Rank #1706
Essam Al Muhaidib
Net worth $2.5B
Diversified · Saudi Arabia
- Born
- Jan 10, 1959
- Age
- 67
- Source
- Diversified
- Residence
- Dammam
- Citizenship
- Saudi Arabia
- Marital status
- Children
- 0
- Education
- Bachelor of Science, King Saud University
Net worth over time
Biography
- Essam Al Muhaidib is the CEO of Al Muhaidib Group, a Dammam, Saudi Arabia-based family-owned conglomerate.
- Al Muhaidib Group invests in companies across consumer products, infrastructure, construction, real estate and finance; Essam owns 28% of the company.
- The group was founded in 1943 by his father Abdulkadir, who started out as a food trader before expanding into building materials and real estate.
- Essam and his brothers Emad and Sulaiman took over after Abdulkadir's death in 1996; they share ownership with 4 other family members.
- Al Muhaidib Group owns shares in at least 16 publicly traded companies in Saudi Arabia and Egypt.
Financial assets
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