Business Activities
Khalid Abdullah's main business activities came through Mawarid Holding, one of Saudi Arabia's largest and most diversified private businesses with extensive dealings in financial services, manufacturing, construction, medical supplies, catering, telecommunications and the media. A study of the commercial activities of members of the House of Saud published in 2001 listed 65 separate entities in which Prince Khalid held an interest. Among his businesses he is the owner of Orbit Communications Company, serves as chairman of the Saudi Chemical Company's board of directors, and is chairman of Saudi Arabian Amiantit Company. By the early 2000s responsibility for running his business had passed, in part, to Prince Khalid's four sons.
In 1990, Prince Khalid's wealth was estimated by Fortune magazine at $1.0 billion.
Read more about this topic: Prince Khalid Abdullah
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