Sulaiman Al Rajhi, chairman of Al Rajhi Bank — Saudi Arabia’s largest Islamic bank, established by royal decree in 1988 — began transferring his assets to family members in July 2010. His bank’s origins date back to the 1940s, when it began operating as a money changer in the kingdom. Today, its operations include retail, corporate and investment banking. Sulaiman owns the largest cut of the institution’s shares. With an established base in Riyadh, Al Rajhi Bank has a network of over 550 branches, over 100 dedicated ladies branches and more than 2,600 ATMs.
A philanthropist, Al Rajhi founded the SAAR Foundation, a flagship corporation representing charities, think tanks and business entities. Al Rajhi also oversees stakes in a number of Saudi firms — 24.9 percent of Al Rajhi Bank, 23.7 percent of Yanbu Cement and a 19.7 percent stake in Nadec.
Al Suweiket and his Trading and Contracting Company have become a leading force in the kingdom’s construction industry, as well as other sectors. With its vast experience in the building industry, Al Suweiket has been credited with a number of high-profile projects in Saudi Arabia.
The last decade has seen the company broaden its business base, namely the establishing of the oil, gas and pipelines services division, educational services, legal consultations and the establishment of many industrial ventures. The conglomerate has offices in Al Khobar, Riyadh, Jeddah, across the Middle East region and in Europe. Its expansion outside the kingdom has seen it undertake international interests in different sectors such as education, energy, general trading, travel and transportation, catering and life support, agriculture, family and labour.