Quick Facts
Biography
Sultan bin Mohammed bin Saud Al Kabeer (born 1954 in Riyadh) is a member of House of Saud and a businessman. He is one of the founders of Almarai which is the largest vertically integrated dairy foods company in the world.
Early life and education
Prince Sultan belongs to the Al Kabeer branch of the Saudi Royal Family. This branch are the descendants of Prince Saud, who was an uncle of Ibn Saud, the founder of the present Kingdom of Saudi Arabia. As such, the Al Kabeer family is a cadet branch of the royal family and are not eligible to succeed to the throne.
Paternal grandmother of Prince Sultan is Nourah bint Abdulrahman who was the sister of Ibn Saud. He was born in 1954 in Riyadh and is a graduate of King Saud University having a bachelor’s degree in commerce and political science.
Career
Prince Sultan founded the dairy company Almarai in 1977 and subsequently made it public in 2005 whilst retaining shares of nearly 29%. He is the chairman of the board of Arabian shield - Bahrain insurance company and Arabian Union for Cement Industries, and serves as vice president and managing director of Yamama Saudi Cement. He is one of the founders of Zain Saudi Telecom, Al Salam Bank (Bahrain), Dana Gas based in UAE. He also keeps a stud farm outside Riyadh where he trains around 100 horses.
In March 2020 Prince Sultan resigned from his post as chairman of the board of directors of Almarai Company. He was succeeded by his son Nayef bin Sultan Al Kabeer.
Arrest
On 4 November, 2017, Prince Sultan was arrested but not detained. This was following a "corruption crackdown" conducted by a new royal anti-corruption committee.
Wealth
Prince Sultan was reported to be third in the Forbes Middle East's billionaire ranking in 2017 and Forbes Magazine estimated his net worth at US$3.8 billion. As of January 2018, it listed him the third richest person in Saudi Arabia. However, in March 2018 he was removed from the list due to the fact that it was not clear whether or not he still had the assets.