Prince Abdullah bin Mosaad bin Abdulaziz Al Saud first rose to prominence in business circles by building the Saudi Paper Manufacturing Company, writes James Shield.
The firm, which floated on the Tadawul stock exchange in 2007, sells tissues and an assortment of other related products both under its own brand and to numerous other companies across the Middle Eastern region.
Previously president of Al Hilal, Prince Abdullah vacated his role to oversee SPMC’s operations but retains an honorary position with the 37 time Saudi Premier League champions.
An avid follower of both football and the NFL - the 47-year-old supports the San Francisco 49’ers - his portfolio of interests also include an Arabic sports talk radio station, fantasy sports leagues and various other domestic and international holdings.
SPMC is based in Dammam, capital of Saudi Arabia’s Eastern Province and the kingdom’s fifth largest city. It is also regarded as being the most oil rich region in the world.
Prince Abdullah’s decision to invest in Sheffield United forms part of what one member of his inner-circle described last night as “a desire to spend more time working on projects which are associated with his leisure interests.”
At least one of his seven children is also expected to join Kevin McCabe, David Green and Scott McCabe on Bramall Lane’s revamped board of directors. Other new arrivals include James Phipps, who helped broker the deal with United in his capacity as the prince’s principal advisor, and Turkish national Selahattin Baki.