One of World’s Richest Doctors Sees Fortune Surge to $12 Billion

Jan. 25, 2024, 8:16 AM UTC

A Saudi doctor saw his fortune close in on $12 billion on Thursday as shares of his healthcare firm rebounded, returning him to the ranks of the Middle East’s wealthiest private individuals.

Shares in Sulaiman Al Habib’s eponymous company have surged 30% since hitting a one-year low in October. That’s made Al Habib — who founded the firm and holds a 40% stake — the third-richest person in the Middle East who’s not a member of a royal family, according to the Bloomberg Billionaires Index.

The stock has risen sixfold since its initial public offering in 2020, putting ...

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