Al Rajhi is the richest family in Saudi Arabia, controlling nearly SR46.3 billion ($12.3 billion) at the end of September and far outpacing the ruling Al Saud family, newspapers in the Gulf Kingdom said on Wednesday.
Al Saud’s wealth was put at around SR32.9 billion ($8.7 billion) at the end of September to maintain its position as the second richest families in the world’s dominant oil power, the report showed.
Citing estimates by the Saudi Al Joman economic consulting centre, the report showed Al Rashid is the third wealthiest family in the Kingdom, with around SR5.77 billion ($1.53 billion). It was followed by Al Akeel family, with a wealth of SR3.77 billion ($one billion) and Al Hakeer with SR2.68 billion ($714 million).
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