Salim Ahmed bin Mahfouz
Salim Ahmed bin Mahfouz | |
|---|---|
 | |
| Born | 1910 |
| Died | 1994 |
| Resting place | Jeddah |
| Nationality |  Saudi Arabia |
| Occupation | Businessman |
| Known for | 5th top billionaire of 1987 |
| Title | Bin Mahfouz |
| Spouse | Aisha Muhammad Abd al-Wahid Kaaki |
Salim bin Ahmed bin Al Shaiba bin Mahfouz (Arabic: سالم بن أحمد بن الشيبة بن محفوظ) was a Saudi businessman of Hadharem origin, and the founder of the National Commercial Bank.
The journey of wealth
[edit]Bin Mahfouz first worked as a governor in Mecca,[1] 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.[2]
Death
[edit]Salim Bin Mahfouz Foundation
[edit]His children started the Salim Bin Mahfouz Foundation for Civil and Development Work in 2012.[5][6]
References
[edit]- ^ "سالم بن محفوظ يتذكر". sibawayhbooks.com (in Arabic). Archived from the original on 7 September 2020. Retrieved 2020-09-07.
- ^ "عائلة بن محفوظ التجارية .. وتأسيس أول مصرف سعودي" (in Arabic). 2018-05-25. Archived from the original on 2019-12-07.
- ^ Annual Report NCB 1994 Archived 2016-04-06 at the Wayback Machine
- ^ "Bin Mahfouz Information". www.binmahfouz.info. Archived from the original on 24 September 2020. Retrieved 2022-02-15.
- ^ "عائلة بن محفوظ التجارية .. من بيع الفول إلى تأسيس أول مصرف سعودي والانضمام إلى قائمة الأثرياء العرب". مجلة الرجل (in Arabic). 2019-08-18. Archived from the original on 2019-12-07. Retrieved 2020-09-07.
- ^ "من نحن | مؤسسة سالم بن محفوظ الأهلية". www.sbmf.org.sa. Archived from the original on 23 February 2020. Retrieved 2020-09-07.