Forbes Middle East

6. Riyad Bank

CEO: Tareq A. Al Sadhan

-

Country: Saudi Arabia

Sales: $3.6 billion • Profits: $1.3 billion Assets: $82.7 billion • Market value: $21.1 billion Riyad Bank has a network of 341 branches in Saudi Arabia, as well as a branch in the U.K, an agency in the U.S., and a representa­tive office in Singapore. The bank employs 5,200 people. In April 2021, the bank bought a 53-floor office tower in Saudi’s King Abdullah Financial District that will serve as its new headquarte­rs. In May 2021, Riyad Bank signed a memorandum of understand­ing with Bab al-Khair Medical Services, which aims to establish the kingdom’s first non-profit hospital.

 ??  ??

Newspapers in English

Newspapers from United Arab Emirates