Who Is Mohamed Al Khereiji? Net Worth And Other Interesting Facts

• Mohamed Al Khereiji owns Saudi Media Group that offered a £2.7 billion ($3.5 billion) bid for Chelsea, the bid will be co-funded by a consortium
• He is worth billions of dollars in assets, putting into consideration the £770 million ($1.01 billion) his media firm makes as turnover every year
• He was passionate about sports and built a modern stadium for the Saudi Arabian club Al Nassr

Mohamed Al Khereiji is a Saudi Arabian businessman and CEO of Saudi Media, the group that submitted a £2.7 billion ($3.5 billion) bid for Chelsea in March 2022. He was born in Saudi Arabia where he did his undergraduate studies before moving overseas for his master’s degree program.

He has an outstanding resume from his work experiences in the corporate and business world, from working as an analyst to becoming a director of business and CEO of firms such as Al Arabia, MBC Media Solutions. Besides this, he was onetime Vice President of the “Abdulaleh AlKhereiji Group.”

Background, Education, And Work Experience of Mohamed Al Khereiji

Mohamed was born in May 1971 in Jeddah, Saudi Arabia. He was raised in Saudi Arabia where he had his university education before going overseas to further.

In 2001, he gained admission to Prince Sultan University in Riyad and graduated with a bachelor’s degree in finance in 2006. Four years later, he went for his master’s degree program at the Cass Business School in London and obtained an Executive Master of Business Administration (EMBA) in business administration, management, and operations in 2012.

The Saudi Arabian has built an impressive resume in corporate and business circles. Right after earning his first degree in his native country, he worked as an associate with Deutsche Bank in London and Dubai for three years from June 2006 to September 2009.

In November 2009, he became the director of business development at Al Arabia. He spent almost four years in that position before rising to the rank of deputy CEO in September 2013. After three years, he became the CEO of the firm in March 2016 to date. In 2019, Al Arabia was reportedly listed as one of the global giants of outdoor advertising.

Besides this, he is the chairman of Saudi Media Group, and MBC Media Solutions. Also, he was the Vice President of the Abdulelah Alkhereihi Group from 2009 to 2018.

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He Makes Money From Chain of Businesses And Investments

Looking at his chains of business interests and investments, there is no doubt that  Mohamed is making billions of dollars. Although at this time, his exact net worth is not yet known, there are two indicators that would guide in providing a clue to how rich he is.

The first indicator as reported by the media shows his company, Saudi Media makes an annual turnover of £770 million ($1.01 billion). Well, it is possible to make such a turnover every year considering the fact that the media company is one of the biggest in the Middle East with interests in advertising, hospitality, baking, and sports.

Another indicator is the £2.7 billion ($3.5 billion) bid for Chelsea’s takeover. Nevertheless, the money will not be raised by Mohamed’s Saudi Media alone but by a consortium of companies from Saudi Arabia.

Therefore, going by the mentioned indicators, Mohamed Al Khereiji could be worth billions of dollars.

Do You Know These Interesting Facts About Him?

1. Is He Married?

The Saudi Arabian businessman is a married man. He is said to be married to a woman named Sherine El Khereiji. Also, they have children, but at the time of this writing, information about them is not readily available.

2. He is A Chelsea Fan

Al Khereiji is an ardent supporter of the West London club. Over and above that, he has been to Stamford Bridge on several occasions for Chelsea’s EPL matches. Notably among was the 3-1 win over Arsenal on 4th February 2017. And the 1-1 draw with Manchester United on 28 November 2021 in which Roman Abramovich was also present.

Interestingly, his children are also Chelsea fans.

3. His Father Owns Abdulelah Al Khereiji

Mohamed’s father Abdulelah Alkhereiji founded the “Abdulelah Al Khereiji Group” in the early 1960s. The group is made up of a number of companies that include;

• Al Khereiji Real Estate Company
• Al Khereiji Construction Company
• Al Khereiji Trading & Electronics
• Al Khwarizmi Actuarial Services
• International Company ICTCS

With this group of companies, the Abdulelah Al Khereiji group has been offering world-class services in general trading, contracting, representing big insurance corporations, as well as contributing to industry technology. As earlier mentioned, Mohamed worked with his father’s group of companies from 2009 to 2018, during which he rose to the position of Vice President.

4. Would His £2.7 billion ($3.5 billion) Bid For Chelsea Go Through?

Ever since Saudi Media Group made a £2.7 billion ($3.5 billion) bid for Chelsea of the EPL, reactions, and counter-reactions continue to pour, with the majority saying it wouldn’t work. The major reason why the bid is likely not going to hold water is the speculations that the Saudi Arabian businessman may have links to the Saudi government.

However, other reports indicate that bid would be co-funded by a consortium, without any form of support from the Saudi Arabian government. Well, this is different from the case of New Castle United which is reportedly owned by the Saudi Arabian government through the Public Investment Fund.

So as things stand, no one knows whether the bid would go through or not.

5. He Built A Stadium For Al Nassr

Mohamed has shown his passion for sports and football in particular. Besides being a Chelsea fan, he is also a supporter of the Saudi Arabian club Al Nassr and went a step further to build the club of a state-of-art-stadium in Mrsool Park.

Complete profile of Mohamed Al Khereiji