Forbes Middle East

9 RIYAD BANK

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Country: Saudi Arabia Sales: $3 B

Profits: $1.3 B Assets: $61.3 B Market Value: $23.8 B

Establishe­d in 1957, Riyadh Bank has a network of more than 340 branches, 79 of which are for women only. They have 5,600 employees, 93% of whom are Saudi nationals. The company is focusing on small and medium-sized enterprise­s funding. More than 39% of the total number of enterprise­s that have received credit facilities are from Saudi banks through the Kafalah funding Guarantee Program of the Saudi Government. They also support the startup scene in the Kingdom, sponsoring hackathons and startup forums.

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