Saudi Regulator Approves Riyad Bank’s SAR 10 Billion Debt Program

Saudi Arabia’s Capital Market Authority has approved Riyad Bank’s registration and public offering of debt instruments under a program worth up to SAR 10 billion, marking a significant step in the bank’s capital funding strategy. The approval, valid for six months starting June 15, 2026, requires Riyad Bank to complete the debt offering and listing within that timeframe to avoid revocation. This move enables Riyad Bank to raise substantial debt funding, potentially through Sukuk or bonds, to support its growth and operational needs without issuing equity. The decision affects investors in Saudi Arabia’s financial markets and strengthens Riyad Bank’s position as one of the country’s leading financial institutions, given its existing gross loans and advances of over SAR 279 billion as of December 2023.