Mohamed Al Issa Net Worth is$2.3 Billion
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Profession: Businessperson | Investor

Date of Birth: 1959

Nicknames: MBI Al Jaber

Country: Jeddah

Mohamed Al Issa is a Saudi Arabian billionaire who has a net worth of $2.3 billion. Mohamed Al Issa is one of the largest investors in Saudi Arabia's stock market. He is the major shareholder of Savola Group, one of the largest Saudi Arabia's food conglomerates and Riyad Bank, country's commercial banking giant. In December 2012, he named his son Abdullah as chairman of Saudi Hotels & Co., which both owns and operates numerous hotels across the country, including a Marriott in Riyadh. Thanks to his constantly growing wealth he is one of Saudi Arabia's richest people.
Mohamed Bin Issa Al Jaber (Arabic a??U??-U??? ??U? ??U???U? ??U?????????, DIN 31635 Mua,?ammad bin E?A?ssA? al-C?A?bir, born 1959 in Jeddah) is a Saudi Arabian businessman and philanthropist, who also holds Austrian nationality. He is known for hotel and resort investments through MBI International. He lives in Paris, London, Vienna and Jeddah.
Mohamed Bin Issa Al Jaber is chairman and CEO of MBI International & Partners, headquartered in London.
His MBI International group compromises the following companies:
MBI International & Partners and its companies are estimated to be worth more than $7 billion. In April 2011, Al Jaber announced that he owned 80% of the Group and mentioned a 300 million euro profit for the year 2010.
Al Jaber was listed as a Saudi billionaire in March 2013 by Forbes and in April 2013 featured in The Sunday Times Rich List at number 15, the highest entry for an Arab.
In 1982, Al Jaber founded Jadawel International Construction & Development. In 1989, JJW Hotels & Resorts was established in Portugal; it currently operates 60 hotel and leisure resorts in Europe and the Middle East. In 1992, AJWA Group for Agro and Food Industries commenced operations following the construction of the largest rice storage and processing facility in Saudi Arabia at Jeddah Islamic Port.
In 2003, Al Jaber opened negotiations to purchase J.A. Jones Construction, a US subsidiary of the failed Philipp Holzmann construction group. However, the negotiations were not completed. On April 14, 2003 The Charlotte Business Journal reported J.A. Jones to break up as Saudi Buyout falters. a??MBI International. . . failed to abide by the terms of the stock purchase agreement they had signed in January.a?? September 30, 2003 the administrator for the seller, Mr. Ottmar Hermann, announced he was considering suing the MBI trust over the failure of the JA Jones transaction. Philipp Holzmann considers suing MBI Trust over J A Jones (Holzmann sucht Genugtuung fur US

Mohamed Al Issa Latest News

Sheikh Mohamed offers condolences to UAE family

His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, offered his condolences to Isa Mohammed Al Qubaisi on the death of his son. While visiting the residence of the family in ...
Posted: August 12, 2017, 5:09 pm

HM King receives Halliburton's President

Manama, Aug 20 (BNA): His Majesty King Hamad bin Isa Al Khalifa, today at Sakhir Palace, received Oil Minister Shaikh Mohammed bin Khalifa Al Khalifa accompanied with President and CEO of Halliburton Company, Jeff Miller. HM the King praised the Bahraini ...
Posted: August 19, 2017, 5:00 pm

Qatar moves ICAO on intimidating Al Arabiya animation

The statement said that Qatar has demanded, through its Representative to the ICAO Issa Abdullah Al Maliki ... Qatar’s Foreign Minister H E Sheikh Mohamed bin Abdulrahman Al Thani said that the siege countries have not yet submitted, after 75 days ...
Posted: August 20, 2017, 6:09 am

Dr. Al-Isa lectures the east Asians on the moderation values of Islam

Jakarta, Dhu-Al-Qa'dah 24, 1438, August 16, 2017, SPA -- Dr. Mohammed bin Abdulkarim Al-Isa, Secretary General of Makkah-based Muslim World League (MWL), an intellectual umbrella of all Muslim countries, confirmed the keenness of his organization on the ...
Posted: August 16, 2017, 11:59 pm

Arab Fighters Struggle to Assert Role in Raqqa Assault

SDF spokesman Mostafa Bali said Foj al-Raqqa was made up of men from the city. But in a sign of its subsidiary role, two other senior SDF officials in the alliance's office in the town of Ain Issa said they ... second-in-command, Mohammed Hawi, described ...
Posted: August 16, 2017, 6:54 am
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