Saudi Rich List
Wed 26 Aug 2009 07:24 AM
Mohammed Al Rajhi
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Mohammed Al Rajhi

Industry: Banking & Finance

Company: Al Rajhi Bank - Saudi Arabia

Country: Saudi Arabia

Wealth: 1 Billion

Mohammed Al Rajhi is the fourth Al Rajhi to feature in this list, and like his three brothers owns a significant stake in Islamic banking behemoth
Al Rajhi Bank

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Of course, it’s not been a strong six months for the Saudi banking sector or the Kingdom’s stock market. But fortunately for Mohammed, he still has plenty of cash thanks to side investments in agriculture, gypsum production and steel production. With Saudi committed to some of the world’s biggest construction projects, demand for such commodities is only going to rise.