The total number of the registered
companies acting in the Kingdom has hit 438 in 1415H, in addition to ten
professional companies acting in Riyadh area (178) represent 40.64% of the
total number of the professional companies acting in the Kingdom. This number
rose from 2,895 in Riyadh area in 1417H to 3,073 companies at the end of
1415H with an increase hit 6.15%. The total accumulative number of the acting
companies in Riyadh Region at the end of 1415H represents 37.23% of the total
number of the companies acting in the whole Kingdom. In addition to that,
about 37% of the centers of Saudi contributing companies were located in
Riyadh City.
On the other hand, banks play a distinguish
role in driving the march of development in the Kingdom by providing the
required finance to the private sector. We notice that the commercial banking
sector has witnessed high growth rates during the fifth developing plan which
resulted in a remarkable increase in the number of banks whereas the total
number of commercial banks reached 12 at the end of the year (1413H/1414H).
The main centers of nine banks out of the total number were located in
Riyadh-City.
This accounts for 75% of the total number
of the acting banks. The total branches of these banks reached 1,160 branches
over the entire Kingdom. Riyadh-City alone contains 266 branches which
represent 22.9 % of the total number of these branches. With regard to
branches of the nine banks located in Riyadh, the total number hit 817
branches, 205 branches distributed in Riyadh-City representing 25% of the
total branches. The commercial banks centralized in Riyadh have multiplied
its capital from SR 6.650 millions to SR 12,110 millions at the end of 1415H
(1994). According to above mentioned, we could say that Riyadh succeeded to
turn gradually from a consuming city to productive center, contributes in the
accomplishment of the goals of the Government of the Custodian of the two
Holy Mosques. These objectives aim to diversify the economic resources by
depending to a far extent, on the private sector contribution which is now
representing 30% of the gross domestic product of Riyadh-City.
