[1][2] His paternal grandparents were King Faisal and Sultana bint Ahmed Al Sudairi.
[2][3] His maternal grandfather was Khalid bin Muhammad, who was a first cousin of King Faisal; their respective fathers, Muhammad bin Abdul Rahman and King Abdulaziz, were half-brothers.
[4] Prince Khalid obtained a bachelor's degree in political science from Cambridge University.
[5] He started his career at the Saudi Monetary Fund and served as the director general of Arab Trade, Navigation and Aviation Corporation.
They had a son, Mohammed, who is the president and director of Al Faisaliah Group.