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UAE's Riyad Bank buys 100 Diebold Opteva ATMs

October 6, 2004

DUBAI, United Arab Emirates - Riyad Bank has selected Diebold, Incorporated to deploy 100 Diebold Opteva ATMs across the bank's network.

One of the largest financial institutions in the Middle East, Riyad Bank has a network of 200
branches and more than 650 ATMs. It will roll out the new ATMs this month.

Riyadh Al-Zahrani, vice president and remote banking manager for Riyad Bank, said the bank selected Diebold's Opteva ATMs because of "their unique functionality and potential for expansion."

Riyad Bank purchased a mix of Diebold Opteva 720 lobby ATMs and Opteva 740 through-the-wall, drive-up ATMs. Both run on Agilis, Diebold's multi-vendor software platform.

Riyad Bank plans to implement Diebold's Deposit Automation solutions, which enable Opteva ATMs to count notes in bulk and read checks, processing both as a single-deposit transaction displayed on the screen and verified with a receipt. Diebold's newest generation of bundled cash deposit technology will accept a loose stack of up to 100 notes, validate and denominate the notes and immediately credit personal accounts, according to a news release.

The Diebold Opteva ATMs were sold and supplied to Riyad Bank by Alhamrani Universal Company (AU), an integrated-technology solutions provider and Diebold's exclusive distributor of ATMs) and physical and electronic security products in Saudi Arabia since the 1980s.

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