2023-08-01 22:30:03
Yesterday, Forbes Middle East revealed its annual list of the 100 most powerful Arab family companies for the year 2023, which included eight Qatari companies, to shed light on the most important long-established family companies in the Middle East region, which have succeeded in continuing through generations, and established their mark in the stock markets in the region.
The research team at Forbes Middle East evaluated each family business, according to a set of criteria that included: size of assets, subsidiaries, business performance over the past year, history and legacy represented by the company, as well as diversification of activities in terms of sectors and geographic expansion.
More than 60% of the family companies classified in the list are major shareholders in companies listed on the Arab financial markets, many of which were founded.
The list highlighted the largest, most valuable and profitable family businesses in Qatar, which were ranked as follows:
Al Faisal Holding
According to the Forbes list, Al-Faisal Holding, led by His Excellency Sheikh Faisal bin Qassim Al Thani, Chairman of the Board of Directors, ranked 10th, as the company is committed to maintaining its leading position in every sector in which it operates as part of its efforts to achieve quality and professionalism and is active in several sectors, including real estate, hospitality, trade and education. , culture, entertainment, services and manufacturing. It also owns a majority stake in the “Aamal” company listed on the Qatar Stock Exchange, as well as project management, trade, manufacturing and financial investments. The company owns a number of hotels in Qatar, Saudi Arabia, Egypt, Algeria, Europe and America.
Power International Holding
Power International Holding ranked 13th, with Chairman of the Group Board of Directors and Group CEO Moataz Al-Khayyat, Ramez Al-Khayyat. The company operates mainly in five sectors, which are general contracting, industries and services, agriculture and food industries, real estate, and lifestyle. Life, including hospitality, leisure, and catering, the company employs more than 65,000 people, with operations in 10 countries.
Al Fardan Group
Al-Fardan Group ranked (17th), which was founded by Mr. Hussain Ibrahim Al-Fardan for the first time under the name of Al-Fardan Jewelry Company. The group operates in the fields of jewelry, financial exchange, real estate development, cars, hospitality, marine and investment.
Darwish Holding
Darwish Holding ranked 57th in the list, and the group includes a number of prominent companies through which it provides high-quality products and exceptional services to individuals and the commercial sector in the State of Qatar. Today, it includes diversified business interests within a series of industries, including distribution, investment, retail, real estate, commercial services, and technology. The group includes 1,700 employees from 60 different nationalities and represents more than 800 leading brands.
inhibitor group
While the Al Mana Group ranked (69) in the list of the 100 best Arab family companies, Al Mana Group was established in 1960 to operate in the field of trade, and then expanded its business to include sectors: cars, industries, contracting, real estate and project development, food and beverages, the financial sector, security and information technology. and travel. It has regarding 10,000 employees and more than 30 subsidiaries.
Abu Issa Holding
Abu Issa Company is ranked (96th), and got its start as a luxury store under the name (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.
Ali Bin Ali Holding Group
Ali Bin Ali Holding Group ranked (97), a privately owned company with a heritage dating back to 1945. It started by providing high quality products and services and today it is one of the largest retail and distribution companies in the State of Qatar, and is now active in various activities, including manufacturing Hospitality, tourism, travel, medical services, logistical support for companies, management of commercial complexes, organizing parties and many other activities
key set
While Al Muftah Group is ranked (100), it started in the sixties of the last century in the field of car tires, and today it has expanded to include businesses in 14 sectors, including: engineering, construction, automobiles, transportation, real estate, fitness, education, and home appliances.
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