He also assured King Abdullah that the US "won't accept a bad deal" with Iran, as global powers negotiate a treaty reining in Tehran's controversial nuclear programme.
"The president underscored how much he values this strategic relationship", a senior US administration official said, after Obama met for some two hours with the king on a royal estate outside Riyadh.
In an interview aired on US television later yesterday, Obama defended his administration's decision not to use military force in Syria, saying that the United States has its limits.
"It is, I think, a false notion that somehow we were in a position to, through a few selective strikes, prevent the kind of hardship we've seen in Syria," Obama told broadcaster CBS in Rome.
"It's not that it's not worth it," he added. "It's that after a decade of war, the United States has limits."
Now in its fourth year, the bloody civil war has claimed more than 146,000 lives and displaced many others, causing a refugee crisis in the region.
Earlier, White House officials said part of the discussions would focus on ways to "empower" Syria's moderate opposition.
But officials shot down as untrue reports that the US administration was planning to give Riyadh a green light to ship man-portable air-defence weapons, known as MANPADs, to the beleaguered moderate Syrian opposition.
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