Sulaiman Abdul Aziz Al Rajhi Quotes


Why borrow if you are not in need of it? You must lend feet to the maximum of your bed only, and not to borrow except in the case of necessity.


Citations

"Al-Rajhi shares his success story." Arab News, Saudi Research and Publishing Company, 23 May 2012.

Related Quotes

Almost every major corporation that is growing must borrow money to finance the growth. There is a great temptation to do this continuously, as if all works out the borrowed money is paid back and the nation has grown. However, not every investment succeeds, and when they do, few nations will take the growth and save it for a future date when a national investment does not work out as well as hoped. Gradually national debt as a proportion of the economy gets larger and larger and it makes mew investments more and more difficult to succeed because of the higher rates of interest that must be paid. Every modern country must find a balance. Those that do not can have a financial disaster such as Greece in the early part of the 21st century.


Sulaiman Abdul Aziz Al Rajhi
Sulaiman Abdul Aziz Al Rajhi
  • Born:
  • Nationality: Saudi
  • Profession: Chairman National Agricultural Development Company (NADEC)

Sheikh Sulaiman bin Abdulaziz Al Rajhi (Arabic :الشيخ سليمان بن عبدالعزيز الراجحي born 1929) is a Saudi Arabian corporate figure and billionaire. As of 2011, his wealth was estimated by Forbes to be $5.9 billion, making him the 169th richest person in the world.