The world’s richest Arabs
Sun 15 Dec 2013 04:47 AM
Wafic Said

Wafic Said

Country: UK (Syria)

Wealth: 2.6 Billion

Wafic Said may be a few millions worse off after the wedding of his daughter in Paris’ Palace of Versailles last year, but it’s unlikely that the nuptials will have made too much of a dent in the Syrian-born billionaire' s pocket. Said, who has Saudi nationality but lives in London - is still best-known for Al Yamamah — the colossal Saudi fighter jets contract that is Britain’s biggest ever export deal.

Said is the chairman of Said Holding Limited, a Bermuda-based holding company with investments in Europe, North America and the Far East. The firm has a diverse portfolio of investments including fixed income, quoted equities, hedge funds, private equity and real estate.

Said, who now splits his time between the UK, Paris and Monaco, started his career at UBS in 1963 before establishing a project development and construction management business in Saudi Arabia in 1969. Over the next two decades his group took on some of the largest public sector projects in the kingdom and he became a billionaire through his connections with Saudi’s royal family, acting as an advisor and consultant on many major infrastructure projects. In 1996, he donated £23m ($35.85m) to help establish the Said Business School at the University of Oxford.