Riyadh Bank

Riyadh Bank is a Saudi bank headquartered in the King Abdullah Financial District (KAFD) in the city of Riyadh.[10]

The bank was licensed by Council of Ministers Resolution No. (91) dated 1/5/1377 AH, holds commercial registration No. 1010001054, and is subject to the supervision and oversight of the Saudi Central Bank.[10]

An office tower in the city of Riyadh within the King Abdullah Financial District (KAFD) became the headquarters of Riyadh Bank under a purchase agreement the bank signed on 27 April 2021, and the tower comprises 53 floors rising an estimated 264 meters.[3]

The headquarters is located on the Financial Boulevard in the Al-Aqiq district, the bank's registered national address.[10]

The board of directors of Riyadh Bank is chaired by Engineer Abdullah bin Mohammed Al-Issa,[2] and Nader bin Sami Al-Koraya serves as chief executive officer.[1]

Tariq bin Abdulrahman Al-Sadhan served as chief executive officer during the period that saw the bank's purchase of its headquarters in the King Abdullah Financial District in 2021.[3]

Riyadh Bank's net profit reached 3,011 million riyals in 2007, against 2,909 million riyals in 2006, and it recorded a net profit of 441 million riyals by the end of the first quarter of 2009, when it was the fourth-largest Saudi bank.[6][9]

In the third quarter of 2014, net profit reached 1,076 million riyals, up 7.82% on the corresponding quarter, and it reached 4,049 million riyals in 2015, against 4,352 million riyals in 2014.[7][5]

Riyadh Bank's share trades on Saudi Tadawul under the symbol 1010, and the bank's extraordinary general assembly approved in May 2014 an increase of its capital by granting free shares to shareholders.[11][8]

For the first half of 2021, the bank distributed cash dividends totaling 1,500,000,000 riyals across 3,000,000,000 shares eligible for profits, at 0.50 riyals per share.[4]

On 16 September 2025, Riyadh Bank signed a cooperation agreement with the Saudi Export-Import Bank, under which the latter issues bank guarantees in favor of Riyadh Bank in support of export financing for small and medium enterprises.[1]

On 8 May 2025, a cooperation agreement was concluded between the Fund of Martyrs, the Wounded, the Captives and the Missing and Riyadh Bank, under the patronage of the governor of the Saudi Central Bank, Ayman bin Mohammed Al-Sayari, and it aims to provide support undertaken by the bank for more than 5,000 beneficiaries of the fund.[2]

Q: What is Riyadh Bank and on what basis is it licensed? A: It is a Saudi bank licensed by Council of Ministers Resolution No. (91) dated 1/5/1377 AH, and it is subject to the supervision and oversight of the Saudi Central Bank.[10]

Q: Where is Riyadh Bank's headquarters? A: In the King Abdullah Financial District (KAFD) on the Financial Boulevard in the Al-Aqiq district of the city of Riyadh, in a tower of 53 floors rising an estimated 264 meters that became the bank's headquarters in 2021.[3][10]

Q: What is the ticker symbol of Riyadh Bank's shares? A: Symbol 1010.[11]

Q: Who leads Riyadh Bank? A: The chairman of the board of directors, Engineer Abdullah bin Mohammed Al-Issa, and the chief executive officer, Nader bin Sami Al-Koraya.[2][1]

Riyadh Bank combines a regulatory foundation extending since the licensing resolution of 1/5/1377 AH, a headquarters in the King Abdullah Financial District in the city of Riyadh, and a financial record and dividends documented over the years.[10][4]

Related topics on the platform include Saudi National Bank and Al Rajhi Bank.