The world’s richest Arabs
Sun 15 Dec 2013 04:47 AM
The Olayan Family

The Olayan Family

Country: Saudi Arabia

Wealth: 12.5 Billion

In third place this year is the Olayan family. This year marked the family business is 66th year of operations. It has come a long way since the summer of 1947 when Suleiman S. Olayan launched his first business in the Eastern Province of Saudi Arabia. While still private and closely held, the group he founded has blossomed over the decades into a multinational enterprise with offices on three continents, and 50,000 people employed by 50 affiliated companies. Its main investment portfolio covers public and private equities, real estate, fixed income securities and other specialised assets.  Suleiman is survived by his son Khaled and his three daughters - Hayat, Hutham and Lubna. This year, the group has partnered with the world's largest snack food company, Mondelez International to distribute its products in the kingdom.