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الاقتصادية
Riyad Bank Debt Issuance Approved
The Saudi Securities Authority approved the request from Riyad Bank to issue debt instruments worth up to 10 billion riyals, with a prospectus to be published prior to the start of the subscription. Riyad Bank recorded an increase in its first-quarter profits to 2.6 billion riyals, representing a 5.1% year-over-year growth, driven by higher income and lower expenses. It is worth noting that the bank has an extensive branch network, a market value of 87.3 billion riyals, and is largely owned by the Public Investment Fund.
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