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

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:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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