Top Management and Board of Directors
Top Management
Top Management [Three top executives with tenure > 5 yrs]
| Name | Designation | Since Appointment |
|---|
| Tareq A. Al Sadhan | Chief Executive Officer | 5 Yrs |
| Abdullah Ali Al-Oraini | Chief Financial Officer | 5 Yrs, 3 Mos |
| Mohammed Abdullah Al Yahya | Chief Operating Officer | 6 Yrs, 3 Mos |
Top Management [One top executive with tenure < 5 yrs]
| Name | Designation | Since Appointment |
|---|
| Abdullah Mohammed Al-Issa | Non-Executive Chairman | 4 Yrs, 6 Mos |
Board Of Directors
Board Of Directors [Ten directors with tenure > 7 yrs]
| Name | Designation | Since Appointment |
|---|
| Jamal Abdul Karim Abdul Karim Al Rammah | Director | 7 Yrs, 5 Mos |
| Ibrahim Hassan Sharbatly | Director | 8 Yrs, 3 Mos |
| Talal Ibrahim Al-Qudaibi | Independent Director | 8 Yrs, 3 Mos |
| Mutaz Kusai Al-Azzawi | Director | - |
| Nader Ibrahim Al-Wehibi | Director | - |
| Mohammed Abdulaziz Al-Afaleq | Director | - |
| Ibrahim Hassan Abbas Sharbatly | Director | - |
| Abdul-Rahman Amin Jawa | Independent Director | - |
| Mohammed Omair Ayed Al-Otaibi | Independent Director | - |
| Mohammed Talal Al-Nahas | Independent Director | - |
Profiles of Top Management
Tareq A. Al Sadhan
CEO
Tareq Al Sadhan joined Riyad Bank in 2018 as a Senior Executive Vice President and the Chief Financial Officer. His appointment as President & Chief Executive Officer was issued by Riyad Bank's Board of Directors resolution on 01/04/2019.
Al Sadhan started his career with KPMG Saudi Arabia where he spent 18 years progressing through the ranks to became one of the youngest Partners in the history of KPMG. During his last five years at the company, he served as the CEO/Managing Partner and the Chairman of the Advisory Committee.
Prior to joining Riyad Bank, he served in the public sector in Saudi Arabia and held roles such as Advisor to the Chairman in the Saudi Fund for Development (SFD), Acting Director General at the General Authority for Zakat and Tax (GAZT), and Deputy Governor for Supervision at the Saudi Central Bank (SAMA).
Al Sadhan is an active member of various external organizations and holds a number of memberships as well as Board roles throughout his career. He is a member of the 2020 World Economic Forum's Stewardship Board for the Middle East and North Africa. He is also a Fellow of the American Institute of Certified Public Accountants (AICPA) and the Saudi Organization for Certified Public Accountants (SOCPA).
Al Sadhan holds a master's degree in Business Management from Ecole National des Ponts et Chaussees in France and received his bachelor's degree in Administration Science from King Saud University, majoring in Accounting.
Shareholder Value:
Creation of shareholder value in Riyad Bank:
Since appointment as CEO: The present value of SAR1,000 invested on the appointment date of April 01, 2019 at close price of SAR20.84 is SAR1,554, including a capital gain of SAR329 and dividend reinvested of SAR225.
Abdullah Mohammed Al-Issa
Non-Executive Chairman
Member of the Board of Directors of Riyad Bank since 2007 and has been the Chairman of Riyad Bank since October 2016. He holds a Bachelor's degree in Industrial Engineering and a Master's degree in Engineering Management from Southern Methodist University, USA, with extensive experience in management, investment and banking.
Mr. Al-Issa is currently the Chairman of the Board of Directors of Dur Hospitality Co., and Assila Investments, the Vice Chairman of Etihad Etisalat Co. (Mobily) and Clariant Co. (Switzerland), and the Chairman of the Board of Directors of Abdullah Mohammed Al-Issa Office (Consultant Engineers).
He is also a member of the Board of Directors of various companies, including Saudi Basic Industries Corp. (SABIC).
Shareholder Value:
Creation of shareholder value in Riyad Bank:
Since appointment as Non-Executive Chairman: The present value of SAR1,000 invested on the appointment date of October 09, 2019 at close price of SAR19.84 is SAR1,623, including a capital gain of SAR396 and dividend reinvested of SAR227.
Abdullah Ali Al-Oraini
CFO
Abdullah Al-Oraini joined Riyadh Bank as its Chief Financial Officer in 2019. His 16+ years of experience stems from diversified work engagements at the local and international banking sector to include MENA countries, such as UAE, Oman, and Egypt where he worked on mega projects concerning strategic financial and performance management, investor relations, capital and asset liability management, and mergers and acquisitions.
Prior to joining Riyad Bank, Al-Oraini held leadership positions at various banks, including Chief Financial Officer of AlAwwal Bank (formally known as Saudi Hollandi Bank), Head of Reporting, Asset and Liability Management and Investor Relations Department at the Saudi British Bank (SABB), Head of Capital and Liquidity Management at the National Commercial Bank (NCB).
Al-Oraini currently serves as the Chairman of Chief Financial Officers Committee at the Saudi Arabian Monetary Authority (SAMA) and Board Member and Chairman of Audit Committee at Riyad Capital and as an Active Member of several committees.
Al-Oraini holds a master's degree in Management Sciences from the University of Waterloo in Canada and a bachelor's degree in Science in Electrical Engineering from King Fahd University of Petroleum and Minerals.
Shareholder Value:
Creation of shareholder value in Riyad Bank:
Year of appointment: 2019
In the last 5 years the average annualized return to shareholders was 6.5%. The present value of SAR1,000 (PV1000) invested 5 years ago is now SAR1,370, a gain of SAR165 and dividend reinvested of SAR205.
Mohammed Abdullah Al Yahya
Chief Operating Officer
Mohammed Alyahya is the Chief Operating Officer at Riyad Bank since 2018. He has over 28 years of extensive experience in transforming banks and businesses into notable success.
Alyahya worked as a consultant for many organizations, spearheading mega projects concerning change management, organizational structure, IT solutions, and customer service, such as managing the implementation of a new Service Delivery Model program for the General Organization for Social Insurance (GOSI).
Previously, he worked at Bank AlBilad as the Chief Operating Officer, managing the reengineering and development of Bank policies, processes, and procedures as well as the restructuring of IT Architecture. Together with a team of experts, he led a successful turnaround of the bank from SAR 250M worth of losses in 2009 to around SAR 800M profit in 2015. His earlier work engagements include ACWA Power and the Saudi Arabian Monetary Agency (SAMA).
Alyahya holds a bachelor's degree in Computer Science from Eastern Michigan University and completed a number of executive education programs, such as the Advanced Management Program from INSEAD and the Management Development Program from the University of Michigan.
Shareholder Value:
Creation of shareholder value in Riyad Bank:
Year of appointment: 2018
In the last 5 years the average annualized return to shareholders was 6.5%. The present value of SAR1,000 (PV1000) invested 5 years ago is now SAR1,370, a gain of SAR165 and dividend reinvested of SAR205.
Profiles of Board of Directors
Jamal Abdul Karim Abdul Karim Al Rammah
Director
Member of the Board of Directors of Riyad Bank since 2016. He holds a Bachelor degree in Business and Economics, Harvard Executive Program from Harvard University, USA, in addition to several financial and administrative programs inside and outside the Kingdom.
Mr. Al-Rammah is a member of the Association for Financial Professionals and served as the Treasurer of the world's largest oil company The Saudi Arabian Oil Company (Saudi ARAMCO) and retired with more than 34 years of experience. He was in charge of various financial risk departments, reduced the impact of risk on the company at Saudi ARAMCO. He also managed the local and global pension fund's investments, insurance programs, financing programs, Joint ventures, subsidiaries and affiliates.
Furthermore, Mr. Al-Rammah held several senior positions in logistics and finance management, including the General Auditor of the Internal Audit Department, the General Controller of Accounts, the General Manager of the Financing and Development joint ventures local and global. Under his leadership, more than USD 25 Billion were financed and USD 3 Billion worth of Sukuk were issued.
Mr. Al-Rammah previously served as the Chairman of the Saudi Aramco Insurance (Stellar) and held several Board membership in other Saudi Aramco affiliates, subsidiaries local and international companies. He is also a member of many advisory and executive committees.
Shareholder Value:
Creation of shareholder value in Riyad Bank:
Date of appointment: October 31, 2016
In the last 5 years the average annualized return to shareholders was 6.5%. The present value of SAR1,000 (PV1000) invested 5 years ago is now SAR1,370, a gain of SAR165 and dividend reinvested of SAR205.
Mutaz Kusai Al-Azzawi
Director
Board Member
Chairman of the Nominations & Compensations Committee
Member of the Executive Committee
Member of the Board of Directors of Riyad Bank since 2016. He holds a Bachelor degree in Computer Engineering, King Saud University, with more than 22 years of experience in business, commerce and investment in the financial markets.
Mr. Al-Azzawi is a member of the Board of Directors of various companies, including Savola Group, Arabian Cement Co. and Herfy Food Services Co.
Ibrahim Hassan Sharbatly
Director
Member of the Board of Directors of Riyad Bank since 2016. He holds a Bachelor's degree in Business Administration from College of Commerce, Bristol UK, with extensive experience in business, investment and real estate development.
Mr. Sharbatly is currently the Chairman of the Board of Directors of the First Group International Company, and the Vice Chairman of Al-Nahla Group and the Saudi Arabian Marketing & Agencies Company Ltd (SAMACO), Al-Ameen Distinctive, Fast Auto Technic (Fast), and Jeddah Holding Company. He holds various executive and board membership positions in several companies.
Shareholder Value:
Creation of shareholder value in Riyad Bank:
Year of appointment: 2016
In the last 5 years the average annualized return to shareholders was 6.5%. The present value of SAR1,000 (PV1000) invested 5 years ago is now SAR1,370, a gain of SAR165 and dividend reinvested of SAR205.
Nader Ibrahim Al-Wehibi
Director
Member of the Board of Directors of Riyad Bank since 2011, representing General Organization for Social Insurance. He holds a Bachelor's degree with honors in Insurance and risk management from Indiana State University, USA, and a Master's degree in Social Protection Policies from Maastricht University, The Netherlands, with extensive experience in corporate planning and development.
Mr. Al-Wehibi is currently the Governor Assistant for Insurance Affairs at the General Organization for Social Insurance and a member of the Board of Directors at various companies, including Saudi Basic Industries Corp. (SABIC), Clariant Co. (Switzerland) & Mudad Company.
Ibrahim Hassan Abbas Sharbatly
Director
Member of the Board of Directors of Riyad Bank since 2016. He holds a Bachelor degree in Business Administration from College of Commerce, Bristol UK, with extensive experience in business, investment and real estate development.
Mr. Sharbatly is currently the Vice Chairman of Al-Nahla Group, the founder and Chairman of the Saudi Arabian Marketing & Agencies Company Ltd (SAMACO) and the First Group International Company. He holds various executive positions and board membership in several companies.
Mohammed Abdulaziz Al-Afaleq
Director
Member of the Board of Directors of Riyad Bank since 2004. He holds a Bachelor's degree in Industrial Management from King Fahd University of Petroleum and Minerals and a Master's degree in Business Administration from St. Edward's University, Austin, USA, with extensive experience in management and investment.
Mr. Al-Afaleq is currently the Chairman of the Executive Committee of Al-Hussein & Al-Afaleq Group of Companies, the CEO of a number of ِAhdaf Holding subsidiaries, chairman of AlNajah Company, a board member of Health Cluster company in Al Ahsa, in addition to a various companies, NGOs and social committees.
Abdul-Rahman Amin Jawa
Independent Director
Member of the Board of Directors of Riyad Bank since 2016, representing the Public Investment Fund. He holds a Bachelor degree in International Business Administration from Ohio University and the Advanced Management Program, Harvard University, Harvard Business School, USA, with extensive experience in banking and investment.
Mr. Jawa is currently the Chairman of the Board of Directors of the Saudi Company for Hardware (SACO).
Talal Ibrahim Al-Qudaibi
Independent Director
Member of the Board of Directors of Riyad Bank since 2016. He holds a Bachelor degree in Business Administration from Portland State University and a Master degree in Economics from University of Southern California, USA. Mr. Al-Qudaibi has more than 30 years of experience in international banking and investment.
Currently he is a member of Shura Council, previously held several positions as CEO of Riyad Bank from 2002 to 2016 and a member of the Board of Directors of Riyad Capital and board member of several financial institutions abroad.
Shareholder Value:
Creation of shareholder value in Riyad Bank:
Year of appointment: 2016
In the last 5 years the average annualized return to shareholders was 6.5%. The present value of SAR1,000 (PV1000) invested 5 years ago is now SAR1,370, a gain of SAR165 and dividend reinvested of SAR205.
Mohammed Talal Al-Nahas
Independent Director
Member of the Board of Directors of Riyad Bank since 2016, representing the Public Pension Agency. He holds a Bachelor's degree in Accounting from King Saud University and the Executive Management Program from University of Michigan, USA, with more than 32 years of experience in banking and business development.
Mr. Al-Nahas is currently the Governor of the Public Pension Agency, and the Chairman of the Board of Directors of Al Ra'idah Investment Company, Raza Company and Al Taawuniyah Real Estate Investment Co, and ASMA Capital and Dammam Pharma.
He is a member of the Board of Directors of various companies, including Saudi Telecom Co. (STC), Saudi Basic Industries Corp. (SABIC), Saudi Pharmaceutical Industries, Medical Appliances & Acwa Power Co., the National Center for Privatization, and the General Organization for Social Insurance, Public Pension Agency.
Mohammed Omair Ayed Al-Otaibi
Independent Director
Member of the Board of Directors of Riyad Bank since 2016, representing the Public Investment Fund. He holds a Master's degree in Business Administration from Western Michigan University, Advanced Management Program from Harvard University, Executive Management Program from University of Michigan, USA, and Strategic Management in Banking Program from International Development, Ireland, with more than 30 years of experience in transportation and banking sectors.
Mr. Al-Otaibi is a member of the Board of Directors of Saudi Re for Cooperative Reinsurance Co. & he is a member of the Audit Committee of Al-Mojel Co. for Trading & Contracting.
Glossary
ADVT: Average Daily Volume of shares Traded
Annual Return: Dividends Paid In a 12-Month Period/Price at the Beginning of the Period + Capital Gain or Loss over 1 Year/Price 1 Year Ago (%)
Capital Gain/Loss from n Years Ago to n-1 Years Ago: Capital Gain or Loss over 1 Year/Price 1 Year Ago (%)
Cash/MCap: Cash plus Liquids/Market Capitalisation (times)
Current Ratio: Current Assets/Current Liabilities (times)
Dividend Yield: Dividend Per Share/Share Price (%)
Earnings Yield: Earnings Per Share/Share Price (%)
Income during the n years (3/2/1): Dividends received during the Period
Moving Average Price (n periods): Sum of Prices for each Period/Number of Periods
PV1000: Present value of 1000 invested 1 year/'n' years ago
Price Close/Moving Avg Price: Latest Price/Moving Average Price
Price/Earnings: Share Price/Earnings Per Share (times)
Price/NTA: Closing Share Price/Net Tangible Assets Per Share (times)
Relative Price Change [RPC]: Relative price change is price change of stock with respect to Benchmark Index
Relative Strength (6 Months): Price close today/Price close 6 months ago, then ranked by percentile within the entire market.
Return on Assets: Net Profit/Total Assets (%)
Return on Equity (Shareholders' Funds): Net Profit/Net Assets (%)
TSR: Total Shareholder Returns is expressed as an annualized rate of return for shareholders after allowing for capital appreciation and dividend
TTM: Trailing 12 Months
Volume Index (VI): Number of shares traded in the period/Average number of shares traded for the period
Volume Weighted Average Price (VWAP): The Volume Weighted Average Price (VWAP) is the summation of turnover divided by total volume in the same period.
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