Riyad Bank Annual Report 2020

This Report describes the achievements of Riyad Bank and the challenges it faced in the year 2020. The Report comprehensively covers the main business segments that the Bank is engaged in. It also includes the contribution made by the supporting functions such as technology, human resources and governance. With the global trend increasingly giving prominence to ESG factors, the Bank’s efforts towards sustainability are also highlighted in this Report.

Report boundary

The Report covers the activities of Riyad Bank unless otherwise stated. The boundary for financial reporting includes Riyad Bank and its subsidiaries.

Reporting period

The report covers the period from January 1 to December 31, 2020 and is consistent with our usual annual reporting cycle for financial reporting. There are no restatements of information provided in previous reports and no significant changes from previous reporting periods in the scope and aspect boundaries.

The most recent previous report covered the 12-month period ended 31 December 2019.

The Report has been issued in both English and Arabic, and in the event of any discrepancy, the Arabic version shall prevail.


The consolidated financial statements of the Group have been prepared in accordance with ‘International Financial Reporting Standards (IFRS) as endorsed in the Kingdom of Saudi Arabia and other standards and pronouncements issued by the Saudi Organization for Certified Public Accountants (SOCPA) and in compliance with the provisions of Banking Control Law, the Regulations for Companies in the Kingdom of Saudi Arabia and by-laws of the Bank.


For any queries regarding the report please contact:
Investor Relations Department
Al Shuhada District
Eastern Ring Road
Granada Oasis – A1 Tower
P.O. Box 22622,
Riyadh 11416
Saudi Arabia.