Riyad Bank begins dollar-denominated debt issuance with $200,000 minimum

07/01/2026 09:04 AST

Riyad Bank started issuing perpetual Tier 2 capital debt instruments denominated in US dollars for general banking purposes, with a minimum subscription of $200,000, the bank announced on January 7.

The bank will target qualified investors inside and outside Saudi Arabia, with pricing and yield to be determined based on market conditions, according to a statement on Tadawul.

Riyad Bank appointed First Abu Dhabi Bank, Banco Bilbao Vizcaya Argentaria (BBVA), DBS Bank, Emirates NBD Capital, HSBC, Merrill Lynch Saudi Arabia, Mizuho International, Riyad Capital, SMBC International and Standard Chartered as underwriters for the subscription.

The bank recorded record profits of SAR2.7bn ($720mn) during the third quarter of 2025, though growth came at 1.3%, the slowest pace in seven quarters, due to a balance between rising operational income and increased operating expenses.

The increase in net income came primarily from growth in total operational income, strengthened by increased net fee and commission income and gains from selling investments held for purposes other than trading, alongside improved net trading income.

The bank recorded total commission income of SAR6.3bn, growing 13.6% year-on-year. Commission income from investments rose 14% to reach SAR741.5mn, whilst net income from investments increased 1.34% to SAR2.9bn.

The loan and advance portfolio reached SAR368bn compared with SAR325bn in deposits, raising the loan-to-deposit ratio to 113% during the third quarter of 2025, compared with 104% for the same period in 2024.

Intellinews.com