- Health care created $16.7 billion in wealth in recent years
- Crown Prince has been seeking to lower reliance on oil
Saudi Arabia has long churned out fortunes built on oil and the business surrounding it. That’s changing dramatically as new business empires boom.
A hospital group is set to become the kingdom’s biggest listing of the year, turning its two top shareholders into billionaires. Brothers Mazen and Ammar Fakeeh, the sons of the physician who founded the Dr. Soliman Abdul Kader Fakeeh Hospital Co., will have a combined fortune of at least $2.5 billion after the sale, while their sister Manal will be worth some $600 million, according to the Bloomberg Billionaires Index.
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