Khalid Al-Baltan

Khalid Al-Baltan is a distinguished Saudi businessman who carved a prominent place for himself in the investment world, primarily through the real estate sector. Starting from modest beginnings as a student entrepreneur, his remarkable business acumen and influential personality led him to unparalleled success in Saudi Arabia’s booming real estate market. Besides his business accomplishments, Al-Baltan has become a recognized personality in Saudi football, serving as president of the prominent sports clubs Al-Shabab and Al-Hazm, and achieving substantial success through innovative management strategies.

Born on August 18, 1968, in the Saudi capital Riyadh, Khalid Al-Baltan spent his early years studying at local educational institutions. He attended Imam Muhammad Ibn Saud Islamic University in Riyadh, majoring in Library and Information Sciences, although he wasn’t able to complete his studies, as exceptional business opportunities began to occupy most of his time. Showing clear business intuition even as a teenager, Al-Baltan received strong support from his father, who entrusted him with commercial responsibilities while still in high school. After the Gulf War in 1991, he sealed his first major real estate deal, buying commercial land from renowned real estate expert Ibrahim bin Saeedan. His father, impressed by Khalid’s initiative, joined him as a business partner, marking the start of Al-Baltan’s prosperous career.

Al-Baltan owns a $15 million private jet, reflecting his luxurious lifestyle.

Khalid Al-Baltan is married and has three sons—Al-Waleed, Abdul Majeed, and Badr—and three daughters, Ghidaa, Rima, and Joud. Beyond his entrepreneurial and sporting responsibilities, he enjoys international travel, particularly favoring Austria for its scenic landscape. He is well-known for his elegant fashion choices, frequently investing in branded clothing for himself and his family. Al-Baltan was deeply attached to his mother, attributing much of his success to her blessings and unwavering support.

– He bought his private jet for approximately $15 million.

– He made his initial fortune through real estate investments after successfully completing early business deals in the early 1990s.

– His father affectionately nicknamed him “Saqry” (meaning “My Falcon”), reflecting great faith in Khalid’s potential.

Khalid Al-Baltan has led various successful ventures, most notably as CEO and Chairman of Khalid Al-Baltan Real Estate Group. He is also involved as an investor or partner in several major Saudi corporations including:

– Saudi Ground Services Company

– Al-Ahsa Development Company

– Al-Jazira Bank (Takaful partnership)

– National Ground Support Aviation Company

– Advanced Petrochemical Company

– Falcom Financial Services Company

His landmark real estate purchases such as the acclaimed development schemes Durat Al-Shamal and Al-Khuzama from Prince Khalid bin Sultan stand out as hugely successful ventures. Furthermore, Al-Baltan significantly expanded his wealth by holding a 4.5% stake in Al-Jazira Bank.

Widely regarded for his sharp mind, dynamic approach to business, and visionary sports management, Khalid Al-Baltan continues to make prominent contributions to Saudi Arabia’s investment landscape and sporting prestige. His pragmatic insights into market evolution and sports strategy serve as important references within related industry circles.