The House of Saud is the ruling royal family of Saudi Arabia, founded by Ibn Saud in the early 20th century. The family has played a significant role in the establishment and governance of the modern Saudi state, which was officially formed in 1932. The House of Saud has maintained its power through a combination of political alliances, economic resources, and religious legitimacy. The family is known for its vast wealth, primarily derived from the country's abundant oil reserves. The current king, Salman bin Abdulaziz Al Saud, has been in power since 2015, and the family continues to influence both domestic and international policies, shaping the future of the nation.