Khalid bin Mahfouz

Khalid bin Mahfouz
Born(1949-12-26)December 26, 1949
Jeddah, Saudi Arabia
DiedAugust 16, 2009(2009-08-16) (aged 59)
Jeddah, Saudi Arabia
OccupationInvestor
Websitewww.binmahfouz.info

Khalid bin Mahfouz (Arabic: خالد بن محفوظ; December 26, 1949 – August 16, 2009[1]) was a Saudi Arabian billionaire, banker, businessman, investor and former chairman of the National Commercial Bank (NCB). Khalid is the son of Salem Bin Mahfouz, a Saudi entrepreneur who rose from being a small-time moneychanger to becoming the founder of the NCB, the first private Saudi bank.

With a personal wealth estimated to be around $6 billion , Bin Mahfouz ranked 24th in Arabian Business magazine's list of the world's most influential Arabs in 2008.[2] In the same year, Bin Mahfouz ranked number 214 in Forbes Billionaires List[3]

After the September 11 attacks on New York and Washington, in which 15 of the 19 hijackers were Saudis, considerable suspicion fell on Saudi financiers and charities as sources of financing for terrorism and Khalid Bin Mahfouz faced accusations in books, newspapers and magazines that he and his family had funneled money to Al Qaeda.

  1. ^ Martin, Douglas (27 August 2009). "Khalid bin Mahfouz, Saudi Banker, Dies at 60". The New York Times. Archived from the original on 2017-11-21. Retrieved 23 May 2011.
  2. ^ "Power 100 2010". Arabian Business.
  3. ^ "Khalid Bin Mahfouz & family, The World's Richest People - Forbes.com". Forbes.