Salim Ahmed Bin Mahfouz

Salim bin Ahmed bin Al Shaiba bin Mahfouz was a Saudi businessman of Hadhrami origin, and the founder of the National Commercial Bank.

The journey of wealth Bin Mahfouz first worked as a governor in Mecca, 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.

Death He died in 1994.

Salim Bin Mahfouz Foundation His children started the Salim Bin Mahfouz Foundation for Civil and Development Work in 2012.