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Most portfolios, however, such as Finance, Labour, Information, Planning, Petroleum Affairs and Industry, have traditionally been given to commoners, often with junior Al Saud members serving as their deputies. House of Saud family members also hold many of the kingdom's critical military and governmental departmental posts.
The House of Saud — though technically not a company — correlates to the Saudi royal family, which is a nearly century-old monarchy. ... $128.8 billion estimated wealth. Al Saud family: $105 ...
This is a list of richest monarchs and family members, as estimated by forbes.com in 2015, [1] Business Insider in 2018, [2] and the CEOWORLD magazine in 2019. [3] The evaluations are based on their personal net worths, excluding properties held by the State, Government or Crown, and all of the figures are in U.S. dollars.
The order of succession to the Saudi Arabian throne is determined by, and within, the House of Saud.Every King of Saudi Arabia, upon his death, has been succeeded by the crown prince, with a new crown prince then being appointed according to a loose form of agnatic seniority among the sons of Ibn Saud, though various members of the family have been bypassed for various reasons.
The new commercial joint venture will be 70% majority owned by the Public Investment Fund (PIF), the Saudi sovereign wealth fund, while the South Korean automaker will control the remaining ...
The ruling House of Saud will however find that buffing its image through a tourism-boosting global sports tournament is child’s play compared with constructing a self-sustaining auto industry ...
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