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Wow! Here the 50 Richest Arabs in the World [Arab Money!]

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40-osman40. Osama Abu Dawood-$2.68bn; Country: Saudi Arabia

Osama Abudawood has served as president of the Saudi Chambers of Commerce, as well as president of the Arab Chamber of Commerce. Abudawood heads up the Ismail Ali Abudawood Trading Company (IATCO), one of the kingdom’s largest distribution operations and a leading distributor of fast moving consumer goods (FMCG). Abudawood took over the reins of the company in 2005 following the death of his father, Sheikh Ismail Abudawood. IATCO is at the heart of the Abudawood Group, founded in 1935 as a small wholesale business by Mohammed and Ismail Abudawood.

Parent company Abudawood Group is a diversified international conglomerate incorporating investments in the Middle East, Europe and US, and covering a wide range of sectors including sales and distribution, trading, real estate, financial investments and education. IATCO is the preferred distributor for some of the world’s most prestigious companies, including Procter & Gamble, Clorox, Quaker, Ferrero and Fonterra.

Its sophisticated distribution network of 20 warehouse and distribution facilities and a fleet of over 200 modern delivery vans ensure timely delivery to over 20,000 retail outlets in more than 140 cities and rural areas.

39-mohammed-sharbat39. Mohammed Sharbatly -$2.69bn; Country: Saudi Arabia

One of the Sharbatly family’s most prominent members, Mohammed Sharbatly’s wealth comes in at $2.69bn. Originating with Sayed Abbas Sharbatly’s involvement in Jeddah’s food trade, the company grew from a small trader to a huge supplier. Following in his ancestors’ footsteps, Mohammed Sharbatly has been responsible for growing the company to what it is today. Under his leadership, Sharbatly Fruit has more than ten branches in the Kingdom of Saudi Arabia, as well as branches in Bahrain and Dubai.

The company now owns farms in Chile and South Africa as well as a citrus fruit packaging station in Egypt. It has expanded its product scope to include all manner of imported fresh and frozen foods, and continues to expand to this day. Given the success of the diversified business, members of the Sharbatly family have participated in the growth of some of Saudi Arabia’s biggest companies, including the Savola Group.

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