Saudi Arabia is witnessing a remarkable rise in wealth, with reports indicating that a new millionaire emerges approximately every hour. The number of millionaires in the Kingdom reached around 350,000 during the past year, reflecting the country’s growing economy and expanding investment opportunities. Notably, 60% of Saudi millionaires’ wealth is held in financial assets, compared with a global average of just 6%. By the end of 2025, Saudi Arabia is expected to be the only Arab nation among the world’s top 20 countries in terms of the number of millionaires, highlighting its increasing prominence as a regional and global economic powerhouse.