Age, Biography and Wiki
Ali al-Faraj was born on 1969 in Riyadh, is an Ali al Faraj is businessman. Discover Ali al-Faraj's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 55 years old?
| Popular As |
N/A |
| Occupation |
N/A |
| Age |
55 years old |
| Zodiac Sign |
N/A |
| Born |
|
| Birthday |
|
| Birthplace |
Riyadh |
| Nationality |
Saudi Arabia
|
We recommend you to check the complete list of Famous People born on .
He is a member of famous businessman with the age 55 years old group.
Ali al-Faraj Height, Weight & Measurements
At 55 years old, Ali al-Faraj height not available right now. We will update Ali al-Faraj's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
| Physical Status |
| Height |
Not Available |
| Weight |
Not Available |
| Body Measurements |
Not Available |
| Eye Color |
Not Available |
| Hair Color |
Not Available |
Dating & Relationship status
He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.
| Family |
| Parents |
Not Available |
| Wife |
Not Available |
| Sibling |
Not Available |
| Children |
Not Available |
Ali al-Faraj Net Worth
His net worth has been growing significantly in 2023-2024. So, how much is Ali al-Faraj worth at the age of 55 years old? Ali al-Faraj’s income source is mostly from being a successful businessman. He is from Saudi Arabia. We have estimated Ali al-Faraj's net worth, money, salary, income, and assets.
| Net Worth in 2024 |
$1 Million - $5 Million |
| Salary in 2024 |
Under Review |
| Net Worth in 2023 |
Pending |
| Salary in 2023 |
Under Review |
| House |
Not Available |
| Cars |
Not Available |
| Source of Income |
businessman |
Ali al-Faraj Social Network
Timeline
Ali al-Faraj is a Saudi businessman, and formerly the majority stakeholder in Portsmouth Football Club.
Ali al-Faraj was allegedly introduced to Portsmouth via their then CEO Peter Storrie, through Israeli agent Pini Zahavi when the club was on the brink of financial meltdown.
Faraj developed a consortium with other investors and Storrie and bid for the club.
Just over 40 days later, al-Faraj purchased a 90% stake in Portsmouth on 5 October 2009 through Falcondrone Ltd from Al-Fahim, who had underestimated the capital required to sustain the business, and faced difficulty attracting inward investment while former owner Alexandre Gaydamak faced accusations of having transferred club assets to family companies at reduced fees, adding to the financial difficulties faced.
At the start of February 2010, it became public that al-Faraj had financed the purchase of the club by means of a £17 million bridging loan from Balram Chainrai's company Portpin Ltd. Within weeks, al-Faraj 'defaulted' on his payments, causing Chainrai to assume possession Falcondrone, and thus the football club.
Weeks later, Chainrai placed Portsmouth into administration.
In October 2010, after High Court battles to agree a CVA and a late-minute public display of brinkmanship between the club's administrator and former owners, Balram Chainrai purchased the football club from its receivers to bring the club out of administration.
It is believed that Al-Faraj does not exist and is actually a pseudonym for Balram Chainrai.
Whilst Chainrai has been vocal in his denial of the assertion, he has not been as forthcoming about his previous dealings with Gaydamak.
Chainrai successfully sued Gaydamak for damages around the time Al Faraj purchased Portsmouth Football Club.
It is currently unclear whether the damages awarded to Chainrai had been paid.
Fans therefore speculate that Chainrai's arrival at Portsmouth was intended to seize the club and liquidate its assets by way of remuneration for the court order, with the Gaydamak family consequently extracting as much value from the club as was possible before the club's account was frozen.
With a holding in petrochemical giant SABIC, Faraj also has business interests in Saudi Uniform Manufacture, AKETIPS'S and Easyway Limited, which owns property in both Saudi Arabia and the UK
Ali is reported to have seven brothers and two sisters, including Ahmed al-Faraj, who also claims a stake in SABIC.
'He' is also married and has two daughters and one son.
