Saud Abdul Aziz Algosaibi
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Saud Abdul Aziz Al Gosaibi (1963-) (Arabic سعود عبد العزيز القصيبي) is the Managing Director of Ahmad Hamad Al Gosaibi & Brothers, a leading Saudi Arabian based business group. He graduated from St. Edwards University in Texas. The only son of Abdul Aziz Hamad Al Gosaibi , Saud inherited his father's stake in the family owned conglomerate. His older sister, Sanaa bint Abdul Aziz Al Gosaibi, is married to Maan Abdul Wahed Al Sanea, with whom she owns Saudi Arabia's diversified Saad Group of Companies[1].
Ahmad Hamad Al Gosaibi & Brothers (A.H. Al Gosaibi & Bros.) was founded by Saud Abdul Aziz Al Gosaibi's grandfather, Hamad, whose three sons, Ahmad, Abdul Aziz and Suleiman, organized it into its present corporate identity. Suleiman is the lone surviving brother and chairman of the Alkhobar, Saudi Arabia based A.H. Al Gosaibi & Brothers Group. In addition to Saud, his cousins (and founder Hamad's other grandsons), Yousef Ahmad Al Gosaibi(Group President), Khalid Ahmad Al Gosaibi, Abdul Mohsin Ahmad Al Gosaibi and Dawood Suleiman Al Gosaibi sit on the holding companies' corporate board along with the family's long time Palestinean associate, Mohammed Hindi.
A.H. Al Gosaibi & Brothers Group investments include the ownership of the National Bottling Company(KSA),which bottles Pepsi Cola beverages in Saudi Arabia's Eastern Province, the locally renown Al Gosaibi Hotel, the A.H. Al Gosaibi & Bros. Money Exchange (which holds the Saudi rights for distribution of the American Express Gold card and Amex traveller checks), The International Banking Corporation (TIBC -Bahrain), and multiple, banking/financial, shipping, trading and manufacturing ventures. The Al Gosaibi Group have corporate partnerships with Continental Can, Crown Cork Holdings, SABIC, Olayan Holdings, the Al Moajil Group, and British Petroleum in manufacturing operations throughout the Middle East. Their trading activities, which includes a major parts supplier to oil giant, Saudi Aramco, represent companies as diverse as Sumitomo of Japan, Jeumont of France, Mirrlees Blackstone of the United Kingdom, and the US based ShawCor. Active in Saudi Arabia's publicly traded Tadawul[2]" market, they are either the largest or among the largest shareholders in SAMBA, the Arab National Bank, the Saudi British Bank(SABB)[3], Eastern Cement, Saudi Cement, Arabian Industrial Development (NAMA), Savola, SCECO(East), Saudi Hotels, Saudi Chevron Phillips, the Tihama Media Group and United Sugar to name a few. Their extensive real estate holdings rival those of the Saudi royals, and they rank, along with some of the Kingdom's other well known families such as Juffali[4], Alireza [5], Bin Laden [6], Al Rajhi [7], BaKhashab [8], Sharbataly [9], BinZagr[10], Zamil [11], Bin Mahfouz [12], Olayan [13], Suleiman [14], Kamel [15]and the Riyadh based distantly related Algosaibi family [16], at the highest and wealthiest tier of Saudi Arabia's influential merchant class.
The Al Gosaibi family are also known to have provided seed capital and project funding to other companies who have developed their own separate, and substantial, corporate profiles. Examples of these include the Yousef Ahmad Al Gosaibi Group[17], the Saad Group [18], and the Gama Al Moushegah Group[19].
The Al Gosaibis have a well-developed philanthropic reputation playing key roles in founding & funding Saudi & international based Islamic welfare organizations. Examples of these include the Saudi based Fatat Al Khaleej[20] and the British based AlBirr Foundation[21].
