Ghaith Rashad Pharaon (Arabic: غيث فرعون; September 7, 1940 – January 6, 2017), was a Saudi fugitive financier and businessman who was founder of Attock Group, Attock Cement, and at one time an investor in the Bank of Credit and Commerce International (BCCI), an international bank established by Pakistani financier Agha Hasan Abedi.
When the fraud was discovered, BCCI was forced to sell the banks, and soon after shut down by regulators when it was determined to be insolvent.
After graduating from Harvard, Pharaon formed the Saudi Research And Development Corporation, Ltd. (REDEC), the largest private enterprise in the Middle East.
He served as a Director of Pakistan Oilfields, the Attock Refinery Ltd., Attock Cement Pakistan Ltd and the National Refinery Ltd.[8] Although Pharaon had been a wanted fugitive by the F.B.I since 1991 for massive fraud in the financial collapse of BCCI Bank; Pharaon was awarded a total of $120 million in contracts by the United States military in 2008.
[10] In 2016 it was reported that he bought a house in Budapest, right next to the personal residence of the Hungarian Prime minister Viktor Orbán.