Wealth Of The Saudi Royal Family . The current saudi court system was created by king abdul aziz, who founded the kingdom of saudi arabia in 1932, and was introduced to the country in stages between 1927 and 1960. Saudi arabia's ruling royal family has a net worth of about $1.4 trillion, which is 16 times more than that of the british royal family. Saudi king names his son, an industry insider, as oil minister, Energy & Commodities THE from www.businesstimes.com.sg In a country that is said to belong to the royal family and is named after it , [67] the lines between state assets and the personal wealth of senior princes are blurred. Focus on growth will be relentless. In the areas of land and energy law the extensive proprietorial rights of the saudi state (in effect, the saudi royal family) constitute a significant feature.
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