ArabianBusiness.com - Middle East Business News
Monday, 23 September 2019 14:23 UAE time
 
33#  Mohammed Al Issa  - picture not available
33# Mohammed Al Issa

Net Worth: US$ 2.5 Billion
Country of Residence: Saudi Arabia
« Back to List
 
In 2005, Mohammed Al Issa sold his 94 percent stake in the Saudi Construction Company, which he founded in the early 1970s, and pocketed a couple of billion dollars for his troubles.

The money didn't sit idle for long. Al Issa is today the second largest shareholder of Saudi Arabia's Savola Group, with an 11.9 percent stake worth close to $400m. Of similar value is Al Issa's shareholding in Bank Saudi Fransi, the Kingdom's fourth largest lender by market value. But both are dwarfed by the 9.9 percent stake he holds in Riyad Bank , worth over $950m and placing Al Issa among the biggest individual players on the Saudi Stock Exchange, the Tadawul.

Meanwhile, Mohammed Al Issa and Sons (MASC), a holding company created by its founder more than 35 years ago, is active in the financial, industrial, food and real estate sectors. It recently entered the hospitality business and Al Issa has taken a strategic decision to invest directly in several hotels in the Saudi market and internationally. MASC today has a string of five and four star hotels on its drawing board, some of which have already started construction and some of which will soon be in operation.
 

 

READERS' COMMENTS

Disclaimer: The views expressed here by our readers are not necessarily shared by ArabianBusiness.com or its employees.

Click here to post a comment


Add your Comment
All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Arabian Business would like to point out that only comments relevant to the story will be published. Any containing personal insults or inappropriate language will not be approved.
Name *
Remember me on this computer
Email *
(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments


Please click post only once - your comment will not be published immediately.

Meet The Boss