Al Habib is the founder and chairman of Dr. Sulaiman Abudlaziz Al Habib Medical Services Group Company, a health care services provider. The Riyadh-based business operates hospitals, clinics, labs and pharmacies throughout Saudi Arabia and in Dubai and Bahrain. It had revenue of 8.3 billion riyals ($2.5 billion) in 2022.
Most of Al Habib's net worth stems from his stake in his publicly traded healthcare group, Dr. Sulaiman Abdulaziz Al Habib Medical Services Group company. It began trading on the Saudi stock exchange in 2020.
Al Habib owns 40.03% of the stock directly, according to the Saudi exchange website in January 2024.
His cash holdings are valued based on an analysis of dividends, proceeds from the initial public offering, taxes, insider transactions and market performance.
A spokesman for the company didn't respond to a request for comment.
Dr. Al Habib founded his eponymous health care company in 1995 when he helped start a hospital in the Al Olaya district of Riyadh. The Olaya Medical Complex grew to become one of the biggest health facilities in the region and its parent company, the Dr. Sulaiman Abdulaziz Al Habib Medical Services Group Company, is one of the largest providers of medical care in the Middle East. The company went public on the Saudi stock exchange in 2020.
The group operates hospitals, outpatient clinics, pharmacies and medical labs, all of which are primarily located in Saudi Arabia.
A trained pediatrician, Al Habib earned his bachelor's degree in medicine from King Saud University in 1977 and completed a fellowship in pediatrics from the British Royal College of Physicians seven years later.