Riyad Bank is a modern financial services company with a strong and growing retail and corporate banking franchise in Saudi Arabia. It is one of the largest financial institutions in the Middle East.
Operational performance

Our retail customers are attracted to the Bank's innovative approach to consumer finance products and investment products alike. For example, we offer the best deal on credit cards in the Kingdom as a result of an industry-leading initiative. We are also proud of the continuing recognition given to the performance of our full suite of mutual fund products.

This resulted in the Bank winning, for the 5th consecutive year, the highest number of investment awards, including "Best Manager". Our full service approach is delivered through an accessible network of 200 branches and more than 550 Automated Teller Machines (ATM's). Customers who demand more convenience are offered our recently enhanced telephone, internet and mobile banking services. Our business customers are offered a comprehensive range of corporate banking services through a highly-trained team of relationship managers based in the major conurbations. Recent innovations in this business include an industry-leading electronic trade finance product, Riyad TradeFinance' accessible via a secure internet site. The Bank is also an acknowledged leader in the area of corporate banking & finance in the region for the Oil, Gas and Petrochemical sector. The Bank's substantial capital base has enabled us to play a primary role in syndicated loans totaling more than SR 48 billion. The international banking needs of our clients are supported by branches and offices in London, Houston and Singapore.

Financial Strength

Total assets for the end of December 2003 exceed SR 70 billion and shareholder's equity is approaching SR 9 billion. The customer deposit have risen again to SR 45.8 billion and loans have grown to almost SR 28 billion with excellent asset quality.