Rakan Abunayyan
Chairman at THE MEDITERRANEAN AND GULF COOPERATIVE INSURANCE AND REINSURANCE COMPANY
Net worth: 81 M $ as of 2024-03-30
Profile
Rakan Abdullah Rashed Abunayyan is currently the Chairman at Mediterranean & Gulf Insurance & Reinsurance Co. He is also the Vice Chairman at Abunayyan Trading Corp., the Director at Jobar International Contracting Co., and the Non-Executive Director at The First Milling Co. In the past, he worked as the Chief Investment Officer at Abunayyan Holding.
Mr. Abunayyan completed his graduate degree at the University of Illinois in 2005 and his undergraduate degree at King Saud University in 2001.
Known holdings in public companies
| Company | Date | Number of shares | Valuation | Valuation date |
|---|---|---|---|---|
| 2024-02-04 | 12,652,500 ( 12.05% ) | 81 M $ | 2024-03-30 |
Rakan Abunayyan active positions
| Companies | Position | Start |
|---|---|---|
| THE MEDITERRANEAN AND GULF COOPERATIVE INSURANCE AND REINSURANCE COMPANY | Chairman | 2019-05-14 |
| THE FIRST MILLING COMPANY | Director/Board Member | 2020-12-30 |
Abunayyan Trading Corp.
 Abunayyan Trading Corp. Wholesale DistributorsDistribution Services Abunayyan Trading Corp. engages in trading, manufacturing, servicing, and investing in water, oil, gas, and power markets. It provides solutions across the water, wastewater, diesel generators, heavy machinery, logistics, and forklifts and electrical solutions. The company was founded by Abdullah Rashed Abunayyan in 1950 and is headquartered in Riyadh, Saudi Arabia. | Director/Board Member | - |
| Jobar International Contracting Co. | Director/Board Member | - |
Former positions of Rakan Abunayyan
| Companies | Position | End |
|---|---|---|
Abunayyan Holding
 Abunayyan Holding Miscellaneous Commercial ServicesCommercial Services Abunayyan Holding engages in the provision of power generation and irrigation systems. Its activities include the manufacture and distribution of electrical machinery and equipment, including switchgears & control panels, water meters, pipes, pumps & valves, power control, and industrial & building automation systems. The company was founded by Abdullah Rashed Abunayyan in 1950 and is headquartered in Riyadh, Saudi Arabia. | Chief Investment Officer | - |
Training of Rakan Abunayyan
| University of Illinois | Graduate Degree |
| King Saud University | Undergraduate Degree |
Experiences
Positions held
Connections
1st degree connections
1st degree companies
Male
Female
Members of the board
Executives
Linked companies
| Listed companies | 2 |
|---|---|
| THE MEDITERRANEAN AND GULF COOPERATIVE INSURANCE AND REINSURANCE COMPANY | Finance |
| THE FIRST MILLING COMPANY | Process Industries |
| Private companies | 3 |
|---|---|
Abunayyan Holding
Abunayyan Holding Miscellaneous Commercial ServicesCommercial Services Abunayyan Holding engages in the provision of power generation and irrigation systems. Its activities include the manufacture and distribution of electrical machinery and equipment, including switchgears & control panels, water meters, pipes, pumps & valves, power control, and industrial & building automation systems. The company was founded by Abdullah Rashed Abunayyan in 1950 and is headquartered in Riyadh, Saudi Arabia. | Commercial Services |
Abunayyan Trading Corp.
Abunayyan Trading Corp. Wholesale DistributorsDistribution Services Abunayyan Trading Corp. engages in trading, manufacturing, servicing, and investing in water, oil, gas, and power markets. It provides solutions across the water, wastewater, diesel generators, heavy machinery, logistics, and forklifts and electrical solutions. The company was founded by Abdullah Rashed Abunayyan in 1950 and is headquartered in Riyadh, Saudi Arabia. | Distribution Services |
| Jobar International Contracting Co. |
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