Seven Qatari Companies Enter Top 100 on The Forbes List
Forbes Middle East revealed its annual list of the 100 most powerful Arab family companies in 2022, and seven Qatari companies succeeded in entering the Forbes Arab list for this year.
Al-Faisal Holding Company
In ninth place is Al-Faisal Holding Company headed by Sheikh Faisal bin Qassim Al Thani.
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The company has 50 activities in the sectors of culture, education, hospitality, real estate, construction, project management, trade, manufacturing, and financial investments.
The company owns 29 hotels in Qatar, Saudi Arabia, Egypt, Algeria, Europe, and America.
Power International Holding PIH
Power International Holding ranked thirteenth, and the company's board chairman, is
Mr. Moataz Al-Khayat and the CEO of the company is Mr. Ramez Al-Khayyat.
Mainly operating in five sectors, namely general contracting, industries and services, agriculture and food industries, real estate, and lifestyle, including hospitality, entertainment, and catering, the company employs more than 65,000 people, with operations in 10 countries.
Alfardan Group
Alfardan Group ranked 33rd. Founded by Hussein Ibrahim Al-Fardan for the first time under the name Alfardan Jewellery Company, the group works in the fields of Jewelry, financial exchange, real estate development, automobiles, hospitality, marine, and investment.
Al-Manee group
Al-Manee Group ranked 74th, Al Mana Group was established in 1960 to operate in the field of trade, then expanded its business to include the following sectors: automobiles, industries and contracting, real estate and project development, food and beverages, financial sector, security, information technology, and travel.
It has about 10,000 employees and more than 30 subsidiaries.
Jaidah Group
The Jaidah Group, it occupied 93rd place on the list, and the company was launched in 1898 as a trading company, then the group expanded to include companies in real estate, energy, heavy equipment, cars, electrical and industrial supplies.
Abu Issa Holding Company
Ranked 96th, Abu Issa company got its start as a luxury department store called The Blue Salon in 1981. Today, the group includes more than 70 companies in 11 sectors, including retail, e-commerce, hospitality, real estate, broadcasting, contracting, and engineering services.
Al Muftah Group
Ranked 100, Al Muftah Group began in the 1960s in the field of tires, and today has expanded to include businesses in 14 sectors, including engineering and construction, automotive and transportation, real estate, fitness and education, and home appliances.
It is worth noting that Saudi companies dominate the list with 37 companies, followed by the UAE with 25 companies, and Kuwait with 8 companies. These three countries represent 75% of the ranking of the 20 most powerful Arab family companies.
The Saudi Olayan Finance Company topped the list for the second time in a row, followed by the Egyptian Mansour Group, and the UAE's Al-Futtaim Group in third place.
It should be noted that Forbes Middle East
Published under license from the Forbes global brand as a special edition for the Arab world, and it seeks to promote business journalism, its online and social media platforms cover breaking news on topics including billionaires, companies, investments, technology, economics, and entrepreneurship.
For more information, please visit the official website of Forbes at the following link:
https://www.forbesmiddleeast.com
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