Riyad Bank has launched a mada “Nithriyat” card to monitor school expenses, as part of the Ministry of Finance and the Ministry of Education's directive to open bank accounts for all education departments in the Kingdom's regions and governorates to deposit funds for the operational expenses of education departments, while school leaders will be given ATM cards that allow cash withdrawals from ATMs and purchases through points of sale.

The Nithriyat card is the first of its kind that will be fully managed by the Public Education Department in each region through the Riyad Online channel for companies to disburse and monitor schools” operational expenditures.

Mohammad Abu Al Nuwar said. <Mohammed Abulnaga, Executive Vice President of Corporate Banking, said: ”Riyad Bank is the first Saudi bank to launch the Nethriyat card. "Riyad Bank is the first Saudi bank to launch a petty cash card for public schools in accordance with the updated regulations and specifications of the Saudi Arabian Monetary Agency. He pointed out that the bank's long-standing expertise and pioneering experience in the field of digital banking and employing technologies in providing modern and unique banking solutions enabled the bank to quickly respond to the requirements of its customers according to the highest specifications. Abulnaga reviewed the most prominent features of the Nethriyat card, which is in line with the Kingdom's plans to move towards a digital economy and automate government transactions to ensure the highest levels of transparency, integrity, good governance and more effective monitoring of transactions.

Riyad Bank strengthens its partnership with Riyad Bank with this new card. With this step, Riyad Bank strengthens its active partnership with the government sector and translates the trust of its customers by responding quickly and meeting their aspirations and expectations, enabling them to translate their development plans according to the highest level of professionalism and quality.