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

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