What does SAUD stand for? 

saud

The House of Saud (Arabic: آل سُعُود, romanized: ʾĀl Suʿūd IPA: [ʔaːl sʊʕuːd]) is the ruling royal family of Saudi Arabia. It is composed of the descendants of Muhammad bin Saud, founder of the Emirate of Diriyah, known as the First Saudi state (1727–1818), and his brothers, though the ruling faction of the family is primarily led by the descendants of Abdulaziz bin Abdul Rahman, the modern founder of Saudi Arabia. It forms a subtribe of the larger prominent ancient Banu Hanifa tribe of Arabia, of which well known Arabian theologist Maslama ibn Ḥabīb originates. The most influential position of the royal family is the King of Saudi Arabia, an absolute monarch. The family in total is estimated to comprise some 15,000 members; however, the majority of power, influence and wealth is possessed by a group of about 2,000 of them. Some estimates of the royal family's wealth measure their net worth at $1.4 trillion. This figure includes the market capitalization of Saudi Aramco, the state oil and gas company, and its vast assets in fossil fuel reserves. The House of Saud has had three phases: the Emirate of Diriyah, the First Saudi State (1727–1818), marked by the expansion of Salafism; the Emirate of Nejd, the Second Saudi State (1824–1891), marked with continuous infighting; and the Third Saudi State (1902–present), which evolved into the Kingdom of Saudi Arabia in 1932 and now wields considerable influence in the Middle East. The family has had conflicts with the Ottoman Empire, the Sharif of Mecca, the Al Rashid family of Ha'il and their vassal houses in Najd, numerous Islamist groups both inside and outside Saudi Arabia and Shia minority in Saudi Arabia. The succession to the Saudi Arabian throne was designed to pass from one son of the first king, Abdulaziz, to another. The monarchy was hereditary by agnatic seniority until 2006, when a royal decree provided that future Saudi kings are to be elected by a committee of Saudi princes. King Salman, who reigns currently, first replaced the next crown prince, his brother Muqrin, with his nephew Muhammad bin Nayef. In 2017, Muhammad bin Nayef was replaced by Mohammad bin Salman, King Salman's son, as the crown prince after an approval by the Allegiance Council with 31 out of 34 votes. The king-appointed cabinet includes more members of the royal family.

see more »