Khalid Bin Mahfouz

Picture of Khalid Bin Mahfouz

Date of Birth: 1929

Age: 86

Citizenship: Saud.Araviya


The well-known Saudi billionaire heir and owner of a major bank National Commercial Bank of Saudi Arabia (NCB). His net worth is estimated at approximately $ 3.1 billion (according to Forbes magazine, which placed a billionaire on one of the places on the list of most influential people in the world).

Khalil - the eldest of the sons of Salim Ahmed Bin Mahfouz - Saudi entrepreneur who founded the National Commercial Bank of Saudi Arabia (NCB). While the bank was a large financial units in the country, and Salim Ahmed - the personal banker of the Saudi royal family.

In the 1980s, the bank began to manage the Khala.

Subsequently, it was associated with him a lot of disputes. For example, Khalil repeatedly accused that he supported al-Qaeda, but the representatives of the Khala Mahfouz (himself included) came out against such accusations, claiming that Khalil has always condemned terrorism in all its forms and manifestations.

Khalil Bin Mahfouz categorically denied his own involvement in the financing of Al Qaeda (according to unconfirmed reports a large number of Saudi businessmen transferred millions of dollars through the bank Khalil NCB to charities acting as funds supporting Al-Qaeda). In fact, there is no evidence that Mahfouz was personally involved in any of these transactions.

yet many other scandals, was associated with Khalil Bin Mahfouz.

For example, Mahfouz was the director of the bank Bank of Credit and Commerce International, which was subsequently charged with fraud and money laundering, bribery, support of terrorism, trafficking in weapons and many other crimes. Naturally, Mahfouz`s name appeared throughout the litigation process.

At the same time, Khalil participated in the creation of so-called charity fund - Muwafaq Foundation. Fund Manager has been appointed as the eldest son of the billionaire - Abdulrahman Bin Mahfouz. Ksozhaleniyu, and this organization later accused of financing terrorists and their support. Things reached the point that Khala was named one of the seven main individual Saudi sponsors of Al Qaeda, and even the United Nations has declared him a terrorist financier.

Numerous charges against Mahfouz family and received by the press, and a large number of political analysts.

However, - until a certain time. In November 2006, most of them renounced his accusations - they brought Khala Mahfouz and his son an apology and pledged to never again accuse this family of pandering to terrorism.