Riyad Bank
Riyad Bank is a Saudi Arabian Shariah-compliant financial institution serving retail, private, MSME, and corporate customers through branches, digital channels, and subsidiaries including Riyad Capital and Jeel fintech.
- Company typePublic
- Founded1957
- HeadquartersRiyadh, Saudi Arabia
- Headcount5,001–10,000
- GTM typeB2B and B2C
- OfferingServices
Riyad Bank firmographics
Firmographics- Name
- Riyad Bank
- Legal name
- Riyad Bank (بنك الرياض)
- Website
- https://riyadbank.com
- Company type
- Public
- Founded year
- 1957
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Riyad Bank is a Saudi Arabian Shariah-compliant financial institution serving retail, private, MSME, and corporate customers through branches, digital channels, and subsidiaries including Riyad Capital and Jeel fintech.
- Ownership category
- akta.pro rank
Riyad Bank industry classification
Industry- Product category
- Commercial Banking
- NAICS
- Portfolio Management and Investment Advice (523940), Funds, Trusts, and Other Financial Vehicles (525)
- SIC
- National Commercial Banks (6021)
- akta.pro primary industry
- Islamic SME & Commercial Banking (FSABAGAB)
- akta.pro secondary industries
- Islamic Corporate Banking (FSABAGAC), Islamic Investment Banking & Capital Markets Services (FSABAGAG), Islamic Deposit & Account Products (Current/Savings/Investment Accounts) (FSABAGAI), Registered Investment Advisor (RIA) Wealth Management (FSAEABAA)
Keywords
Where Riyad Bank is headquartered
LocationHeadquarters
- HQ city
- Riyadh
- HQ country
- Saudi Arabia
- HQ region
- Middle East
Offices4 records
Markets served
Riyad Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Supply Chain
Revenue model
- Net Interest Income: Interest income from Islamic financing products (Murabaha, Tawarruq, Ijara) and income from investment securities, representing core banking revenue from loan portfolio expansion.
- Fee and Commission Income: Fees from personal finance, auto leasing, mortgage financing, credit cards, trade finance services, and account maintenance charges.
- Corporate Banking Services: Syndicated loans, project finance, working capital financing, and cash management solutions for corporate and institutional clients.
- Treasury and Investment Services: Foreign exchange services, structured products, Islamic banking products, and international banking services through Riyad Capital subsidiary.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Government Sector Personal Finance (Tawarruq) |
| Subscription | Monthly | Private Sector Personal Finance (Tawarruq) |
| Unit Pricing | Monthly | Auto Lease - New Cars (with salary transfer) |
| Unit Pricing | Monthly | Auto Lease - Used Cars (without salary transfer) |
| Subscription | Monthly | Mortgage - First Home (Murabaha) |
| Subscription | Monthly | Islamic Savings Account |
| Subscription | Monthly | World Elite Mastercard Credit Card |
| Usage-based | Pay-as-you-go | Corporate Working Capital Financing |
Go-to-market motion2 records
Distribution channels8 records
Marketing channels9 records
Riyad Bank product offering
Product offeringCore offering
Riyad Bank is a Saudi Arabian public shareholding bank providing Shariah-compliant retail, corporate, MSME, and investment banking services. Its product suite includes current and savings accounts, Tawarruq personal finance, auto-leasing, mortgages, credit cards, corporate trade finance, and cash management, supported by Riyad Online, Riyad Mobile, ATMs, and Riyad Line phone banking. The bank also operates the Riyad Capital investment subsidiary, the Jeel fintech innovation arm, and the TOKEN youth financial literacy platform.
Product overview
Riyad Bank offers a comprehensive digital-first banking platform across retail, corporate, and investment segments. The core digital banking infrastructure includes Riyad Online (internet banking), Riyad Mobile (iOS/Android app), Riyad Line (phone banking), and an extensive ATM network. Key products include AlFursan credit cards with travel rewards, Tawarruq and Dafa'at personal finance programs, auto-leasing, and mortgage solutions. The bank operates innovation subsidiary Jeel for fintech partnerships and blockchain initiatives, while TOKEN provides children's financial education banking. Additional services include Hassad Rewards loyalty program, Qasset installment payments, SARIE instant payments, corporate cash management, trade finance, and investment services through Riyad Capital.
Differentiator
Problem solved
Functional benefit
Brands
- Al Hilal: Islamic banking brand offering a range of Shariah-compliant financial products and services, including credit cards and loyalty programs.
- Hassad
- Jeel
- TOKEN
Products and services
- Riyad Online
Quantifiable outcome
- 15% total asset growth to SAR 519 billion in 2025
- +3 more outcomes
Companies that use Riyad Bank
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles4 records
Riyad Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
Feature4 records
Riyad Bank partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered flagship, core and strategic.
- Ripple (via Jeel innovation subsidiary)flagshipRiyad Bank's innovation arm Jeel partnered with Ripple to explore blockchain applications including cross-border payments, digital asset custody, and asset tokenization. The collaboration develops proofs-of-concept within Jeel's regulatory sandbox, aligning with Saudi Vision 2030 financial modernization objectives. Multiple sources confirm this partnership focusing on improving international remittance speed, transparency, and compliance.
- MambucoreJeel (Riyad Bank subsidiary) partnered with Mambu, a global cloud-native core banking platform, to launch the Jeel Sandbox - Saudi Arabia's first fintech sandbox accelerator. Built on Mambu's composable banking architecture and hosted on Google Cloud Platform, the platform provides a secure environment for fintechs to test digital solutions in compliance with SAMA regulations.
- Google Pay/Google WalletstrategicRiyad Bank partnered with Google to launch Google Pay and Google Wallet services in Saudi Arabia, announced at Money20/20 Middle East fintech event in Riyadh alongside Al Rajhi Bank.
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
Riyad Bank competitors and assessment
Company assessmentPeers
Direct peers
- Al Rajhi Bank: Largest Islamic bank in Saudi Arabia and Riyad Bank's closest direct competitor across retail, MSME, and corporate Islamic banking. Competes head-to-head in personal finance (Tawarruq), mortgages, auto leasing, and Vision 2030 project financing consortia.
- Saudi National Bank (SNB): Saudi Arabia's largest bank by assets, formed via NCB-Samba merger. Competes with Riyad Bank across all segments including retail Islamic banking, corporate lending, and as a fellow consortium member in mega-project financings like the SAR 16B SEC facility.
- Banque Saudi Fransi: Major Saudi commercial bank competing in retail, corporate, and investment banking. Participated alongside Riyad Bank in the SEC SAR 16B Murabaha consortium, indicating direct overlap in Shariah-compliant corporate lending and syndicated deals.
- Arab National Bank: Saudi commercial bank offering retail, corporate, and investment banking services. Fellow consortium member in the SEC SAR 16B facility, competing directly with Riyad Bank for corporate and project finance mandates.
- Alinma Bank: Shariah-compliant Saudi bank and direct competitor in Islamic retail and corporate banking. Riyad Bank serves as Payment Administrator for Alinma Bank's SAR 5B Tier 1 sukuk, illustrating close industry overlap in Saudi Islamic finance.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Riyad Bank social profiles
Digital presenceRiyad Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Riyad Bank leadership team
Management profileNumber of profiles
Profiles1 record
Riyad Bank subsidiaries and ownership
Company hierarchySubsidiaries4 records
Riyad Bank funding detail
Funding detailFunding overview
Funding rounds2 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Riyad Bank M&A and investment
M&A and investmentM&A1 record
Investments29 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Riyad Bank
What does Riyad Bank do?
Riyad Bank is a Saudi Arabian public shareholding bank providing Shariah-compliant retail, corporate, MSME, and investment banking services. Its product suite includes current and savings accounts, Tawarruq personal finance, auto-leasing, mortgages, credit cards, corporate trade finance, and cash management, supported by Riyad Online, Riyad Mobile, ATMs, and Riyad Line phone banking. The bank also operates the Riyad Capital investment subsidiary, the Jeel fintech innovation arm, and the TOKEN youth financial literacy platform.
Is Riyad Bank a public or private company?
Riyad Bank is a public company. It is classified as public and is currently operating.
When was Riyad Bank founded?
Riyad Bank was founded in 1957. It employs 5,001 to 10,000 people.
Where is Riyad Bank based?
Riyad Bank is headquartered in Riyadh, Saudi Arabia, in the Middle East region.
How does Riyad Bank make money?
Four revenue lines are on record. Net Interest Income is the primary driver. The others are fee and Commission Income, corporate Banking Services and treasury and Investment Services.
Who are Riyad Bank's main competitors?
Bank AlBilad is listed as a peer. Direct peers are Al Rajhi Bank, Saudi National Bank (SNB), Banque Saudi Fransi, Arab National Bank and Alinma Bank.
Does Riyad Bank have an API?
No public API is recorded for Riyad Bank.
What industry is Riyad Bank in?
Riyad Bank's product category is Commercial Banking. Its primary akta.pro industry code is FSABAGAB, Islamic SME & Commercial Banking, with a secondary code of FSABAGAC, Islamic Corporate Banking. Its NAICS code is 523940 and its SIC code is 6021.