Saudi businessman Suleiman Abu Nami, the biggest investor in the Saudi and Egyptian stock exchanges, has died aged 87.
Abu Nami was also one of the major investors in the Saudi real estate market.
He focused on long term investments and owned considerable shares in banks and joint-stock companies.
The Saudi magnate was also a key investor in the Egyptian stock market and owned shares in Egyptian companies such as SODIC, and Beltone Financial Holding.
Edited translation from DPA