Background
Ghaith Pharaon is the son of the former Saudi Ambassador to all Europe from 1948 until 1954. He attended schools in Lebanon, Syria and Switzerland. His university education was in the USA at the Colorado School of Mines from 1958 to 1961 (in which he received a doctorate) followed by the Stanford University from 1962 to 1963; and Harvard Business School from 1963 to 1965 (until his graduation).
He was appointed as a member of the board of associates of Harvard Business School and as a member of the International Development Council of the Colorado School of Mines.
After graduating from Harvard, Ghaith Pharaon formed the Saudi Research And Development Corporation, Ltd.(REDEC), the largest private entreprise in the Middle East.
Pharaon was a key player in the global oil and banking industries in the 1970s and 1980s and at one time, the No. 2 Saudi investor in the United States. His investments include Interdec inc., the CRS Group, the Moran Company and he had several banks previously owned by James R. Bath in Georgia like the National Bank of Georgia. Pharaon is currently still active and a prominent player in Saudi Arabia, Pakistan, Algeria, Jordan, Argentina and elsewhere.
Interestingly, he was a major investor in Arbusto Energy, the President George W. Bush's first business venture, After several attempts, Arbusto Energy emerged in 1986 as Harken Energy Corporation, with George W. Bush prominently on the board of directors.
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