Thu 17 Dec 2009 05:32 AM
Abdullah Al Rajhi
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Abdullah Al Rajhi

Industry: Banking & Finance

Company: Al Rajhi Bank - Saudi Arabia

Country: Saudi Arabia

Wealth: 2.6 Billion

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.