Saud ibn Abdul-Aziz Al Saud (January 15, 1902 - February 23, 1969) was the king of Saudi Arabia between 1953 and 1964. Saud was born on January 15, 1902 in Kuwait City, as the second son of Abdul-Aziz ibn Abdul-Rahman. His mother was Ibn Saud's second wife, Wadhah bint Muhammad bin 'Aqab. The family had previously fled to Kuwait after they had to leave Riyadh, but his father occupied the city later this year and they were all able to return. His education began at the age of five, he was taught the Koran, as well as archery and horse riding. Saúd received his first assignment at the age of thirteen, a delegation led to Qatar. In 1921, his father entrusted him with the leadership of the troops in the Hail battles and he was also the commander of the Saudi contingent fighting in Yemen. In addition to these, he fought in a total of eight more campaigns before he came to the throne. In 1933, his father declared him the official heir to the throne. In 1937, he represented the kingdom together with his brother Mohammed VI. George's coronation. Shortly before his father's death, on October 11, 1953, he was appointed prime minister. After his father's death, Saud ascended the throne on November 9, 1953. It soon became clear that he was not fit to be a head of state, and despite the significant oil revenues, he brought Saudi Arabia to the brink of bankruptcy with his wasteful lifestyle. Despite the difficult situation of the budget, he spent the state income on the family's luxurious conditions and palaces. The king established several new ministries, and in 1957 he founded the King Saud University in Riyadh. Saud tried to place his own sons in high state positions by creating eight new ministerial posts. was also mainly aimed at giving family members a political position commensurate with their rank adhasson. In many respects, Saud still behaved like an Arab tribal leader who does not distinguish between his own property and that of the state. Despite the dynamically growing oil revenues, Saud inherited a public debt of 200 million dollars from his father. The king increased the debt stock to 450 million by 1958, Saud stopped a couple of state programs, but continued to spread the money on his palaces. Among Saud's half-brothers, Fejsál spoke out against the king's extravagance the most and urged the budget to be put in order and the ministerial appointments reviewed. With the support of the family and taking advantage of his position as heir to the throne, Fejszál appointed himself prime minister. The other members of the dynasty were also worried about the state of the budget and the anti-monarchist propaganda coming mainly from Egypt. In 1962, King Saud traveled abroad for medical treatment and, taking advantage of his absence, Fejsál transformed the government (in which Saud's sons no longer had a place) and placed his own people in the important to national defense positions. The returning king rejected Fejsál's transformations. On March 28, 1964, Saud agreed to the appointment of his younger brother as regent. Under pressure from the religious leaders and the family, he abdicated the throne that same year and went into exile in Switzerland. Saúd had a total of 115 children from his many wives. 1969. on February 21, Saud fell ill, had a heart attack in his sleep and died. The former king was laid to rest in the Al-Oud cemetery in Riyadh.

Saudi King Abdulaziz ruled Saudi Arabia from 1953 to 1964. During this period, the country's coinage developed significantly. Until then, the money was minted in London, but in 1956 the Saudi Arabian mint was opened in Jeddah. In the 1950s, the Saudi Arabian mint minted silver and gold coins as well as paper money. Silver coins included 1/2, 1, 2, 5, and 10 riyals, as well as 1/20, 1/10, 1/5, and 1 riyal silver pennies. Gold coins included 1/2, 1, 2, 5 and 10 riyals. Paper money included 1, 5, 10, 20, 50, 100 and 500 riyal notes. In the 1960s, further developments were made in the Saudi Arabian coinage. The use of copper and nickel for minting coins began, and the first polymer banknotes appeared. The coinage of King Abdulaziz of Saudi Arabia contributed significantly to the development of the Saudi Arabian economy. The introduction of modern coinage technologies made it possible to significantly improve the quality and security of Saudi Arabian money.