How the House of Saud Became the Richest Family in the World In 1938, vast oil deposits were discovered in the country, leading to the rise of Saudi Aramco, the state-owned oil company that is now ...
The House of Saud traces its origins back to the 18th century when Muhammad bin Saud established the first Saudi state in 1744 in partnership with Islamic reformer Muhammad ibn Abd al-Wahhab.
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