Established in 1957, Riyad Bank operates 333 branches in Saudi Arabia, a branch in London, an agency in Houston, and a representative office in Singapore. In September 2024, Riyad Bank completed its $750 million USD-denominated additional tier 1 capital sustainable sukuk issuance. In January 2025, it issued a $533.3 million SAR-denominated additional tier 1 capital sukuk. The bank’s net income increased by 15.9% in 2024 to hit $2.5 billion, while its total assets surged by 16.42% to $120.1 billion.