Arabian Business Rich List 2010
Thu 16 Dec 2010 10:41 AM
Abdulaziz Al Sulaiman

Abdulaziz Al Sulaiman

Industry: Hospitality

Company: Rolaco Trading and Contracting Company

Country: Saudi Arabia

Wealth: 3.2 Billion

Abdulaziz Al Sulaiman founded the Rolaco Trading and Contracting Company in 1968 in Jeddah, with a view to catering to the fast growing development needs of the Saudi people.

From its beginnings in construction and contracting, the company has diversified its interests into automobiles, hospitality and service and agriculture and industry, establishing it as a prominent player in the Saudi market.

The company has also expanded into the tourism sector, and its subsidiary, Muzun Tourism and Travel, is the general sales agent for Club Med in Saudi Arabia.

In the industry sector, the company provides electrical and lighting products and services, with divisions that specialise in the laying down telecommunication cables and telephone distribution boxes.

In 2004, Al Sulaiman was ranked amongst the Middle East’s richest people with a net worth of $1bn. In the intervening period, he has pushed his net worth up past the $3bn mark with an ambition to establish his company as a market leader in Saudi, and an eye on further expansion throughout the GCC region.