This Saudi doctor became billionaire in a flash - An instant billionaire (2024)

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An instant billionaire One of world's wealthiest doctors Sulaiman Abdulaziz Al-Habib Founder of Al-Habib Medical Group Rise to glory

Feb 28, 2020, 01:30:55 PM IST

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An instant billionaire

Sulaiman Abdulaziz Al-Habib, a Saudi Pediatrician has become a billionaire in a flash after the medical group he has founded topped the market at its initial public offering.

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One of world's wealthiest doctors

After state-owned Saudi Aramco's IPO of $30 billion in December, this is the first IPO to be able to generate a net amount of $2.3 billion for one of the world's wealthiest doctors now.

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Sulaiman Abdulaziz Al-Habib

Sulaiman Abdulaziz Al-Habib’s 49% stake in his eponymous company is worth 8.5 billion riyals ($2.3 billion), according to the Bloomberg Billionaires Index, based on the announced selling price of 50 riyals a share.

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Founder of Al-Habib Medical Group

Dr. Sulaiman Abdulaziz Al-Habib is the founder and the Chairman of Dr. Sulaiman Al-Habib Medical Group which owns and operates a number of hospitals and medical centers in Kingdom of Saudi Arabia, United Arab Emirates and Kingdom of Bahrain.

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Rise to glory

He has practiced in the United Kingdom and the Kingdom of Saudi Arabia. He is also a co-owner and board member of Mohammad Al Habib Real Estate Co., a company which owns a number of real estate projects in KSA.

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This Saudi doctor became billionaire in a flash - An instant billionaire (2024)

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