Al-Sanea trained as a fighter pilot with the Kuwait Air Force. But he had already started his business dealings in trading and contracting while still at high school, and not surprisingly chose to form what became the Saad Group rather than spend his life in the skies.
The Group has since evolved into a leading service-oriented organisation with one of the largest turnover in Saudi Arabia and annual sales of more than US$1bn. Headquartered in Al Khobar, the group now has operations throughout Saudi Arabia, as well as offices in Bahrain, Geneva and London, with associated companies in Kuwait, Portugal, France, Jersey, the Cayman Islands, the Netherlands Antilles and the US.
Al-Sanea’s empire consists of nearly 40 businesses stretching across five Continents. Maan al-Sanea and Geneva-based Saad Investments recently bought a 27.09% interest in the UK’s Berkeley Group Holdings PLC and a chunk of fund management group Syndicate Asset Management. Formed in 1980, it began operations principally in civil construction projects in the Western Province of the Kingdom of Saudi Arabia.
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