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Riyad Bank (RIBL) – Introduction and background |
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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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8th floor, CI Tower
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PO Box 93894
Abu Dhabi
United Arab Emirates
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Investing in CFDs involves a high degree of risk that you will lose your money due to the use of leverage, particularly in fast moving markets, where a relatively small movement in the price can lead to a proportionately larger movement in the value of your investment. This can result in loses that exceed the funds in your account. You should consider whether you understand how CFDs work and you should seek independent advice if necessary.
ADS Securities LLC – S.P.C (“ADSS”) is authorised and regulated by the Securities and Commodities Authority (“SCA”) in the United Arab Emirates under First Category: Dealing in Securities and Fifth category: Arrangement and advice (Introduction). ADSS is a Limited Liability Company – Sole Proprietorship Company incorporated under United Arab Emirates law. The company is registered with the Department of Economic Development of Abu Dhabi (No. 1190047) and has its principal place of business at 8th Floor, CI Tower, Corniche Road, P.O. Box 93894, Abu Dhabi, United Arab Emirates.
The information presented is not directed at residents of any particular country outside the United Arab Emirates and is not intended for distribution to, or use by, any person in any country where the distribution or use is contrary to local law or regulation.
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