Riyad Bank is one of the largest financial institutions in Saudi Arabia, ranked fourth in assets It was established in 1957. The Saudi government owns 51% of the shares of the firm.
As other Saudi commercial banks, Riyad Bank is supervised by the Saudi Arabian Monetary Authority.
In March 2018, Riyad Bank launched contactless payment wristbands, using the Gemalto digital security solution.
In December 2018, Riyad bank went into preliminary discussions with National Commercial Bank (NCB), the country's biggest lender by assets, to study a merger plan. After three weeks Riyad Bank hired Goldman Sachs to advise on the merger that would create the largest bank in the kingdom with $182 billion in combined assets.
Dubai Ports World is an Emirati multinational logistics company based in Dubai, United Arab Emirates. It specialises in cargo logistics, port terminal operations, maritime services and free trade zones. Formed in 2005 by the merger of Dubai Ports Authority and Dubai Ports International, DP World handles 70 million containers that are brought in by around 70,000 vessels annually. This equates to roughly 10% of global container traffic accounted for by their 82 marine and inland terminals present in over 40 countries. Until 2016, DP World was primarily a global ports operator, and since then it has acquired other companies up and down the value chain.