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

Last updated: August 02, 2023 | 15:53

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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:

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1. Mansour Group | Country: Egypt | Established: 1952 | Group Chairman: Mohamed Mansour

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2. Al-Futtaim Group | Country: UAE | Established: 1930 | Chairman: Abdulla Al Futtaim

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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

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

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

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6. Abdul Latif Jameel | Country: Saudi Arabia | Established: 1945 | Chairman: Mohammed Abdul Latif Jameel

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7. Al Muhaidib Group | Country: Saudi Arabia | Established: 1943 | Group Chairman: Sulaiman Al Muhaidib

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

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9. Al Ghurair Group | Country: UAE | Established: 1960 | Group CEO: Iyad Malas

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10. Al Faisal Holding | Country: Qatar | Established: 1964 | Chairman: Faisal Bin Qassim Al Thani

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11. Suhail Bahwan Group | Established: 1965 | Country: Oman | Chairman: Suhail Bahwan

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12. Alshaya Group | Established: 1890 | Country: Kuwait | Executive Chairman: Mohammed Alshaya

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

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14. AlNahla Group | Established: 1996 | Country: Saudi Arabia | Chairman: Abdulrahman Hassan Sharbatly

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15. Juffali | Established: 1936 | Country: Saudi Arabia | Chairman: Khaled Juffali

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16. DAMAC Group | Established: 1982 | Country: UAE | Founder & Chairman: Hussain Sajwani

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17. Alfardan Group | Established: 1954 | Country: Qatar | Chairman: Hussain Ibrahim Alfardan

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18. AW Rostamani Group | Established: 1954 | Country: UAE | Chairman and Group CEO: Khalid Al Rostamani

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19. Alghanim Industries | Established: 1932 | Country: Kuwait | Executive Chairman: Kutyaba Y. Alghanim

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

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