The Middle East’s
Top 100 Listed
Companies 2022
14. Riyad Bank
Country: Saudi Arabia
Sector: Banks & financial services
CEO : Tareq Al Sadhan
Market Value: $31.8 billion
Sales: $3.6 billion
Profits: $1.6 billion
Assets: $86.9 billion
Riyad Bank has 340 branches in Saudi Arabia, one in the U.K., an agency in the U.S., and a representative office in Singapore. The bank employs over 6,620 people. It completed the issuance of a SAR-denominated Tier 2 capital-eligible Sukuk valued at $800 million in February 2021 and another U.S. dollar-denominated Tier 1 capital Sukuk worth $750 million in February 2022. Riyad Bank signed an agreement with the Yanbu Chamber of Commerce and Industry in September 2021 to launch new products, initiatives, and financing solutions that can enhance the role of SMEs in achieving the Saudi Vision 2030.