⚡ Wathq & SAMA Open Banking Enabled

Open Your Riyad Bank SME Business Account Fully Digitally

Instant commercial registration lookup via Wathq & Yakeen. Designed for Saudi sole establishments and businesses. Submit your application online and complete e-KYC in the Riyad Bank Mobile App.

10 Min

Digital Application

0 Paperwork

Wathq Registry Auto-Fetch

100% Sharia

Compliant Business Account

Tailored for KSA Businesses

Built for Saudi SMEs & Sole Establishments

Everything your business needs to manage day-to-day finances, payments, and payroll smoothly.

🏢

Instant Wathq CR Fetch

Auto-populates Commercial Registration (CR), National Address, Unified National Number (700 series), and Balady licence details directly from Ministry records.

💳

mada Business Debit Card

Issued for business expenses with customizable daily POS & ATM limits, Apple Pay integration, and national e-commerce readiness.

📄

ZATCA & e-Invoicing Ready

Integrated VAT tax invoice reporting, ZATCA Phase 2 building/additional address data compatibility, and simplified tax exports.

👥

WPS & GOSI Payroll

Direct Wage Protection System (WPS) compliance via GOSI integration. Automated salary transfers for local and expatriate staff.

📱

Mobile App e-KYC

Seamless identity verification and biometric e-KYC completed directly in the Riyad Bank Mobile App after web application submission.

🏬

Merchant POS & softPOS

Accept payments directly at physical premises or through smartphone softPOS terminals, tailored for retail & service establishments.

Simple Requirements

Account Opening Requirements

For Sole Establishments (مؤسسة فردية)

✓ Active Commercial Registration (CR) from Ministry of Commerce
✓ Owner's valid National ID / Iqama linked to Absher & Nafath
✓ Active Registered National Address (SPL)
✓ Balady Licence (if operating physical premises)

For LLCs & Corporations (شركات ذات مسؤولية محدودة)

✓ Active Commercial Registration (CR)
✓ Articles of Association (AoA) & Board Resolution
✓ Authorized Signatories' National IDs / Iqamas
✓ National Address Certificate for Company

Frequently Asked Questions

How long does application submission take?

Submitting your web application takes under 10 minutes. Once submitted, you can complete the quick biometric e-KYC step in the Riyad Bank Mobile App.

How do I complete e-KYC identity verification?

After completing your web application, download or open the Riyad Bank Mobile App, log in with your National ID, and complete biometric verification.

Do I need to visit a Riyad Bank branch?

No branch visit is required. Your mada business debit card will be delivered directly to your registered National Address.

Ready to Start Your Application?

Apply for your business current account online with your CR and National ID.

Fast & Digital SME Onboarding

Open Your Riyad Bank SME Account Online

Instant commercial registration verification via Wathq & Yakeen. Submit your web application and complete e-KYC on the Riyad Bank Mobile App.

✓ 100% Digital Process

✓ Automatic Wathq Fetch

✓ Mobile App e-KYC

Verify Commercial Registration (CR)

Please select your applicant status and enter your CR and National ID to begin.

Applicant Status

New Applicant

✓

First-time SME business account opening with Riyad Bank.

Existing Customer

Already hold a personal or commercial account with Riyad Bank.

Commercial Registration (CR) Number 10 digits (Riyadh 1010 prefix)

Authorized Owner National ID (Huwiyya) Saudi National ID (Starts 1)

Registered Mobile Number (Absher linked) Must match owner ID

Entity Record: Nakheel Laundry Establishment (مؤسسة مغسلة النخيل)

Unified National Number: 7009481235 | Legal Form: Sole Establishment

Wathq Matched ✓

Owner & Authorized Representative Details

Primary applicant & sole proprietor contact details retrieved via Yakeen.

✓ Yakeen Verified

Owner Name (English)

Owner Name (Arabic)

National ID Number (Huwiyya)

ID Type & Expiry Date

Date of Birth & Citizenship

Role in Organization

Mobile Number (Absher linked)

Business Email Address

PEP (Politically Exposed Person) Declaration

No (I am not a PEP or closely related to a PEP)

Data Accuracy Confirmation: I confirm that the pre-populated company information for Nakheel Laundry Establishment and personal details for Abdulaziz Mohammed Al-Otaibi reflect current Ministry of Commerce and Yakeen records.

Select Business Add-On Solutions

Choose digital banking products tailored for Nakheel Laundry Establishment.

3 Solutions Selected

Core Product Included

Riyad Bank Business Current Account (الحساب الجاري)

Non-interest-bearing, 100% Sharia-compliant business current account.

Allocated Business IBAN:

SA39 2000 0029 8475 6123 0014

mada Business Card

✓

National mada business debit card issued for Abdulaziz M. Al-Otaibi. Free contactless & e-commerce enablement.

Included Free

Merchant POS Terminal

✓

Countertop POS terminal or Smartphone softPOS app for laundry customer payment acceptance with next-day settlement.

Recommended for Laundry

WPS Payroll Integration

✓

Automated Wage Protection System (WPS) portal integrated with GOSI Establishment #612847390 for 15 employees.

GOSI Linked

Working Capital Credit

Pre-approved SME revolving credit facility up to SAR 90,000 for equipment upgrades & inventory purchase.

Optional Limit: SAR 90,000

PayNow E-Commerce

Online checkout payment gateway for website or mobile laundry pickup/delivery booking platform.

PayNow API

ZATCA Tax E-Exporter

Automated monthly ZATCA VAT return tax reports formatted for TIN #310947382600003.

VAT Integrated

User Access & Authorizations

Account management permissions and online transaction limits for Nakheel Laundry Establishment.

Sole Establishment Profile

👤

Primary Account Administrator & Signing Authority

As sole proprietor of Nakheel Laundry Establishment (مؤسسة مغسلة النخيل), full account management rights, digital banking administration, and online transaction authorization reside with owner Abdulaziz Mohammed Al-Otaibi.

Assigned User Authority & Limits

Authorized Administrator	National ID	System Role	Approval Mandate	Daily Online Limit	Status
Abdulaziz Mohammed Al-Otaibi عبدالعزيز محمد العتيبي	1084734321	Sole Owner & Administrator	Single Signatory (Full Access)	SAR 100,000.00	✓ Authorized

Online Banking Permissions

✓ Full Local SAR Account Transfers
✓ International SWIFT Wire Transfers
✓ Bill Payments & SADAD Services
✓ GOSI & WPS Payroll Execution

mada Debit Card Controls

✓ Cardholder: Abdulaziz M. Al-Otaibi
✓ Daily POS Limit: SAR 20,000
✓ Daily ATM Cash Limit: SAR 10,000
✓ Contactless & Apple Pay Enabled

Application Review & Verification

Review your business details, verified government records, and accept terms to submit your application.

✓ Registry Verified

Commercial Registration Extract

Ministry of Commerce Wathq Registry (CR #1010847392)

Verified ✓

National Address Certificate

SPL Registry (Building 4517, Al Malaz, Riyadh)

Verified ✓

ZATCA VAT Certificate

Tax Registry Lookup (TIN #310947382600003)

Verified ✓

Owner Identity Record

National ID #1084734321 (Yakeen Record)

Verified ✓

Application Summary

Entity Name: Nakheel Laundry Establishment

Commercial Reg: 1010847392 (Unified: 7009481235)

Authorized Representative: Abdulaziz Mohammed Al-Otaibi

Allocated IBAN: SA39 2000 0029 8475 6123 0014

Selected Add-ons: mada Card, Merchant POS, WPS Payroll

Daily Limit: SAR 100,000.00

PDPL Consent & Terms Declaration

I, Abdulaziz Mohammed Al-Otaibi, as sole proprietor of Nakheel Laundry Establishment, hereby declare that all information provided in this application is true and complete. I explicitly consent under the Saudi Personal Data Protection Law (PDPL) to Riyad Bank processing my personal and commercial data with Ministry of Commerce, Wathq, Yakeen, ZATCA, and SAMA. I agree that final biometric identity verification will be completed in the Riyad Bank Mobile App.

I agree to the PDPL data processing consent, Riyad Bank SME digital banking terms, and SAMA regulatory conditions.

✓

Application Submitted Successfully!

The initial SME account application for Nakheel Laundry Establishment (مؤسسة مغسلة النخيل) has been processed.

Application Ref

RB-SME-2026-88491

Allocated Business IBAN

SA39 2000 0029 8475 6123 0014

Status

Pending Mobile e-KYC

📱 Final Verification Step

Complete Your e-KYC in the Riyad Bank Mobile App

As required by SAMA regulatory guidelines, final biometric identity verification and e-KYC must be completed securely on your mobile phone via the official Riyad Bank Mobile App.

3 Quick Steps on Mobile:

Open or Download the App

Install Riyad Mobile from App Store, Google Play, or AppGallery.

Enter National ID 1084734321 or scan the QR code to load your pending application.

Complete Biometric e-KYC

Approve the biometric facial recognition / Nafath request to activate your IBAN immediately.

Scan to Continue on Mobile

Point your smartphone camera to open app directly

Open Your Riyad Bank SME Business Account Fully Digitally

Built for Saudi SMEs & Sole Establishments

Instant Wathq CR Fetch

mada Business Debit Card

ZATCA & e-Invoicing Ready

WPS & GOSI Payroll

Mobile App e-KYC

Merchant POS & softPOS

Account Opening Requirements

For Sole Establishments (مؤسسة فردية)

For LLCs & Corporations (شركات ذات مسؤولية محدودة)

Frequently Asked Questions

Ready to Start Your Application?

Open Your Riyad Bank SME Account Online

Verify Commercial Registration (CR)

Company Information

Owner & Authorized Representative Details

Select Business Add-On Solutions

Riyad Bank Business Current Account (الحساب الجاري)

User Access & Authorizations

Primary Account Administrator & Signing Authority

Assigned User Authority & Limits

Online Banking Permissions

mada Debit Card Controls

Application Review & Verification

Application Summary

PDPL Consent & Terms Declaration

Application Submitted Successfully!

Complete Your e-KYC in the Riyad Bank Mobile App

3 Quick Steps on Mobile:

Verification Code Sent

Save Draft Application