Sulaiman Hamad Al Gosaibi
Encyclopedia
Sulaiman Hamad Al Gosaibi was Chairman of the Board of the Ahmad Hamad Al Gosaibi & Brothers Group of Companies based in Alkhobar
, Saudi Arabia
until his death in February 2009.
Inheriting a small but growing trading company from their father, Sulaiman was the youngest of three brothers who built a diversified business group with interests across the commercial spectrum, keeping pace with the Kingdom's
petroleum fueled
growth. Sulaiman was, until his death, the sole surviving brother and patriarch
of the family conglomerate
that was once considered among Saudi Arabia
's most formidable merchant
empires. He was its largest shareholder though management of the Group has been primarily delegated to the hands of his nephews, Yousef Ahmad Al Gosaibi (Group President) and Saud Abdul Aziz Al Gosaibi (Group Managing Director). His son, Dawood Sulaiman Al Gosaibi, is also active in family investments.
Khobar
Khobar is a large city located in the Eastern Province of the Kingdom of Saudi Arabia on the Persian Gulf. It has a population of 360,000 and forms part of the greater Dammam metropolitan area along with Dhahran, which together have a combined population of over two million...
, Saudi Arabia
Saudi Arabia
The Kingdom of Saudi Arabia , commonly known in British English as Saudi Arabia and in Arabic as as-Sa‘ūdiyyah , is the largest state in Western Asia by land area, constituting the bulk of the Arabian Peninsula, and the second-largest in the Arab World...
until his death in February 2009.
Inheriting a small but growing trading company from their father, Sulaiman was the youngest of three brothers who built a diversified business group with interests across the commercial spectrum, keeping pace with the Kingdom's
Saudi Arabia
The Kingdom of Saudi Arabia , commonly known in British English as Saudi Arabia and in Arabic as as-Sa‘ūdiyyah , is the largest state in Western Asia by land area, constituting the bulk of the Arabian Peninsula, and the second-largest in the Arab World...
petroleum fueled
Saudi Aramco
Saudi Aramco , officially the Saudi Arabian Oil Company, is the national oil company of Saudi Arabia.Saudi Aramco is the world's largest and most valuable privately-held company, with estimates of its value in 2011 to be $7 trillion USD.Saudi Aramco has both the largest proven crude oil reserves,...
growth. Sulaiman was, until his death, the sole surviving brother and patriarch
Patriarch
Originally a patriarch was a man who exercised autocratic authority as a pater familias over an extended family. The system of such rule of families by senior males is called patriarchy. This is a Greek word, a compound of πατριά , "lineage, descent", esp...
of the family conglomerate
Conglomerate (company)
A conglomerate is a combination of two or more corporations engaged in entirely different businesses that fall under one corporate structure , usually involving a parent company and several subsidiaries. Often, a conglomerate is a multi-industry company...
that was once considered among Saudi Arabia
Saudi Arabia
The Kingdom of Saudi Arabia , commonly known in British English as Saudi Arabia and in Arabic as as-Sa‘ūdiyyah , is the largest state in Western Asia by land area, constituting the bulk of the Arabian Peninsula, and the second-largest in the Arab World...
's most formidable merchant
Merchant
A merchant is a businessperson who trades in commodities that were produced by others, in order to earn a profit.Merchants can be one of two types:# A wholesale merchant operates in the chain between producer and retail merchant...
empires. He was its largest shareholder though management of the Group has been primarily delegated to the hands of his nephews, Yousef Ahmad Al Gosaibi (Group President) and Saud Abdul Aziz Al Gosaibi (Group Managing Director). His son, Dawood Sulaiman Al Gosaibi, is also active in family investments.
See also
- Al GosaibiAl GosaibiThe Al Gosaibi family is a prominent Arab family in the Eastern Province of Saudi Arabia and Bahrain . It is a trading family, involved in many successful businesses.The family origins is from a village in Najd called Qassab...
family - List of billionaires
- AH Al Gosaibi & Bros website