Labib Group Competitors

Al Futtaim Group LLC

Riyad Bank is one of the largest financial institutions in the Kingdom of Saudi Arabia and the Middle East. Established in 1957, with a paid-up capital of SAR 30 billion. Our professional and dedicated staff base has mainly driven our success throughout the years. With more than 5,900 employees, we take pride of being among the Saudi organizations with the highest national employment rate of 94%. We provide a comprehensive range of products and services fully compliant with the Islamic Sharia’ to meet the needs of both retail and corporate customers, including small and medium-size enterprises. We play a leading role in various areas of finance and investment around Saudi Arabia, that is why we are distinguished as a leading financier and arranger of syndicated loans in the oil, petrochemicals and most of the Kingdom’s notable infrastructure projects. We offer innovative and remarkable financing solutions through a network of 308 branches, and more than 53,580 POS, in addition to more than 2,542 ATMs well distributed in strategic & carefully selected locations around the Kingdom. And since global expansion is essential for some of our customers outside the Kingdom, a branch in London and offices in Houston (USA) and Singapore help in supporting the international banking needs of such customers. Our electronic banking services (web-based and mobile applications) use the latest electronic technologies to address the banking needs of our customers with utmost ease, convenience and security. Riyad Bank has achieved total assets as of September 30, 2020 reached SAR 308,558 million compared to SAR 250,573 million as of September 30, 2019, an increase of 23.1%. Customer deposits are higher by 13.3% to reach SAR 201,292 million as at September 30, 2020, against SAR 177,672 million as at September 30, 2019. Loans and Advances, net are higher by 14.8% and stood at SAR 190,823 million as at September 30, 2020 against SAR 166,275 million as at September 30, 2019.

Al Muhaidib Group (AMG) is a leading Saudi owned investment conglomerate established in 1943. AMG leverages its rich heritage to drive diversified investments across key sectors including Food & Consumer, Industrial & Infrastructure, Real Estate, and Financial Investments. Since its establishment, AMG has strived to support the sustainable development of Saudi Arabia and continues to be dedicated to adding real value to the communities and markets where it operates in the Kingdom and throughout the region.