياض |
---|---|
Company type | Public ( Tadawul: 1010) |
ISIN | SA0007879048
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Industry | Finance |
Founded | November 23, 1957 |
Headquarters | Riyadh, Saudi Arabia [1] |
Key people |
Abdullah Mohammed Al-Issa
Chairman
[2] Nadir S Al-Koraya CEO [3] |
Products | Financial services |
Total assets | 265,788,878,000 Saudi riyal (2019)
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Number of employees | 5,973 [4] |
Website | www.riyadbank.com |
Riyad Bank ( Arabic: بنك الرياض) is one of the largest financial institutions in Saudi Arabia, ranked fourth in assets. [5] [6]
It was established in 1957. [7] The Saudi government owns 51% of the shares of the firm. [7]
Like other Saudi commercial banks, Riyad Bank is supervised by the Saudi Central Bank. [8]
In June 2010, the homepage of the bank's website was hacked by hackers demanding the dismissal of the mayor of the province of Medina. [9]
In July 2013, Riyad Bank chose Calypso for the management of its global cash flows.
In March 2018, Riyad Bank launched contactless payment wristbands, using the Gemalto digital security solution. [10] [11]
In December 2018, Riyad Bank went into preliminary discussions with National Commercial Bank (NCB), the country's biggest lender by assets, to study a merger plan. After three weeks Riyad Bank hired Goldman Sachs to advise on the merger that would create the largest bank in the kingdom with $182 billion in combined assets. [5] [12]
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![]() | |
Native name | بنك الرياض |
---|---|
Company type | Public ( Tadawul: 1010) |
ISIN | SA0007879048
![]() |
Industry | Finance |
Founded | November 23, 1957 |
Headquarters | Riyadh, Saudi Arabia [1] |
Key people |
Abdullah Mohammed Al-Issa
Chairman
[2] Nadir S Al-Koraya CEO [3] |
Products | Financial services |
Total assets | 265,788,878,000 Saudi riyal (2019)
![]() |
Number of employees | 5,973 [4] |
Website | www.riyadbank.com |
Riyad Bank ( Arabic: بنك الرياض) is one of the largest financial institutions in Saudi Arabia, ranked fourth in assets. [5] [6]
It was established in 1957. [7] The Saudi government owns 51% of the shares of the firm. [7]
Like other Saudi commercial banks, Riyad Bank is supervised by the Saudi Central Bank. [8]
In June 2010, the homepage of the bank's website was hacked by hackers demanding the dismissal of the mayor of the province of Medina. [9]
In July 2013, Riyad Bank chose Calypso for the management of its global cash flows.
In March 2018, Riyad Bank launched contactless payment wristbands, using the Gemalto digital security solution. [10] [11]
In December 2018, Riyad Bank went into preliminary discussions with National Commercial Bank (NCB), the country's biggest lender by assets, to study a merger plan. After three weeks Riyad Bank hired Goldman Sachs to advise on the merger that would create the largest bank in the kingdom with $182 billion in combined assets. [5] [12]
{{
cite book}}
: |author=
has generic name (
help)