Industry: Energy & Retail
Company: Alzahid Group
Country: Saudi Arabia
Wealth: 10 Billion
Issam Alzahid is the chairman of the Alzahid Group of Companies. It got its start in 1951 under the banner Alzahid Construction, when it had a hand in smaller-scale planning of roads and other city infrastructure. Later it would be tapped to build the kingdom’s first coast guard stations.
By 1958 the company was in full swing, building everything from bridges to tunnels and flyovers - indeed much of the basic transport infrastructure upon which the kingdom still relies.
Today, with offices located in Al Khobar, the diversified conglomerate has over 301,000 strong employees and has significant interests in mining, logistics, oil and gas, manufacturing, information technology, foodstuffs, retail and many other sectors.