Prince Sultan bin Mohammed bin Saud Al Kabeer

$3.80 B

Ranked #474 in World

About Prince Sultan bin Mohammed bin Saud Al Kabeer

Sultan bin Mohammed Al Kabeer, born in 1954 in Riyadh and a notable member of Saudi Arabia's royal lineage, has significantly impacted the global dairy industry by founding Almarai in 1977. As a successful entrepreneur with a commerce and political science background from King Saud University, Al Kabeer expanded his ventures into agriculture, cement, telecommunications, and banking sectors, holding key positions in various top companies. Despite stepping down from Almarai's chairmanship in 2020, his wealth and influence were prominently recognized, featuring on Forbes Middle East's billionaire ranking and Arabian Business's Saudi Power List. His interests also extend to horse breeding, notably importing award-winning racehorses. In a dramatic turn, Al Kabeer was caught in a 2017 corruption crackdown, highlighting the complexities of business and politics in Saudi Arabia.

Born

January 01, 1954 in Riyadh, Saudi Arabia

Age

72 years

Source Of Wealth

Dairy Farms

Industries

Food And Beverage

Citizenship

Saudi Arabia

Residence

Riyadh

Education

Bachelor of Arts/Science, King Saud University

Spouse

Al Jawhara bint Saad bin Abdulaziz Al Saud

Parent

Mohammed bin Saud Al Kabeer (father)

Sultan bin Mohammed Al Kabeer was born in 1954 in Riyadh, Saudi Arabia. He is the great-nephew of King Abdulaziz and the grandson of the King's sister Noura bint Abdul Rahman. Sultan belongs to the Al Kabeer branch of the Saudi royal family, a cadet branch that is not eligible for succession. He graduated from King Saud University with a bachelor's degree in commerce and political science.

Prince Sultan bin Mohammed bin Saud Al Kabeer: Family

Sultan bin Mohammed Al Kabeer is married and has two sons, Nayef and Saud. His son Nayef succeeded him as the chairman of Almarai's board of directors in March 2020.

Prince Sultan bin Mohammed bin Saud Al Kabeer: Career Highlights

Sultan bin Mohammed Al Kabeer is a prominent Saudi businessman and entrepreneur. He founded Almarai, the largest vertically integrated dairy foods company in the world, in 1977. He made Almarai public in 2005 while retaining nearly 29% shares. In addition to Almarai, Sultan has founded several other successful companies, including Masstock Saudia, Zain Saudi Telecom, Al Salam Bank (Bahrain), and Dana Gas (UAE). He has also served as chairman of the board of Arabian Shield - Bahrain insurance company and Arabian Union for Cement Industries, and as vice president and managing director of Yamama Saudi Cement.

Prince Sultan bin Mohammed bin Saud Al Kabeer: Companies

Sultan bin Mohammed Al Kabeer has founded and been involved with several companies, including:

Almarai
Masstock Saudia
Zain Saudi Telecom
Al Salam Bank (Bahrain)
Dana Gas (UAE)
Arabian Shield - Bahrain insurance company
Arabian Union for Cement Industries
Yamama Saudi Cement

Prince Sultan bin Mohammed bin Saud Al Kabeer: Major Achievements

Sultan bin Mohammed Al Kabeer's major achievements include:

Founding and building Almarai into the largest vertically integrated dairy foods company in the world.
Making Almarai public in 2005.
Co-founding several other successful companies, including Zain Saudi Telecom, Al Salam Bank (Bahrain), and Dana Gas (UAE).

Serving as chairman of the board of Arabian Shield - Bahrain insurance company and Arabian Union for Cement Industries.
Acting as vice president and managing director of Yamama Saudi Cement.

Prince Sultan bin Mohammed bin Saud Al Kabeer: Awards & Achievements

Sultan bin Mohammed Al Kabeer has received numerous awards and recognitions for his contributions to business and entrepreneurship, including:

Forbes Middle East's billionaire ranking in 2017 (ranked third).
Estimated net worth of US$3.8 billion by Forbes Magazine.
Listed as the third richest person in Saudi Arabia in January 2018.
Ranked 38th most powerful Arab by Gulf Business in 2019.
Recognized as one of the most powerful people in Saudi Arabia by Arabian Business Saudi Power List in 2020.

Prince Sultan bin Mohammed bin Saud Al Kabeer: Personal Life & Legacy

Sultan bin Mohammed Al Kabeer is known for his passion for horse breeding and owns Nofa Equestrian Resort outside Riyadh, where he trains around 100 horses. He is also an avid art collector and has a collection of over 1,000 pieces of art.

Prince Sultan bin Mohammed bin Saud Al Kabeer: Trivia

Sultan bin Mohammed Al Kabeer was arrested but not detained on 4 November 2017 as part of a corruption crackdown by a royal anti-corruption committee. His sons Nayef and Saud were detained in late December 2017 for alleged involvement in a protest over the government's decision to stop paying utility bills.

Wealth History

Timeline

1954

Sultan bin Mohammed Al Kabeer was born in Riyadh, Saudi Arabia.

1977

Founded Almarai, the largest vertically integrated dairy foods company in the world.

1980s

Founded Masstock Saudia, a joint agricultural company with an Irish company.

2004

Imported racehorse Total Impact from Chile and won the grade-1 Hollywood Gold Cup.

2005

Made Almarai public while retaining nearly 29% shares.

2015

Purchased grade-1 winning racehorse Spring At Last.

2017

Ranked third in Forbes Middle East's billionaire ranking.

2017

Arrested but not detained on 4 November as part of a corruption crackdown by a royal anti-corruption committee.

2017

Sons Nayef and Saud detained in late December for alleged involvement in a protest over the government's decision to stop paying utility bills.

2018

Removed from Forbes list in March due to uncertainty about asset ownership.

2019

Ranked 38th most powerful Arab by Gulf Business.

2020

Resigned as chairman of Almarai's board of directors in March, succeeded by his son Nayef bin Sultan Al Kabeer.

2020

Recognized as one of the most powerful people in Saudi Arabia by Arabian Business Saudi Power List.

Prince Sultan bin Mohammed bin Saud Al Kabeer : FAQs

What is Prince Sultan bin Mohammed bin Saud Al Kabeer's net worth?

As of 2017, Prince Sultan bin Mohammed bin Saud Al Kabeer's net worth was $3.80 billion.

What are Prince Sultan bin Mohammed bin Saud Al Kabeer's main sources of wealth?

Prince Sultan bin Mohammed bin Saud Al Kabeer's main source of income comes from Dairy Farms.

In which industry does Prince Sultan bin Mohammed bin Saud Al Kabeer primarily operate?

Prince Sultan bin Mohammed bin Saud Al Kabeer is primarily involved in the Food And Beverage industry.

What is Prince Sultan bin Mohammed bin Saud Al Kabeer educational background?

Prince Sultan bin Mohammed bin Saud Al Kabeer holds a Bachelor of Arts/Science from King Saud University.

How old is Prince Sultan bin Mohammed bin Saud Al Kabeer?

Prince Sultan bin Mohammed bin Saud Al Kabeer is 72 years old.

Who is Sultan bin Mohammed Al Kabeer and what is his relationship to Saudi Arabia's royal family?

Sultan bin Mohammed Al Kabeer, born in 1954 in Riyadh, is a great-nephew of King Abdulaziz and the grandson of the King's sister Noura bint Abdul Rahman. He belongs to the Al Kabeer branch of the Saudi royal family, which is a cadet branch not eligible for succession.

What are the major career milestones of Sultan bin Mohammed Al Kabeer?

Sultan bin Mohammed Al Kabeer founded Almarai, the world's largest vertically integrated dairy foods company, in 1977 and took it public in 2005. He also co-founded Masstock Saudia, Zain Saudi Telecom, Al Salam Bank, and Dana Gas. Additionally, he has held significant positions in various companies, including vice president of Yamama Saudi Cement and chairman of the board at Arabian Shield and Arabian Union for Cement Industries.

How has Sultan bin Mohammed Al Kabeer contributed to the world of horse breeding?

Sultan bin Mohammed Al Kabeer is a prominent figure in horse breeding, owning the Nofa Equestrian Resort outside Riyadh where he trains around 100 horses. He has imported notable racehorses such as Total Impact, who won the Hollywood Gold Cup in 2004, and Spring At Last, a grade-1 winning racehorse he purchased in 2015.

What led to Sultan bin Mohammed Al Kabeer's arrest in 2017?

Sultan bin Mohammed Al Kabeer was arrested but not detained on 4 November 2017 as part of a widespread anti-corruption crackdown by a royal committee. His sons Nayef and Saud were detained in late December 2017 for their alleged involvement in protests over the government's decision to stop paying utility bills for royal family members.