Sulaiman Al Habib founded the medical group that bears his name in 1995 and built it into a publicly traded regional healthcare provider spanning hospitals, clinics and pharmacies. [1][2]
From physician to healthcare founder
Al Habib trained as a physician and founded Dr. Sulaiman Al Habib Medical Services Group in 1995. HMG traces its origins to a single outpatient complex that year, while Forbes describes Al Habib as the group's founder and chairman. [1][2]
The company expanded from that first clinic into a network of medical facilities and pharmacies across the region. HMG says it now has more than 25 medical facilities and 35 pharmacies, giving the founder's wealth a large operating healthcare base. [2]
A public-company stake
HMG listed on the Saudi stock exchange in 2020. Forbes estimates that Al Habib owns about 40% of the company; the percentage is useful as a publisher observation but should not be treated as company-confirmed personal ownership without a matching primary ownership source. [1]
The listing created a public valuation reference for the business that Al Habib built, but the value of a 40% estimated stake still depends on the external ownership estimate and the market price of HMG shares. The company's operating scale and his reported ownership therefore play different evidentiary roles in understanding the fortune. [1][2]
Sources for background
Sources reviewed Sep 15, 2026.
- Sulaiman Al Habib · Forbes · Mar 10, 2026
- A Message From Our Chairman · Dr. Sulaiman Al Habib Medical Services Group
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