Riyad Bank (RIBL) – Introduction and background |
Riyad Bank SJSC is one of the largest financial institutions in Saudi Arabia, providing a range of banking and investment services. It operates through a network of branches in its home country, the United Kingdom, and the United States, and it has a representative office in Singapore.
Established in 1957, Riyad Bank operates under the leadership of CEO Tariq Al-Sadhan with its headquarters in Riyadh, the Kingdom of Saudi Arabia. The bank operates under four main segments: retail, investment, corporate, and treasury and investment banking. Out of these four, corporate and retail banking represent the majority of sales. The bank also provides swap-free banking products, prepaid, reward, and credit cards, and digital banking services.
Riyad Bank is listed on the Saudi Arabian Stock Exchange (Tadāwul) under the ticker symbol RIBL. It has enjoyed a relatively strong performance over the years, bouncing back from its recent dip at the start of the pandemic in the Spring of 2020. Shareholders can enjoy dividends that are paid out twice a year.
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