Billionaire Saudi Family Breaks Mold on Kingdom’s Secrecy
- BinDawood family’s share sale to drive diversification push
- Government and businesses are opening up to attract investors
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For Ahmad BinDawood, last year’s share offering in the eponymous Saudi grocery business was a chance to shape his legacy at the family firm he’s worked at since the age of eight, while cementing a $3.1 billion fortune built over the decades by his father and uncles.