Sulaiman Al Muhaidib

Net Worth

$2.494B

-0.43% (24h)

Sulaiman Al Muhaidib is the Chairman of the Al Muhaidib Group, a prominent Saudi Arabian family-owned conglomerate with a diversified portfolio. His leadership has been instrumental in the group's expansion across various sectors, including food and consumer goods, industrial and infrastructure development, real estate, and financial investments. With a net worth of $3.6 billion, Sulaiman Al Muhaidib has significantly contributed to Saudi Arabia's economic landscape, overseeing a company with over 10,000 employees and investments in numerous public companies. His career is marked by a commitment to diversification and sustainable growth, contributing to Saudi Arabia's Vision 2030.

The Full Dossier

Early Life

Sulaiman Al Muhaidib was born on February 23, 1955, in Riyadh, Saudi Arabia. His early life was rooted in the entrepreneurial environment of Saudi Arabia, where his father, Abdulkadir Al Muhaidib, laid the foundation for what would become a major diversified conglomerate. The family's business journey began in the 1940s with a focus on trading agricultural produce and livestock, marking the beginning of their significant presence in the region.

Rise to Success

Sulaiman's career took shape within the family business, A.K. Al-Muhaidib & Sons Group of Companies, which later evolved into Al Muhaidib Group. He became the chairman in 1997. Under his guidance, the group has expanded into various sectors, including food and consumer products, industrial and infrastructure, real estate, and finance. The Al Muhaidib Group has investments in at least 16 publicly traded companies in Saudi Arabia and Egypt. His leadership has been crucial in navigating the group's growth and diversification.

Key Business Strategies

Al Muhaidib's business acumen is evident in Al Muhaidib Group's strategic diversification and its focus on sustainable growth. The group's strategy involves maintaining a presence in diverse independent economic sectors, ensuring resilience. The group has emphasized investments in Saudi Arabia and the broader Middle East, contributing to the region's economic development. Al Muhaidib also prioritizes developing human capabilities within the group, fostering a culture of innovation and entrepreneurship to equip the next generation of leaders.

Philanthropy

Al Muhaidib is associated with the Abdulkadir Al Muhaidib Social Foundation, the group's social arm, which focuses on community welfare, education, health, and environmental sustainability. The foundation's initiatives reflect the group's commitment to social responsibility and sustainable impact. The Abdulkadir_AlMuhaidib_Foundation received the Impact Award 2025 at the Family Business Council Gulf Awards Ceremony in Oman, recognizing its contributions to community development.

Career Timeline

2025

Al Muhaidib Group Tops Forbes Arab Family Businesses List

Al Muhaidib Group was ranked first in the Forbes Middle East Top 100 Arab Family Businesses list.

2012

Honorary Doctorate

Received an honorary doctorate from the University of Tokyo for his contributions to the Middle East.

1997

Chairman of Al Muhaidib Group

Assumed the role of Chairman, leading the group's strategic direction and expansion.

1976

Joined Al Muhaidib Group

Began his career within the family business, gaining experience in various aspects of the company.

Philanthropic Impact

Community DevelopmentN/A

Abdulkadir Al Muhaidib Social Foundation

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