Salim Ahmed Bin Mahfouz
Saudi Arabian businessman
Salim bin Ahmed bin Al Shaiba bin Mahfouz (Arabic: سالم بن أحمد بن الشيبة بن محفوظ) was a Saudi businessman of Hadhrami origin, and the founder of the National Commercial Bank.2
From Wikipedia’s article on Salim Ahmed Bin Mahfouz (this version), CC BY-SA 4.0.
Born 1910, died 1994.1
Companies
- The Saudi National BankFounder5
Career
Occupation: manager, businessperson.4
- Date not recordedFounded The Saudi National Bank3
Personal life
Bin Mahfouz first worked as a governor in Mecca, recognizing his abilities and having confidence in him, the Al-Kaki family opted to partner with him in their money-changing business. He then became a correspondent for them.
Salim bin Mahfouz, according to his own account, proposed the idea of a Saudi bank during a newspaper meeting. The Minister of Finance at that time, Ibn Suleiman, was impressed and arranged a meeting for bin Mahfouz with King Abdulaziz Al Saud. The King liked the idea, and soon after, Al-Salam, the first Saudi bank – the Saudi National Commercial Bank – was established. It went on to become the largest banking institution in the Middle East.
From Wikipedia’s article on Salim Ahmed Bin Mahfouz (this version), CC BY-SA 4.0.
Philanthropy
His children started the Salim Bin Mahfouz Foundation for Civil and Development Work in 2012.
From Wikipedia’s article on Salim Ahmed Bin Mahfouz (this version), CC BY-SA 4.0.
Links
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2WikipediaSalim Ahmed Bin Mahfouz on Wikipedia
- 3
- 4
- 5WikidataThe Saudi National Bank, Founder