BillionaireNet
Muhaidib
Emad Al Muhaidib
Rank #1503
SAUDI ARABIAdiversifiedDiversified

Emad Al Muhaidib

Net Worth
$2.648B
-0.4% (24h)
Emad Al Muhaidib, a prominent Saudi Arabian businessman, is the Vice Chairman of the Al Muhaidib Group, a diversified conglomerate. With a net worth of $2.7 billion, he holds the position of the 1471st wealthiest person globally. His wealth stems from diversified investments across various sectors, including food and consumer goods, industrial and infrastructure, real estate, and finance. Al Muhaidib's career began within his family's business, which was founded in 1943. He holds a Bachelor of Business Administration from King Saud University. Emad, along with his brothers, has played a key role in expanding the Group's influence across multiple sectors, contributing significantly to Saudi Arabia's economic landscape.

The Full Dossier

Early Life

Emad Al Muhaidib was born in Riyadh and raised in a business-oriented environment. His family was among the earliest to enter the world of commerce in the Kingdom in the mid-20th century. From a young age, he was immersed in a world shaped by discipline, entrepreneurship, and responsibility. He often accompanied his father and family members to meetings and projects, nurturing his understanding of business fundamentals and leadership.

Rise to Success

Emad is the vice chairman of the Al Muhaidib Group, a family-owned conglomerate based in Dammam, Saudi Arabia. The Group was founded in 1943 by his father, Abdulkadir Al Muhaidib, who initially started as a food trader before expanding into building materials and real estate. Emad and his brothers, Essam and Sulaiman, took over the business after Abdulkadir's death in 1996.

Key Business Strategies

Al Muhaidib Group invests in a wide array of sectors, including consumer products, infrastructure, construction, real estate, and finance. The Group has a substantial presence across the Food & Consumer, Industrial & Infrastructure, Real Estate and Financial Investment sectors. The Group owns shares in at least 16 publicly traded companies in Saudi Arabia and Egypt. Emad's emphasis on corporate governance and social programs has steered family fortunes toward sustainable development.

Philanthropy

Emad is involved with the Al Muhaidib Social Foundation (AMSF), the charitable investment arm of Al Muhaidib Group.

Career Timeline

1996

Leadership Transition

Emad Al Muhaidib, along with his brothers Essam and Sulaiman, took over the leadership of the Al Muhaidib Group after the death of their father.

1943

Al Muhaidib Group Founded

Abdulkadir Al Muhaidib founded the Al Muhaidib Group as a general trading company.

Philanthropic Impact

Social WelfareInformation unavailable

Abdulkadir Al Muhaidib Social Foundation

The charitable arm of the Al Muhaidib Group, focused on community welfare, education, health, and environmental sustainability.

Wealth Trajectory