Top 100 Arabs 2024

24. HH Prince Naif Bin Sultan Bin Mohammed Bin Saud Al Kabeer

Chairman, Almarai

Origin: Saudi Arabia

Residence: Saudi Arabia

Sector: FMCG

2023 Rank: 23

Prince Naif is the visionary behind Almarai’s remarkable ascent as a global food and beverage leader.

Almarai has demonstrated exceptional growth, reporting a 16 per cent year-on-year increase in net profit to SAR2.04bn in 2023, followed by a further 12.88 per cent increase to SAR2.31bn in 2024. Sales also rose to SAR20.97bn in 2024.

Almarai, recognised as the fourth most valuable dairy company globally by Brand Finance for two consecutive years, boasts a brand value of $3.9bn, showcasing the impact of his leadership.

With a market value exceeding SAR56bn on the Saudi Stock Exchange, Almarai stands as the world’s largest vertically integrated dairy company and a leading food and beverage producer and distributor in the Middle East.

Prince Naif’s vision has driven Almarai’s expansion across nine countries on five continents, serving over 150 million consumers. The company’s diverse portfolio of over 670 products, underscores its commitment to quality and innovation.

Fahd Hamidaddin

Saeed Mohammed Al Ghamdi