Saudi Arabia a nation with immense wealth and power is no surprise that the controversy over who controls Saudi Arabia has become a contentious issue 🇸🇦 ️ ..
Saudi Arabia is ultimately owned by the House of Saud, founded in 1744 by Mohammed bin Saud and one of the oldest and most powerful royal families worldwide! Since 1932, King Salman bin Abdul Aziz has held onto power as head of this powerful family; his brother King Abdullah died in 2015 and he ascended to the throne as head of House of Saud.
The House of Saud has a vast and diverse portfolio of assets, ranging from energy, and banking to real estate and media 🏠 🏦 ️. The family has direct control over several major companies, including the state-owned oil giant Saudi Aramco, the largest oil exporter in the world 🇸🇦 👪 🌍. They also own the national airline, Saudi Arabian Airlines, and the Islamic Development Bank 🇸🇦 🏦.
The House of Saud owns a significant share in the Saudi economy holding major stakes in banks construction companies and telecommunications businesses 🇸🇦 🏠 🏦 ️ 🚧. They have significant investments abroad too – Citigroup JP Morgan and Berkshire Hathaway being three examples 🇯🇵 3️⃣.
In addition to the House of Saud, Saudi Arabia is also owned by a number of other powerful entities 🇸🇦 🏠 ️. The Saudi Arabian government is an absolute monarchy, and it is controlled by the royal family. The government holds significant stakes in many of the country’s top companies including Saudi Aramco and Saudi Arabian Airlines 🇸🇦 🔝. The government also has a controlling stake in several of the country’s banks and investment firms 🏦 ️.
The Saudi government exerts immense power over the economy, controlling foreign investment and setting economic policies 🇸🇦. It was also instrumental in setting up the world’s first sovereign wealth fund – Public Investment Fund – with a portfolio worth more than $300 billion 🆙 ️ 🌍.
Finally, there are a number of individuals, families, and groups that own parts of Saudi Arabia 🇸🇦 ️. These include members of the royal family prominent businessmen and wealthy foreign investors 👪. Many of these investors have significant stakes in the country’s top companies and their investments help to drive the Saudi economy 🇸🇦 🔝.
In conclusion, the answer to the question of who owns Saudi Arabia is complex and multi-faceted 🇸🇦 ❓. The ultimate owners are the members of the House of Saud, who have held power in the country since its founding. The government holds significant stakes in the economy and powerful individuals families and entities also own parts of the country. !! .
🇸🇦 🏠 ️ 🇯🇵 🚧 ❓ 👪 🏦 🆙 🔝 3️⃣ 1️⃣