Wallets/riyad-bank
Riyad Bank + Riyad Mobile
0 standards supported
Overview
Riyad Bank is one of Saudi Arabia's largest banks + Vision 2030 banking leader [1, 2, sa-cro]. Riyad Mobile = Riyad Bank's flagship digital banking app, redefining banking experience with leading features + services.
Riyad Mobile distinctive features [1]:
- Account management: Download statements + update personal information + checkbook requests
- Credit card services: Card management + transfers + PIN view + limit increases
- Transfer services: Manage + schedule transfers
- Biometric authentication security
- Personalization: Quick actions customized to user's banking needs
Recent Riyad Mobile enhancements [1]:
- Hassad Items: Wide variety of physical items purchasable with Hassad points
- Credit Cards For You: Personalized credit card suggestions based on lifestyle
Riyad Bank multi-country presence: Saudi Arabia primary + UK (London) + USA branch.
History
1957 — Riyad Bank founded [2] as Saudi commercial bank — same year as Al Rajhi Bank.
1980s-2024 — Multi-product Saudi banking expansion [2]: Multi-product retail + corporate banking.
2024-2025 — Riyad Mobile enhancements (Hassad Items + Credit Cards For You + biometric authentication + personalization) [1].
Ownership & operator
Operating entity: Riyad Bank (Tadawul: 1010).
Major shareholders: PIF (Saudi Public Investment Fund; sovereign wealth fund) + GOSI (General Organization for Social Insurance) + various Saudi institutional + Tadawul public float.
Regulators: SAMA (Saudi Central Bank).
Technical integration
| Layer | Description |
|---|---|
| Channels | Riyad Mobile app (iOS + Android) + Riyad Online + Riyad cards + Riyad branch network + Riyad ATM |
| Identifiers | Phone + email + card number + Saudi ID |
| SA rails | mada + sarie (Saudi national debit + instant payments) |
| License | Bank (Riyad Bank full Saudi banking license) |
| Sub-products | Riyad Bank Account + Riyad Bank Cards + Riyad Bank Credit + Riyad Bank Investments + Riyad Bank Insurance + Riyad Bank for Business + Riyad Mobile + Riyad Online + Riyad Mobile Business + Hassad points (loyalty) |
| Distinctive Riyad Mobile features | Hassad Items + Credit Cards For You + biometric authentication + personalization |
| Multi-country: SA primary + UK (London) + USA |
Users & growth
Baseline [1]:
- Saudi major bank (Vision 2030 banking leader)
- Multi-country: SA primary + UK + US
- Recent Riyad Mobile enhancements: Hassad Items + Credit Cards For You + biometric authentication
- Specific 2025 user numbers: not publicly disclosed in current sources
Use cases
Saudi retail + corporate banking via Riyad Mobile + Riyad Online; Hassad points loyalty (physical-items redemption via Hassad Items); personalized Credit Cards For You suggestions; biometric authentication; multi-country UK + US Riyad Bank presence.
Implementations & partners
Operator: Riyad Bank (Tadawul: 1010).
Major shareholders: PIF (Saudi Public Investment Fund) + GOSI + various Saudi institutional + Tadawul public float.
Major Saudi banking competitors:
- [[al-rajhi-bank]] (World's largest Islamic bank by market cap + ME's largest retail bank; 18.5M+ customers)
- [[saudi-national-bank]] (Saudi National Bank; SA's largest bank by assets; post-2021 NCB + Samba merger)
- stc-pay (Batch 8 covered; STC Pay / STC Bank)
- [[hala]] (Batch 13 covered; Saudi SME comprehensive)
- Banque Saudi Fransi + Arab National Bank + Saudi Investment Bank + Bank AlBilad + Bank AlJazira + Alinma Bank
Regulator: SAMA.
Fun facts
- One of Saudi Arabia's largest banks + Vision 2030 banking leader.
- 1957 founding — same year as Al Rajhi Bank.
- Riyad Mobile distinctive features: Hassad Items (physical items via Hassad points) + Credit Cards For You (personalized suggestions) + biometric authentication + personalization.
- Hassad points loyalty program — distinctive Riyad Bank rewards ecosystem.
- Multi-country: Saudi Arabia + UK (London) + USA branch.
- PIF (Saudi Public Investment Fund) + GOSI major Saudi institutional shareholders.
Comparison
| Feature | Riyad Bank + Riyad Mobile | [[al-rajhi-bank]] (World's largest Islamic bank rival) | [[saudi-national-bank]] (SA's largest bank by assets rival) | stc-pay (Batch 8; SA telco-bank) | [[hala]] (Batch 13; SA SME comprehensive comparable) |
|---|---|---|---|---|---|
| Operator | Riyad Bank (Tadawul: 1010; PIF + GOSI + Saudi institutional + Tadawul public float) | Al Rajhi Banking and Investment Corporation (Tadawul: 1120; Al Rajhi family + PIF + institutional) | Saudi National Bank (SNB; Tadawul: 1180; PIF largest + PPA + GOSI + public float; post-Apr 1 2021 NCB + Samba mega-merger) | STC Pay (STC Bank subsidiary) | Hala (TPG + Sanabil $157M Sep 2025) |
| Type | SA major bank + Riyad Mobile + Hassad points loyalty + Vision 2030 banking leader | World's largest Islamic bank by market cap + comprehensive Islamic banking mobile experience | SA's largest bank by assets + SNB Mobile + SNB QuickPay remittance (9-language) | SA telco-bank wallet | Saudi SME comprehensive financial infrastructure |
| Country | SA + UK + US | SA + KW + JO + MY | SA + UAE + BH + SG + KR + TR | SA primary | Saudi + UAE |
| Distinctive | 1957 founding (same year as Al Rajhi); Vision 2030 banking leader; Hassad Items + Credit Cards For You + biometric + personalization; multi-country SA + UK + US presence; PIF + GOSI Saudi institutional shareholders | World's largest Islamic bank by market cap; 18.5M+ customers; 2024 1B+ app logins; full Shariah compliance | PIF largest shareholder; Apr 1 2021 NCB + Samba mega-merger; SNB QuickPay 9-language remittance | Saudi telco-bank | Sep 2025 $157M Series B (TPG + Sanabil/Saudi PIF) |
Status
Active, one of Saudi Arabia's largest banks + Vision 2030 banking leader [1, 2]:
- Riyad Bank (Tadawul: 1010) since 1957.
- Riyad Mobile flagship digital banking app with distinctive features (Hassad Items + Credit Cards For You + biometric authentication + personalization).
- Multi-country: SA primary + UK + US.
- PIF + GOSI major shareholders.
- SAMA regulated.
Sources
- 1 Riyad Mobile — Riyad Bank
- 2 Who We Are — Riyad Bank
- 3 Riyad Bank Saudi Banking Leader Vision 2030 — Vision2030.ai
- 4 Riyad Mobile Business — Riyad Bank
- sa-cro In-corpus:
reports/countries/SA-saudi-arabia.md
Source
Biography extracted from riyad-bank.md. See matrix.md for standards-support matrix if present.