Saudi Rich List
Wed 26 Aug 2009 07:24 AM
Ali Said Basamh

Ali Said Basamh

Industry: Retail

Company: Basamh Trading Company - GOODY

Country: Saudi Arabia

Wealth: 1.6 Billion

Ali Said Basamh is the CEO of Basamh Trading Company, which traces its history back more than half a century, shortly after modern Saudi Arabia was founded in 1932. The company’s founder was the late Ahmad Saeed Basamh, who despite his early age had already accumulated expertise in food handling and distribution in Jeddah. That experience was to prove invaluable and provide the very foundation of Basamh Trading’s incredible growth.

It rapidly secured exclusive distribution agreements with major multinational corporations including Nestle, Buitoni, SC Johnson and Goody, and so began to sell everything from vermicelli to tomato ketchup and breakfast cereal, and basic household products across the Kingdom.