20. Ibrahim M Al Alwan

Designation: Managing Director and CEO
Company: Al Akaria
Country: Saudi Arabia
Establishment Date: 1976

Al Akaria’s profile spans residential, retail, and commercial projects. Its subsidiaries include Al Widyan Saudi Real Estate Company and the Saudi Real Estate Infrastructure Company. In the first nine months of 2023, the company recorded revenues of $303.4 million and total assets worth $2.3 billion. It had a market cap of $1.2 billion as of November 14, 2023. In October 2023, Al Akaria signed an MoU with the Royal Commission for AlUla and the AlUla Development Company to develop the Sidrat Alula Project, which will offer over 800 residential units. Al Alwan was appointed as Al Akaria’s managing director in 2019. He is also the chairman of Saudi Real Estate Infrastructure Company (BINYAH).