Website	http:// www.riyadbank.com
Physical Address	King Abdul Aziz Road , PO Box 22622 , Riyadh 11416 , Saudi Arabia
Phone	3030-401-1-966
Fax	2707-404-1-966
Email	abdullah.al-shehri@riyadbank.com

Classification Level	Name of Sector
Economic Sector	Financials
Business Sector	Banking & Investment Services
Industry Group	Banking Services
Industry	Banks

Date	Value ( hallalah)	Type
24 Mar 2021	50	Cash
Tr 12 Months	50
2019 - 2020	70
2018 - 2019	77

Board of Directors

Board and Management

Name	Designation	Since Appointment
Tareq A. Al Sadhan	Chief Executive Officer	2 Yrs, 1 Mo
Abdullah Mohammed Al-Issa	Chairman, Director	1 Yr, 7 Mos
Abdullah Ali Al-Oraini	Chief Financial Officer	2 Yrs
Mohammed Abdulaziz Al-Afaleq	Director	-
Ibrahim Hassan Sharbatly	Director	5 Yrs
Nader Ibrahim Al-Wehibi	Director	-
Mutaz Kusai Al-Azzawi	Director	-
Jamal Abdul Karim Abdul Karim Al Rammah	Director	4 Yrs, 6 Mos
Ibrahim Hassan Abbas Sharbatly	Director	-
Muhammad Omeir Aaed Al Oteibi	Director	-
Mohammed Omair Ayed Al-Otaibi	Independent Director	-
Abdul-Rahman Amin Jawa	Independent Director	-
Mohammed Talal Al-Nahas	Independent Director	-
Talal Ibrahim Al-Qudaibi	Independent Director	5 Yrs
Mohammed Abdullah Al Yahya	Chief Operating Officer	3 Yrs

Profiles

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 SAR22.74 is SAR1,150, including a capital gain of SAR80 and dividend reinvested of SAR70.

Abdullah Mohammed Al-Issa
Chairman & Director
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 Chairman: The present value of SAR1,000 invested on the appointment date of October 09, 2019 at close price of SAR21.66 is SAR1,201, including a capital gain of SAR134 and dividend reinvested of SAR67.

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 2 years the average annualized return to shareholders was 2.5%. The present value of SAR1,000 (PV1000) invested 2 years ago is now SAR1,050, a loss of SAR16 and dividend reinvested of SAR66.

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:
Since appointment as Director: The present value of SAR1,000 invested on the appointment date of October 31, 2016 at close price of SAR9.0 is SAR3,117, including a capital gain of SAR1,728 and dividend reinvested of SAR389.

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 23.8%. The present value of SAR1,000 (PV1000) invested 5 years ago is now SAR2,913, a gain of SAR1,447 and dividend reinvested of SAR466.

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.

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.

Muhammad Omeir Aaed Al Oteibi
Director
Mohammad Omair Al-Otaibi
Board Member
Member of the Risk Management Committee
Member of the Audit Committee
Member of the Board of Directors of Riyad Bank since 2016, representing the Public Investment Fund. He holds a Master 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, Ireland, with more than 30 years of experience in transportation and banking sectors.
Mr. Al-Otaibi is currently the Chairman of the Board of Directors of the National Gas and Industrialization Co. and holds Board membership in various companies, including Abdullah Saad Mohammed Abo Moati for Bookstores Co., Al-Yamamah Steel Industries Co., and the Saudi Re for Cooperative Reinsurance Co.

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 23.8%. The present value of SAR1,000 (PV1000) invested 5 years ago is now SAR2,913, a gain of SAR1,447 and dividend reinvested of SAR466.

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.

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 3 years the average annualized return to shareholders was 29.4%. The present value of SAR1,000 (PV1000) invested 3 years ago is now SAR2,182, a gain of SAR960 and dividend reinvested of SAR222.

News Archives (Jun 2017 - Jan 2021)

Dividends

July 11 2019: Riyad Bank announces the distribution of cash dividend for First Half 2019
Riyad Bank announces the Board of Directors' resolution to distribute cash dividends to shareholders for the first half of 2019
Source: mubasher.info

January 17 2019: Riyad Bank announces dividend
Riyad Bank today announced a cash dividend of 40.0 hallalah per share. The ex dividend date is Wednesday, March 20.

December 18 2018: Riyad Bank Board of Directors recommends distribution of cash dividends to Shareholders for the second half of 2018
The entitlement of the dividends shall be for the shareholders registered in the Banks share registry at the Depository Center (SDC) at the end of the second trading day following the General Assembly Meeting day that will be announced later.
Source: mubasher.info

July 06 2018: Riyad Bank announces the distribution of dividend for period Riyad Bank announces the distribution of dividends to the Shareholders for the first half of 2018
Riyad Bank announces the recommendation of the Board of Directors on 17/10/1439H corresponding to 01/07/2018G, the distribution of cash dividends to the shareholders of the Bank for the first half of 2018 as follows:
1.Total distribution amount: SAR 1,110 Million.
2. Distribution per share: SAR 0.37
3. Distribution ratio of the nominal value per share 3.7%
4. Number of shares eligible for dividends: 3,000,000,000 shares.
5. The eligibility of dividends shall be for the shareholders owning shares on the due of Sunday 24/10/1439H as per Umm ALQura corresponding to 08/07/2018 and those shareholders registered in the Banks share registry at the Depository Center ( SDC ) at the end of the second trading day following the due date.
6. Dividend Pay Date: 10/11/1439H corresponding to 23/07/2018G
We would like to draw the attention of the non-resident foreign investors that the cash dividend distribution which is transferred by the resident financial broker is subject to (when transferred or credited to the bank account) withholding tax of 5%, in accordance with the provisions of article 68 of the income tax law and article 63 of its implementing regulation.
Source: mubasher.info

July 04 2018: Riyad Bank announces dividend
Riyad Bank today announced a cash dividend of 37.0 hallalah per share. The ex dividend date is Monday, July 09, 2018 and the record date is Tuesday, July 10, 2018 and it is payable on Monday, July 23.

December 29 2017: Riyad Bank Board of Directors recommends distribution of cash dividends to Shareholders for the second half of 2017
Riyad Bank announces that the Board of Directors has recommended on 28-12-2017G corresponding to 10-04-1439H to the General Shareholders Meeting of the Bank to be held in the first quarter of 2018, the distribution of cash dividends for the second half of the year ending 31 December 2017 as follows:
Source: mubasher.info

December 28 2017: RIBL distributes dividends for Second Half of 2017 (TASI)
Riyad Bank distributes SAR 0.38 cash dividends per share for Second Half of 2017. Distribution date shall be announced later.
Source: Arab Stock Market Analysis

August 15 2017: Riyad Bank announces the launching its service to inquire about dividends not-received on the bank's website
In order to safeguard the rights and the interests of the shareholders of Riyad Bank, the Bank hereby announces to its shareholders that a list of the shareholders who have not received their dividends for previous years has been made available on the Bank's website.
Source: mubasher.info

June 23 2017: Riyad Bank announces the distribution of dividends to the Shareholders for the first half of 2017
Riyad Bank announces that the Board of Directors has recommended on 25/09/1438H corresponding to 20/06/2017G, the distribution of cash dividends for the first half of 2017 as follows:
1.Total distribution amount : SAR 1,050 Million.
2.Distribution per share: SAR 0.35
3.Distribution ratio of the nominal value per share 3.5%
4.Number of shares eligible for dividends : 3,000,000,000 shares.
5.The eligibility of dividends shall be for the shareholders owning shares on the due of Sunday 08/10/1438H as per Umm ALQura corresponding to 02/07/2017 and those shareholders registered in the Banks share registry at the Depository Center ( SDC ) at the end of the second trading day following the due date.
6. Dividend Pay Date: 16/07/2017
Source: mubasher.info

June 21 2017: Riyad Bank announces dividend
Riyad Bank today announced a cash dividend of 35.0 hallalah per share. The ex dividend date is Monday, July 03, 2017 and it is payable on Sunday, July 16.

Press Releases

January 21: Riyad Bank announces the commencement of the offer of its Tier 2 Sukuk
With reference to the announcement from Riyad Bank (the "Bank") published on the website of the Saudi Stock Exchange (Tadawul) on 19-1-2021G (corresponding to 6-6-1442H), relating to the intention of the Bank to establish a domestic SAR-denominated Sukuk issuance programme of up to SAR 10 billion and its intention to issue senior and/or subordinated Sukuk including the issuance of Tier 2 capital-eligible Sukuk, the Bank would like to announce the commencement of the offer of Tier 2 capital-eligible Sukuk.
Source: mubasher.info

January 20: Riyad Bank announces intention to issue Tier 2 Sukuk.
Riyad Bank (the "Bank") announces its intention to establish a domestic SAR-denominated Sukuk issuance programme of up to SAR 10 billion (the "Sukuk Programme") for the purpose of issuing and offering senior and/or subordinated Sukuk including the issuance of Tier 2 capital-eligible Sukuk (the "Tier 2") in one or more tranches or through one issuance or a series of issuances and its intention to issue Tier 2 Sukuk under the Sukuk Programme by way of private placement in the Kingdom of Saudi Arabia (the "Potential Offer").
Source: mubasher.info

November 03 2020: Events Calendar: Riyad Bank announces hosting 2020 third quarter earnings conference call
As part of Riyadh Bank initiatives to increase transparency and disclosures, Riyad Bank will organize on Monday 2 November 2020 its Q3 2020 financial results earnings conference call with investors, analysts and investment houses, to discuss the results of Q3 2020.
Source: mubasher.info

August 08 2020: Events Calendar: Riyad Bank Announces an update in regard to hosting its 2020 second quarter earnings conference call
On Tuesday July 28, 2020 Riyad Bank hosted its Q2 2020 financial results earnings conference call with investors, analysts and investment houses, locally and internationally, to discuss the results of Q2 2020.
Source: mubasher.info

July 28 2020: Events Calendar: Riyad Bank announces hosting 2020 second quarter earnings conference call
As part of Riyadh Bank initiatives to increase transparency and disclosures, Riyad Bank will organize on Tuesday 28 July 2020 its Q2 2020 financial results earnings conference call with investors, analysts and investment houses, to discuss the results of Q2 2020.
Source: mubasher.info

May 20 2020: Events Calendar: Riyad Bank announces hosting 2020 first quarter earnings conference call
As part of Riyadh Bank initiatives to increase transparency and disclosures, Riyad Bank will organize on Tuesday May 19, 2020 its Q1 2020 financial results earnings conference call with investors, analysts and investment houses, to discuss the results of Q1 2020.
Source: FPT Securities

May 20 2020: Events Calendar: Addendum Announcement from Riyad Bank in regard to hosting 2020 first quarter earnings conference call
On Tuesday May 19, 2020 Riyad Bank hosted its Q1 2020 financial results earnings conference call with investors, analysts and investment houses, locally and internationally, to discuss the results of Q1 2020.
Source: FPT Securities

March 31 2020: Quarterly Activities Report: Riyad Bank Cash Balance decreases 10.2%
The Cash Burn of operating activities was SAR4,497,150,000 in the quarter ended March 31, 2020. This corresponds to an average Cash Burn Rate of SAR1,499,050,000 per month. To support this Cash Burn Rate, the cash balance of SAR21,085,973,000 as at March 31, 2020 should be adequate till May 26, 2021.

December 20 2018: Announcement from Riyad Bank on the outcome of the settlement of zakat claims with the General Authority of Zakat and Tax.
The Bank announces that it reached an agreement with the General Authority of Zakat and Tax on the settlement of zakat claims for previous financial years up to the end of the fiscal financial year 2017 against payment of an amount SAR 2,969,722,864. The Bank would like to clarify that the settlement would result in a change in shareholder's equity amounting to a decrease of SAR 787,348,165. The settlement will also include the fiscal financial year 2018, and the Bank will disclose the amount due in the subsequent financial statements.
Source: mubasher.info

October 09 2018: Riyad Bank announces the redemption of its SAR 4 billion Sukuk due 2020
Riyad Bank is pleased to announce its intention to call (redeem) its SAR 4 billion Sukuk due 2020 ("Sukuk") (Tadawul Code: 1011 -Riyad Bank Sukuk), in full, at their face value (100% of issue price) at the end of year 5 (11 November 2018).
Source: mubasher.info

August 01 2018: Addendum announcement from Development Works Food Co. related to .
Further to the announcement published on Tadawul's website on 26-07-2018 related to. Development Works Food Co. announces addendum as :.
Source: mubasher.info

July 25 2018: Addendum announcement from Riyad Bank related to the interim financial results for the period ending on 30-06-2018 (Six Months)
Further to the announcement published on Tadawul dated July 17, 2018, Riyad Bank wishes to provide additional information as below: Other Notes: - The External Auditors reviewed the Financial Statements and issued an unmodified report.
Source: mubasher.info

May 16 2018: Riyad Bank: Ramadan Charity Caravan of Riyad Bank completed its First Decade
iyad Bank launched its Ramadan Charity Caravan, coinciding with the holy month of Ramadan, which completed its tenth year of continuous support to needy families across our country during the holy month of Ramadan. Over the span of nine years, which began in 2008 and continued without interruption, 23,798 food baskets were distributed to families in need in all areas of the country and more than 942 of the bank's staff have volunteered in distributing such baskets.
The caravan of 2018 aims to increase the number of the beneficiary families in accordance with the Bank's commitment to its social responsibility and to increase solidarity values among the community members. The caravan has prepared 5500 food baskets this year, containing various basic food items to be distributed in the Kingdom's governorates and cities.
Source: Company Website

March 13 2018: Faisal bin Bandar honors Riyad Bank for its sponsorship of 'Book of the Year' Award
His Royal Highness Prince Faisal Bin Bandar Bin Abdulaziz, Governor of Riyadh, has recently honored Riyad Bank in recognition of its sponsorship of the 'Book of the Year' Prize for ten years in a row. His Highness also honored the winners in its tenth edition: Abdulaziz Al-Manei author of "In Al-Mutanabi's Footsteps" and Mohamad Al-Shamrani author of "Six Minutes.Biography of Deliberate Mistakes".
"The award itself holds a huge cultural value, and we support such awards particularly those related to cultural clubs due to their high level of quality and innovation," stated His Highness Governor of Riyadh, "and the naming of 'Book of the Year' denotes appreciation of the book." He also clarified that Vision 2030 focuses on the intellect and it will undoubtedly elevate those intellects to levels that would help advance the citizens and the homeland alike in all walks of life.
The Cultural Club Chair of Board Dr. Saleh Abdulaziz A-Mahmoud expressed his appreciation and gratitude to the Governor of Riyadh for his patronage of the cultural movement in the region and to Riyad Bank for its strategic partnership with this award since its inception.
Similarly, Riyad bank expressed its gratitude and appreciation to the Governor of Riyadh, while emphasizing that celebrating the Saudi authors and talents is at the core of the bank's community services provided to the society, where the bank commits itself to community service through more than 700 programs over the past ten years.
The winner Mohamad Al-Shamrani said, "I am so proud to be part of this award, and it is undoubtedly a great addition to my writing career as I believe this award will bring about a huge difference to my writing experience." The winner added, "I have never planned or expected to win this award."
Source: Company Website

March 11 2018: Faisal bin Bandar honors Riyad Bank for its sponsorship of 'Book of the Year' Award
His Royal Highness Prince Faisal Bin Bandar Bin Abdulaziz, Governor of Riyadh, has recently honored Riyad Bank in recognition of its sponsorship of the 'Book of the Year' Prize for ten years in a row. His Highness also honored the winners in its tenth edition: Abdulaziz Al-Manei author of "In Al-Mutanabi's Footsteps" and Mohamad Al-Shamrani author of "Six Minutes.Biography of Deliberate Mistakes".
"The award itself holds a huge cultural value, and we support such awards particularly those related to cultural clubs due to their high level of quality and innovation," stated His Highness Governor of Riyadh, "and the naming of 'Book of the Year' denotes appreciation of the book." He also clarified that Vision 2030 focuses on the intellect and it will undoubtedly elevate those intellects to levels that would help advance the citizens and the homeland alike in all walks of life.
The Cultural Club Chair of Board Dr. Saleh Abdulaziz A-Mahmoud expressed his appreciation and gratitude to the Governor of Riyadh for his patronage of the cultural movement in the region and to Riyad Bank for its strategic partnership with this award since its inception.
Similarly, Riyad bank expressed its gratitude and appreciation to the Governor of Riyadh, while emphasizing that celebrating the Saudi authors and talents is at the core of the bank's community services provided to the society, where the bank commits itself to community service through more than 700 programs over the past ten years.
The winner Mohamad Al-Shamrani said, "I am so proud to be part of this award, and it is undoubtedly a great addition to my writing career as I believe this award will bring about a huge difference to my writing experience." The winner added, "I have never planned or expected to win this award."
Source: Company Website

March 08 2018: Riyad Bank Awarded Best Bank in Saudi Arabia for 2017
EMEA Finance, a magazine specialized in monitoring and analyzing the financial, banking and investment activities in Europe, the Middle East and North Africa, has awarded the best bank prize to Riyad Bank for the year 2017.
In the presence of senior executive personnel in various banking sectors, Riyad Bank has received the prize during a ceremony sponsored by EMEA Finance to honor and recognize the best financial and banking institutions in the Middle East.
Winning this prize comes to assert the continuation of Riyad Bank's local and regional accomplishments. It is worth mentioning that Riyad Bank won the same prize for the years 2013 and 2014. EMEA Finance majors in publishing analyses of corporate investments as well as retail banking services. Besides the publication of the best advanced banking practices, EMEA Finance also publishes the banking and financial developments in the European, Middle Eastern and North African markets.
Source: Company Website

February 24 2018: Saudi Riyad Bank's Q4 profit up on lower impairment charges
Riyad Bank, Saudi Arabia's fourth-largest lender by assets, posted a huge rise in fourth-quarter net profit on Tuesday, beating analysts' forecasts, boosted by an easing of impairment charges for credit losses.
The bank made 974 million riyals ($259.7 million) in the three months to Dec. 31, up from 293 million riyals in the same period of 2016, it said in a bourse filing.
Source: Gulfbase

Monday, May 10, 2021