Saudi Rich List
Wed 26 Aug 2009 07:24 AM
Omar Suleiman Al Abdullatif
46

Omar Suleiman Al Abdullatif

Industry: Banking & Finance

Company: Al Abdullatif Group Holdings Co

Country: Saudi Arabia

Wealth: 450 Million

Omar Suleiman Al Abdullatif is the chairman of Al Abdullatif Group Holdings Co, which includes
Al Abdullatif Industrial Investment Co (AIIC)

.
AIIC

is a fully integrated industrial textile company that specialises in spinning, weaving and colouring of synthetic and natural fibres, used in the production of blankets, rugs, carpets, backings and a variety of yarns. It is listed on the Tadawul, with a market value of more than $990m.

The company operates a tufting plant, which includes a backing division, a printing division and a dyeing plant, in addition to a weaving plant.

Its products include tufted carpets, woven carpets and non-woven carpets, and are exported around the world.
AIIC

’s subsidiaries and affiliates include Eastern Textile Co, Western Textile Co, ADFA Blanket Co, National Spinning Co, Nadeen Arabian Colour Co and Shahd Paper Tubes.