Photos: UAE, Saudi families lead in Forbes list on Arab businesses

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Photos: UAE, Saudi families lead in Forbes list on Arab businesses

Saudi Arabia dominates with 33 entries, followed by the UAE with 29 and Egypt with nine

Published: August 02, 2023 15:35 Gulf News Report

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forbes-collage — Business families from Saudi Arabia, the UAE and Egypt dominated Forbes Middle East’s latest list of family businesses. The annual ‘Top 100 Arab Family Businesses’ list for 2023 also features six entries that have stood the test of time, having been established in the 1800s. Here are the top 20 entries in the list: Image Credit: Supplied

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1. Mansour Group | Country: Egypt | Established: 1952 | Group Chairman: Mohamed Mansour — 1. Mansour Group | Country: Egypt | Established: 1952 | Group Chairman: Mohamed Mansour Image Credit: Supplied

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2. Al-Futtaim Group | Country: UAE | Established: 1930 | Chairman: Abdulla Al Futtaim — 2. Al-Futtaim Group | Country: UAE | Established: 1930 | Chairman: Abdulla Al Futtaim Image Credit: Supplied

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3. Olayan Financing Company (OFC) | Country: Saudi Arabia | Established: 1947 | Chair of the Executive Committee and Deputy Chair: Lubna S. Olayan — 3. Olayan Financing Company (OFC) | Country: Saudi Arabia | Established: 1947 | Chair of the Executive Committee and Deputy Chair: Lubna S. Olayan Image Credit: Supplied

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4. Al Ghurair Investment | Country: UAE | Established: 1960 | Chairman of the Executive Committee: Abdul Aziz Abdulla Al Ghurair — 4. Al Ghurair Investment | Country: UAE | Established: 1960 | Chairman of the Executive Committee: Abdul Aziz Abdulla Al Ghurair Image Credit: Supplied

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5. Majid Al Futtaim Holding | Country: UAE | Established: 1992 | CEO: Ahmed Galal Ismail — 5. Majid Al Futtaim Holding | Country: UAE | Established: 1992 | CEO: Ahmed Galal Ismail Image Credit: Supplied

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6. Abdul Latif Jameel | Country: Saudi Arabia | Established: 1945 | Chairman: Mohammed Abdul Latif Jameel — 6. Abdul Latif Jameel | Country: Saudi Arabia | Established: 1945 | Chairman: Mohammed Abdul Latif Jameel Image Credit: Supplied

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7. Al Muhaidib Group | Country: Saudi Arabia | Established: 1943 | Group Chairman: Sulaiman Al Muhaidib — 7. Al Muhaidib Group | Country: Saudi Arabia | Established: 1943 | Group Chairman: Sulaiman Al Muhaidib Image Credit: Supplied

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8. SEDCO Holding | Country: Saudi Arabia | Established: 1976 | Chairman: Saleh Salem Bin Mahfouz — 8. SEDCO Holding | Country: Saudi Arabia | Established: 1976 | Chairman: Saleh Salem Bin Mahfouz Image Credit: Supplied

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9. Al Ghurair Group | Country: UAE | Established: 1960 | Group CEO: Iyad Malas — 9. Al Ghurair Group | Country: UAE | Established: 1960 | Group CEO: Iyad Malas Image Credit: Supplied

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10. Al Faisal Holding | Country: Qatar | Established: 1964 | Chairman: Faisal Bin Qassim Al Thani — 10. Al Faisal Holding | Country: Qatar | Established: 1964 | Chairman: Faisal Bin Qassim Al Thani Image Credit: Supplied

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11. Suhail Bahwan Group | Established: 1965 | Country: Oman | Chairman: Suhail Bahwan — 11. Suhail Bahwan Group | Established: 1965 | Country: Oman | Chairman: Suhail Bahwan Image Credit: Supplied

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12. Alshaya Group | Established: 1890 | Country: Kuwait | Executive Chairman: Mohammed Alshaya — 12. Alshaya Group | Established: 1890 | Country: Kuwait | Executive Chairman: Mohammed Alshaya Image Credit: Supplied

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13. Power International Holding (PIH) | Established: 1983 | Country: Qatar | Chairman; Vice Chairman and CEO: Moutaz Al Khayyat; Ramez Al Khayyat — 13. Power International Holding (PIH) | Established: 1983 | Country: Qatar | Chairman; Vice Chairman and CEO: Moutaz Al Khayyat; Ramez Al Khayyat Image Credit: Supplied

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14. AlNahla Group | Established: 1996 | Country: Saudi Arabia | Chairman: Abdulrahman Hassan Sharbatly — 14. AlNahla Group | Established: 1996 | Country: Saudi Arabia | Chairman: Abdulrahman Hassan Sharbatly Image Credit: Supplied

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15. Juffali | Established: 1936 | Country: Saudi Arabia | Chairman: Khaled Juffali — 15. Juffali | Established: 1936 | Country: Saudi Arabia | Chairman: Khaled Juffali Image Credit: Supplied

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16. DAMAC Group | Established: 1982 | Country: UAE | Founder & Chairman: Hussain Sajwani — 16. DAMAC Group | Established: 1982 | Country: UAE | Founder & Chairman: Hussain Sajwani Image Credit: Supplied

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17. Alfardan Group | Established: 1954 | Country: Qatar | Chairman: Hussain Ibrahim Alfardan — 17. Alfardan Group | Established: 1954 | Country: Qatar | Chairman: Hussain Ibrahim Alfardan Image Credit: Supplied

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18. AW Rostamani Group | Established: 1954 | Country: UAE | Chairman and Group CEO: Khalid Al Rostamani — 18. AW Rostamani Group | Established: 1954 | Country: UAE | Chairman and Group CEO: Khalid Al Rostamani Image Credit: Gulf News Archives

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19. Alghanim Industries | Established: 1932 | Country: Kuwait | Executive Chairman: Kutyaba Y. Alghanim — 19. Alghanim Industries | Established: 1932 | Country: Kuwait | Executive Chairman: Kutyaba Y. Alghanim Image Credit: Supplied

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20. Dallah Albaraka Holding | Established: 1969 | Country: Saudi Arabia | Chairman: Abdullah Saleh Kamel — 20. Dallah Albaraka Holding | Established: 1969 | Country: Saudi Arabia | Chairman: Abdullah Saleh Kamel Image Credit: Supplied

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