ArabianBusiness.com - Middle East Business News
Thursday, 19 September 2019 03:14 UAE time
 
32#  Abdullah Al Rajhi  - picture not available
32# Abdullah Al Rajhi

Net Worth: US$ 2.6 Billion
Country of Residence: Saudi Arabia
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Abdullah Al Rajhi owns a major stake in Saudi Islamic banking giant Al Rajhi Bank, with his brothers also holding substantial shares.

Other lines of business include cement and agriculture. Under his guidance as CEO, Al Rajhi Bank has diversified its sources of revenues and developed its investment and corporate banking sectors, even amid a downturn that has sent some lenders close to the edge.

Partly offsetting those concerns, Abdullah also owns Al Rajhi Factories which manufactures everything from PVC pipes to foam mattresses.
 

 

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