FAHAD AL ATHEL • Net Worth $2.2 Billion • House • Yacht • Private Jet • FAL Holdings

Name:Fahad al Athel
Net Worth:US$ 2.2 billion
Source of Wealth:FAL Holdings
Born:May 10, 1948
Country:Saudi Arabia
Children:Bader, Mohammad, Turki
Private Jet:(VP-CFA) Embraer Legacy 600

Who is Fahad al Athel?

For decades, Fahad al Athel has been a name synonymous with influence and entrepreneurial success in Saudi Arabia. Born in May 1948, this prominent businessman, renowned philanthropist, and devoted family man, is the force behind FAL Holdings, one of Saudi Arabia’s leading conglomerates. As a testament to his influence, Fahad al Athel stands as one of the most powerful figures in Saudi Arabia, shaping the economic and social landscape of the country.

Key Takeaways:

  • Fahad al Athel is a prominent businessman in Saudi Arabia, known for founding FAL Holdings.
  • FAL Holdings operates in several sectors, including healthcare, technology, and real estate, and owns businesses such as GAMA Hospital, Detecon al Saudi, and FAL Motors.
  • Under Fahad al Athel’s ownership, FAL Holdings also owns London Ashford Airport and Yachtley, a shipyard based in Turkey.
  • Yachtley is known for building luxury superyachts and yacht refitting services.
  • With an estimated net worth of US$ 2.2 billion, Fahad al Athel exemplifies entrepreneurial success.

FAL Holdings: A Pioneering Force in Diverse Sectors

FAL Holdings is an embodiment of Fahad al Athel’s visionary leadership and strategic prowess. The company is a prominent player in diverse sectors, such as healthcare, technology, and real estate, contributing significantly to Saudi Arabia’s socio-economic growth.

Within FAL Holdings’ impressive portfolio are several thriving companies. This includes GAMA Hospital, a healthcare facility committed to providing top-tier medical services, and Detecon al Saudi, a pioneer in communication and IT solutions. The group also boasts the FAL Beach Resort, a popular leisure destination, and FAL Motors, the prominent importer of ZXAUTO, the second-largest automobile brand in the Republic of China.

FAL Holdings’ impressive performance, with revenues surpassing US$ 600 million and a dedicated workforce of more than 4,000 employees, reflects the group’s industry leadership. Furthermore, FAL Holdings’ international ventures include the ownership of London Ashford Airport and the esteemed yacht builder, YachtLey.

Yachtley: Crafting Luxury Yachts for the Elite

Yachtley, based in Turkey, is another successful venture under Fahad al Athel’s umbrella. The shipyard is renowned for constructing two iconic superyachts, the Elements and the Nourah of Riyadh. Yachtley is also recognized for its expertise in refitting yachts, further cementing its position in the luxury yacht industry.

Fahad al Athel’s Net Worth

Owing to his varied business interests and entrepreneurial success, Fahad al Athel has amassed a significant fortune. His net worth is currently estimated to be around US$ 2.2 billion, a testament to his business acumen and dedication.

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Yacht Elements Owner

Fahad al Athel

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Fahad al Athel House

Fahad al Athel Yacht

He is the owner of the yacht Elements. It was built at YachtLey, which is part Al Athels’ FAL Group. The yacht was originally built for another owner, who withdrew from the project.

The ELEMENTS yacht is an embodiment of luxury and sophistication, built by the notable shipyard Yachtley.

Boasting robust MTU engines, ELEMENTS can reach an impressive speed of 20 knots and has a cruising speed of 14 knots.

The yacht, which can accommodate 24 guests and a crew of 29, features an exquisite interior design by Cristiano Gatto.