Richest families · Data
Richest Families in Saudi Arabia 2026: The Top Business Families
Leaving aside the ruling family, the richest Saudi on Forbes' 2026 billionaires list is Sulaiman Al Habib, founder of the hospital group HMG, with USD 10.2 billion (values as of 1 March 2026). Abdullah bin Sulaiman Al Rajhi, chairman of Al Rajhi Bank, has USD 2.6 billion, and three Al Muhaidib brothers are on the list with USD 2.5 billion, 2.3 billion and 2.3 billion. Saudi Arabia has 11 billionaires worth USD 49 billion together, more than any other Arab country, according to Forbes Middle East. Prince Alwaleed bin Talal and the ruling Al Saud family are not ranked on this page (see the note on the ruling family). [1, 2, 3, 4, 5, 6]
Saudi business families
| # | Family | Business | Forbes 2026 | Family business rank |
|---|---|---|---|---|
| 1 | Al Habib family | Dr. Sulaiman Al Habib Medical Services Group (HMG) | USD 10.2 billion | Not on the list |
| 2 | Al Rajhi family | Al Rajhi Bank | USD 2.6 billion | Not on the list |
| 3 | Al Muhaidib family | Al Muhaidib Group | USD 2.5 billion (Emad Al Muhaidib) USD 2.3 billion (Sulaiman Al Muhaidib) USD 2.3 billion (Essam Al Muhaidib) | Not on the list |
| 4 | Al Othaim family | Al Othaim Holding Company | USD 2.2 billion | No. 11 |
| 5 | Al Nahdi family | Nahdi Medical Company | USD 2 billion | No. 53 |
| 6 | Abunayyan family | Abunayyan Holding | USD 1.6 billion | Not on the list |
| 7 | Al Ajlan family | Ajlan & Bros Group | USD 1.3 billion | No. 12 |
What the list shows
- Healthcare and food retail stand out: HMG's hospitals, Nahdi's pharmacies and Al Othaim's supermarkets account for three of the seven families on this page. [1, 7, 8]
- Several groups are in their second generation: the founders' sons run Al Muhaidib Group (founded in 1943) and Al Othaim (1956), and Abdullah bin Sulaiman Al Rajhi chairs Al Rajhi Bank, which his father and uncles started in 1957 as an exchange house and which became a bank in 1988. [2, 8, 9, 10, 11]
- Family businesses made up 63% of private-sector entities in Saudi Arabia and 66% of private-sector GDP, the chairman of the National Center for Family Businesses said in January 2021, according to Argaam. We found no newer official figure. [12]
- Abdul Latif Jameel, founded in 1945, tops Forbes Middle East's 2026 list of Arab family businesses, and 32 of the businesses on it are Saudi, more than from any other country. [13, 14]
The families in detail
1. Al Habib family
How the fortune was made. Sulaiman Al Habib, a pediatrician, founded the Riyadh-based Dr. Sulaiman Al Habib Medical Services Group (HMG) in 1995 and listed it on the Saudi Exchange in 2020, according to Forbes Middle East. The group runs hospitals and clinics in Saudi Arabia and the UAE and a pharmacy chain; Forbes Middle East counts more than 22 hospitals and medical centres and ranked HMG 20th among the Middle East's most valuable companies in 2026, with a market value of USD 24.4 billion. [1, 16]
Who runs it. Founder Sulaiman Al Habib (first generation) is the non-executive chairman of HMG and was reappointed in December 2024 for a four-year board term; the board elected that month also includes Hesham Al-Habib and Saleh Al-Habib, according to Argaam. The chief executive is Faisal Al Nassar, according to Forbes Middle East. [16, 17, 18]
Succession. No succession plan or family holding structure has been made public. Forbes says Sulaiman Al Habib owns a 40% stake in HMG. [15]
Family office. Not found in public sources. []
2. Al Rajhi family
How the fortune was made. Sulaiman Al Rajhi and his brothers Mohammed, Abdullah and Saleh cofounded the business in 1957, according to Forbes. The bank says it was established in 1957 as an exchange house, was converted to a bank in 1988 under the name Al Rajhi Banking and Investment Corporation and was named Al Rajhi Bank in 2006. It trades on the Saudi Exchange and is one of the largest Islamic banks in the world, with more than 20.5 million customers, according to Forbes Middle East. [2, 10, 11]
Who runs it. Abdullah bin Sulaiman Al Rajhi, son of cofounder Sulaiman (second generation), chairs Al Rajhi Bank and has worked at the bank for more than 35 years, according to Forbes Middle East. He also chairs other family businesses, including Al Rajhi Capital and Al Rajhi Holding Group. [2]
Succession. In 2011 Sulaiman Al Rajhi transferred more than half of his SAR 25 billion fortune to social and educational charity projects and divided the rest among his children, according to Argaam; in 2017 he said the wealth his children had inherited had been put back into the endowment, which he valued at more than SAR 60 billion. Gulf Business reports that the endowment, which bears his name, received his stake of nearly 20% in Al Rajhi Bank. The bank is chaired by his son Abdullah. [2, 19, 20]
Family office. Forbes Middle East says Abdullah bin Sulaiman Al Rajhi chairs Al Rajhi Holding Group, a family business, but does not say what it invests in. No family office for this branch was found in public sources. [2]
3. Al Muhaidib family
- Forbes 2026: Emad Al Muhaidib, USD 2.5 billion, No. 1,676 in the world [3, 9]
- Forbes 2026: Sulaiman Al Muhaidib, USD 2.3 billion, No. 1,834 in the world [4, 21]
- Forbes 2026: Essam Al Muhaidib, USD 2.3 billion, No. 1,834 in the world [5, 22]
How the fortune was made. Abdulkadir Al Muhaidib founded the group in 1943, starting as a food trader before moving into building materials and real estate, according to Forbes. Dammam-based Al Muhaidib Group now invests in consumer products, infrastructure, construction, real estate and finance and owns shares in at least 16 listed companies in Saudi Arabia and Egypt. Forbes said in April 2025 that the largest part of the brothers' fortunes came from ACWA Power, which went public in 2021. [3, 9, 23]
Who runs it. The founder's sons (second generation) run the group: Sulaiman Al Muhaidib is chairman, Emad Al Muhaidib is vice chairman and Essam Al Muhaidib is chief executive, according to Forbes. [9, 21, 22]
Succession. After Abdulkadir Al Muhaidib died in 1996, his sons Sulaiman, Essam and Emad took over the group. Each brother owns 28% of the privately held group, and they share ownership with four other family members, according to Forbes. [9, 23]
Family office. Al Muhaidib Group, a privately held conglomerate based in Dammam, is the family's investment holding; the brothers' Forbes profiles list stakes in ACWA Power, Almarai, Savola Group and Saudi Awwal Bank (formerly Saudi British Bank). A separate family office was not found in public sources. [9, 22, 23]
4. Al Othaim family
- Forbes 2026: Abdullah Al Othaim, USD 2.2 billion, No. 1,913 in the world [8, 24]
- Forbes Middle East family businesses 2026: Al Othaim Holding Company, No. 11 (a ranking of businesses, not a wealth estimate) [13, 25]
How the fortune was made. Saleh Al Othaim founded Saleh Al Othaim Trading Establishment, the predecessor of Abdullah Al Othaim Markets, in 1956, according to Forbes; Forbes Middle East says the group began as one grocery store in Riyadh. The supermarket chain listed on the Saudi Exchange in 2008 and has more than 400 stores in Saudi Arabia and about 50 in Egypt. The private Al Othaim Holding Company also owns and runs shopping malls and restaurants in Saudi Arabia. [8, 24, 25]
Who runs it. Abdullah Al Othaim, the founder's son (second generation), chairs both the listed Abdullah Al Othaim Markets and the private Al Othaim Holding Company, according to Forbes. [8, 25]
Succession. Abdullah Al Othaim owns a 36% stake in Abdullah Al Othaim Markets, according to Forbes. No succession plan has been made public. [8, 24]
Family office. Al Othaim Holding Company is the family's private group: it holds stakes in Abdullah Al Othaim Markets and in Al Othaim Investment Company, which owns Al Othaim Malls, Al Othaim Food and Al Othaim Entertainment, according to Forbes Middle East. A separate family office was not found in public sources. [25]
5. Al Nahdi family
- Forbes 2026: Abdullah Amer Al Nahdi, USD 2 billion, No. 2,052 in the world [6, 7, 26]
- Forbes Middle East family businesses 2026: Al Nahdi Family Office, No. 53 (a ranking of businesses, not a wealth estimate) [13, 27]
How the fortune was made. Abdullah Amer Al Nahdi founded the business in 1986, with its head office in Jeddah (Nahdi Medical prospectus); according to Forbes, he started by buying two pharmacies in Jeddah a year after graduating. SEDCO Holding bought 50% in 2003, according to SEDCO, and Nahdi Medical listed on the Saudi Exchange in 2022 after its two shareholders sold 30% of the shares in the IPO (prospectus). Forbes Middle East reports 2025 revenue of USD 2.7 billion and more than 1,222 pharmacies, mostly in Saudi Arabia, with some in the UAE. [7, 26, 28, 29]
Who runs it. The founder, Abdullah Amer Al Nahdi (first generation), is vice chairman of Nahdi Medical. The chairman is Saleh Salem Bin Mahfouz, who represents co-owner SEDCO Holding, and the chief executive is Yasser Joharji (company website and 2021 annual report). [30, 31]
Succession. The family holds its stake through Al-Nahdi Holding Company, which kept 35% of Nahdi Medical after the 2022 IPO; at that point Abdullah Amer Al Nahdi held 31.53% of Nahdi Medical indirectly, mainly through Dan General Trading & Contracting Company (prospectus). In September 2024 Al-Nahdi Holding agreed to buy a further 3.08% from SEDCO for SAR 500 million, according to Argaam. No succession plan has been published. [28, 32]
Family office. Al Nahdi Family Office, set up by Abdullah Amer Al Nahdi in 2019, manages the family's investments, according to Forbes Middle East. Besides Nahdi Medical it holds interests in transport, education and catering, and it is investing in biotechnology, clean energy and AI. [27, 33]
6. Abunayyan family
How the fortune was made. Abunayyan Holding began operations in 1950 in water services in Saudi Arabia, later adding trading, manufacturing and investments in water, power, oil and gas (Vision Invest website). Mohammad Abunayyan founded Acwa, the power and water desalination developer formerly called ACWA Power, in 2004 and chairs it (Acwa website); according to Forbes, it listed on the Saudi Exchange in 2021. Forbes Middle East reports that he owns 3.5% of Acwa and 8% of Abdullah Abunayyan Trading Company, which owns half of Vision Invest, a holding company with a 22.7% stake in Acwa. [34, 35, 36, 37]
Who runs it. Mohammad Abunayyan is founder and non-executive chairman of Acwa and also chairs Vision Invest and Dussur (Acwa website). The sources we could open do not name the current head of Abunayyan Holding or other family members in management. [37, 38]
Succession. Not found in public sources. []
Family office. No separate family office was found. Abunayyan Holding, which Vision Invest lists as its shareholder Abdullah Abunayyan Group, co-owns Vision Invest with Al Muhaidib Group; Vision Invest is a Saudi investment holding company in power, water desalination, industrial gases, logistics, district cooling, wastewater treatment and social infrastructure, and Mohammad Abunayyan is its chairman (Vision Invest website). [36, 38]
7. Al Ajlan family
- Forbes 2026: Ajlan bin Abdulaziz Al-Ajlan, USD 1.3 billion, No. 2,858 in the world [6, 39, 40]
- Forbes Middle East family businesses 2026: Ajlan & Bros Group, No. 12 (a ranking of businesses, not a wealth estimate) [13, 41]
How the fortune was made. Four brothers, Ajlan, Saad, Mohammed and Fahad Al Ajlan, founded Ajlan & Bros in Riyadh in 1979 (group website), starting with a fabric and garment shop, according to Forbes. The group opened a factory in China in 1990, moved into real estate in the 2000s and in 2000 set up Abdulaziz Alajlan Sons for Trading & Real Estate Investments, its real estate arm, according to Forbes Middle East. It now spans traditional menswear, real estate, mining, energy, logistics and banking in more than 25 countries; Forbes Middle East reports 2025 revenue of USD 1.7 billion and a USD 13.3 billion ten-year investment strategy for mining and exploration in Saudi Arabia, announced in October 2025. In 2025 the Saudi Central Bank (SAMA) licensed ezbank, a digital bank the group set up in a joint venture with QNB (group website). [39, 40, 41, 42, 43, 44]
Who runs it. Ajlan bin Abdulaziz Alajlan is chairman, his brother Mohammed bin Abdulaziz Alajlan is vice chairman and his brother Fahad bin Abdulaziz Alajlan is managing director; Fahad bin Saad Alajlan also sits on the board (group website). Forbes Middle East lists Fahad bin Abdulaziz as group CEO, leading the business since 2014. [42, 43, 44]
Succession. The chairman's message on the group website says the group is led by the second generation and aims to 'empower the third generation of family members'. The timeline on the group website dates the establishment of Ajlan & Bros Holding Group to 2017. No ownership split between branches or formal succession plan has been published. [42]
Family office. Not found in public sources. []
The ruling family
Prince Alwaleed bin Talal, a member of the ruling family, is the richest Saudi on Forbes' 2026 list with USD 19.9 billion, according to Forbes Middle East; he holds stakes in several companies through the Saudi-listed Kingdom Holding Company. Bloomberg's December 2025 ranking of the world's richest families puts the Al Saud family third with USD 213.6 billion, according to Quartz. We do not rank members of ruling families on this page. [45, 46]
Ibrahim Al Muhaidib
Forbes also lists Ibrahim Al Muhaidib, with USD 2.1 billion, whose wealth Forbes Middle East attributes to HDB Group and a dental clinic business. Forbes does not link him to the family behind Al Muhaidib Group, so he is not part of the Al Muhaidib entry above. [47, 48]
The largest family businesses in Saudi Arabia
Forbes Middle East's Top 100 Arab Family Businesses 2026 ranks businesses, not fortunes: it scores the scale and value of holdings, activity in the past year, diversification, the performance of core businesses, age and workforce size. Several of the kingdom's largest family groups, such as Abdul Latif Jameel and Olayan, have no family member on Forbes' 2026 billionaires list. These are the Saudi entries in its top 35. [6, 13]
| Rank | Business | What it does |
|---|---|---|
| 1 | Abdul Latif Jameel | Founded in 1945; mobility (Toyota's partner in Saudi Arabia for 70 years as of 2025), energy and water, financial services, investments and health in more than 35 countries. Forbes Middle East lists it under Saudi Arabia, the UAE and Singapore. [14] |
| 5 | Olayan Financing Company (OFC) | Founded in 1947, according to Forbes Middle East; holding company for the Olayan Group's businesses in Saudi Arabia, the wider Middle East, Türkiye and India, including industrial manufacturing and hospitality; in 2026 it took a minority stake in MS Pharma. [49] |
| 10 | SEDCO Holding | Founded in 1976; investment firm with interests in real estate, retail, healthcare and infrastructure, led by Executive Chairman Yaser Binmahfouz. [50] |
| 11 | Al Othaim Holding Company | Started in 1956 as a grocery store in Riyadh; supermarkets (Abdullah Al Othaim Markets, listed on the Saudi Exchange since 2008), food production, flour mills, malls, hotels and entertainment. [25] |
| 12 | Ajlan & Bros Group | Founded in 1979 by four brothers as a fabric and garment business; now textiles, real estate, mining, energy, logistics and investments, chaired by Ajlan Abdulaziz Alajlan. [41, 42] |
| 14 | Yousuf M.A. Naghi & Sons Group | Founded in 1911 as a small distribution business in Jeddah; consumer goods, transport, automotive and financial services. [51] |
| 16 | Al Nahla Group | Founded in 1996; investment, property, trading, car retail and hospitality, with an 8.74% stake in Riyad Bank. [52] |
| 17 | Juffali | Founded in 1936; mobility, technology, engineering and services, including Juffali Automotive Company, the exclusive Mercedes-Benz distributor in Saudi Arabia. [53] |
| 22 | AlRashed Group | Founded in 1950; real estate, contracting, building and industrial materials, automotive and food, with a 10% stake in Banque Saudi Fransi. [54] |
| 26 | Zahid Group | Founded in 1943; industrial and trading group active in 15 sectors and 33 countries, which in 2025 led the consortium that acquired Barloworld, a South African Caterpillar dealer. [55] |
| 31 | Zamil Group Holding Company | Founded in 1920 in Bahrain; building materials, manufacturing, offshore services, petrochemicals, real estate and investments, with stakes of 25.4% in SENAAT and 8.8% in Sipchem. [56] |
| 33 | Sumou Holding Company | Founded in 2008; real estate investment, development, hospitality and entertainment, with a portfolio of about USD 16 billion, according to Forbes Middle East. [57] |
| 34 | Alkhorayef Group | Founded in 1957; water infrastructure, oil and gas services and irrigation, active in more than 40 countries. [58] |
How the rankings work
Forbes World's Billionaires List 2026 (Forbes, published 10 March 2026; values as of 1 March 2026). Forbes ranks individuals rather than multi-generational families; wealth belonging to the immediate family of a living founder is listed under the founder's name, and some heirs appear with '& family'. Forbes counts stakes in public and private companies and other assets; its 2026 materials do not say how private companies are valued. Forbes Middle East's extract (8 April 2026) covers billionaires of Arab origin from Arabic-speaking countries. Saudi Arabia has 11 billionaires with a combined USD 49 billion, the most of any Arab country (Forbes Middle East, 8 April 2026). The 11 include Prince Alwaleed bin Talal, a member of the ruling family, who is not ranked in our table. Worldwide the list has a record 3,428 billionaires worth USD 20.1 trillion. [6, 59, 60]
Top 100 Arab Family Businesses 2026 (Forbes Middle East, published 22 June 2026; no single valuation date; most figures in the entries are as of May 2026). Forbes Middle East ranks businesses owned or managed by Arab families, using stock exchange data, nominations and other primary sources. It scores six criteria: the scale and value of holdings (listed companies, real estate and hospitality assets, revenue from other ventures), business activity in the past year (IPOs, new projects, new investments), diversification across sectors and markets, the performance of core businesses and their industries, legacy and age, and workforce size. It does not estimate family wealth. GCC-based businesses take 86 places, including 32 from Saudi Arabia, 31 from the UAE and 10 from Qatar. The published page shows 99 entries, with no entry at rank 36. [13]
Questions
Who is the richest family in Saudi Arabia?
Members of the ruling family are not ranked on this page (see the note on the ruling family). Outside the ruling family, the richest Saudi on Forbes' 2026 list is Sulaiman Al Habib, founder of the hospital group HMG, with USD 10.2 billion (values as of 1 March 2026). [1]
How rich is the Al Rajhi family?
Forbes' 2026 list includes Abdullah bin Sulaiman Al Rajhi, chairman of Al Rajhi Bank, with USD 2.6 billion. His father, Sulaiman Al Rajhi, one of the four brothers who started the business in 1957, transferred more than half of his fortune to charitable projects in 2011 and divided the rest among his children, according to Argaam; Gulf Business reports that the endowment received his stake of nearly 20% in the bank. Other branches of the family run separate businesses, such as Rajhi Invest. [2, 10, 19, 20, 61]
How many billionaires does Saudi Arabia have?
Eleven in 2026, worth USD 49 billion together, according to Forbes Middle East: the most of any Arab country. [6]
