Riyad Bank
| Name | Riyad Bank | |
| Sector | Finance & Insurance - Commercial Banks | |
| Trading | Tadawul | |
| RIC Code | 1010.SE | |
| Location | SAUDI ARABIA |
Profile and Background
Riyad Bank was founded in 1957 with an initial capital of SR 50 million ($13.3 million). The Saudi private sector owns 71 per cent of the bank and the balance is held by Saudi government agencies. Its network includes 188 branches in Saudi Arabia.
In addition, to serve the international banking needs of its clients, it has established a full fledged branch in London, an agency office in Houston, Texas and a representative office in Singapore. The branch network is supported by 282 ATMs and 1,760 point-of-sale (POS) terminals.
It is a shareholder in Saudi International Bank (SIB), the London consortium bank now being taken over by Gulf International Bank (GIB). It is also a shareholder in Arab American Bank, Saudi Investment Bank and other international financial institutions.
Riyad Bank was established in 1957 as a full service commercial bank. It is the oldest publicly held bank in Saudi Arabia and is one of three 100 per cent Saudi owned banks in the Kingdom of Saudi Arabia.
Over the 10-year period ending in 1999, Riyad Bank has grown the size of its balance sheet from SR 42,500 million ($11,333 million) to SR 64,400 million ($17,173 million), representing an increase of 52 per cent.
Net income registered growth of over 300 per cent during the same period reaching SR 1,102 million ($294 million) in 1999. The bank says its financial strength is reflected by its above average asset quality and its large equity base, which increased by 74 per cent during the last 10 years, reaching SR 8,000 million ($2,133 million) by the end of 1999.
To serve the banking needs of high net worth clients, Riyad Bank has established Golden Service Centers within its selected branch locations. It offers a complete range of investment products and services to its clients, including local and international brokerage.
In addition, to serve the international banking needs of its clients, it has established a full fledged branch in London, an agency office in Houston, Texas and a representative office in Singapore. The branch network is supported by 282 ATMs and 1,760 point-of-sale (POS) terminals.
It is a shareholder in Saudi International Bank (SIB), the London consortium bank now being taken over by Gulf International Bank (GIB). It is also a shareholder in Arab American Bank, Saudi Investment Bank and other international financial institutions.
Riyad Bank was established in 1957 as a full service commercial bank. It is the oldest publicly held bank in Saudi Arabia and is one of three 100 per cent Saudi owned banks in the Kingdom of Saudi Arabia.
Over the 10-year period ending in 1999, Riyad Bank has grown the size of its balance sheet from SR 42,500 million ($11,333 million) to SR 64,400 million ($17,173 million), representing an increase of 52 per cent.
Net income registered growth of over 300 per cent during the same period reaching SR 1,102 million ($294 million) in 1999. The bank says its financial strength is reflected by its above average asset quality and its large equity base, which increased by 74 per cent during the last 10 years, reaching SR 8,000 million ($2,133 million) by the end of 1999.
To serve the banking needs of high net worth clients, Riyad Bank has established Golden Service Centers within its selected branch locations. It offers a complete range of investment products and services to its clients, including local and international brokerage.
Shareholding Groups
| Individuals | 15% |
| Institutions | N/A |
| Floating | N/A |
| Government | 29% |
Board Members (Listed in alphabetical order)
| Director | Abdulaziz S. Al Jarbou |
| Director | Abdulrahman H. Sharbatly |
| Director | Fahad A. Al Howaimel |
| Director | Fareed M. Zedan |
| Director | Ibrahim A. Bin Salamah |
| Director | Khalid M. Al Fayez |
| Director | Mohammed A Al Rayes |
| Director | Nabil I Al Bassam |
| Vice Chairman | Rashed A. Al Rashed |
| Chairman | Shaikh Mohammed A. Abalkhail |
Stock Performance
Market Information
| Stock | Saudi_Arabia Index | |
| Last Closing | SAR 64.5 | 3424.18 |
| YTD % |  22.261% |  0% |
| Weekly % | 13.694% | 5.55% |
| Year High | SAR 89.28 | 9083.39 |
| Year Low | SAR 46.52 | 3296.01 |
| 52 Week High | SAR 153.85 | 4532.55 |
| 52 Week Low | SAR 62.02 | 2983.01 |
| BETA | 0.66 | |
| Outstanding Shares | 625,000,000 | |
| Market Cap | SAR 40,312,500,000 | |
| Market Cap in $ | USD $10,750,000,000 | |
| % of Saudi_Arabia Market | 3.28% | |
| % of Sector | 8.77% | |
| Rank by Cap | 8 |
Key Figures in '000 SAR
| 2005 | 2004 | 2003 | |
| Total Assets | 80,078,689 | 74,246,950 | 71,506,962 |
| Shareholder's Equity | 10,091,361 | 9,046,648 | 8,546,245 |
| NIAT | 2,837,328 | 2,005,602 | 1,591,657 |
| Dividends | 800,000 | 1,440,000 | 1,360,000 |
Financial Ratios
| 2005 | 2004 | 2003 | |
| Assets Growth | 7.86% | 3.83% | 6.40% |
| Earning Growth | 41.47% | 26.01% | 12.38% |
| ROaA | 3.68% | 2.75% | 2.30% |
| ROaE | 29.65% | 22.80% | 18.80% |
| No. Of Shares | 100,000,000 | 80,000,000 | 80,000,000 |
| EPS | 28.37 | 25.07 | 19.90 |
| EPS Growth | 41.47% | 26.01% | 12.38% |
| Payout Ratio | 28.196 | 71.799 | 85.446 |
Valuation Ratios
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| PE | |
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| Div Yield | |
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