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8 Qatari Companies in Forbes Middle East’s 2023 Ranking of Top 100 Arab Family Businesses

Qatari Companies

Forbes Middle East has unveiled its 2023 compilation of the Top 100 Arab Family Businesses, with a significant majority of over 60% serving as primary stakeholders in companies listed on regional stock exchanges. Notably, Qatar has secured a commendable representation, contributing 8 family enterprises to this prestigious roster.

The Qatar-based companies that have merited inclusion are as follows:

Company NameRank
Al Faisal Holding10
Power International Holding (PIH)13
Alfardan Group17
Darwish Holding57
Almana Group69
Abu Issa Holding96
Ali Bin Ali Holding (ABA Holding)97
Almuftah Group100

This list is underpinned by a notable Saudi Arabian presence, boasting 33 entries, with the United Arab Emirates following closely with 29 entries. Egypt and Qatar each contribute 8 entries, further enhancing the diverse makeup of the roster.

Forbes Middle East underlines that many of the featured family businesses hold a prominent status as founding shareholders. The assessment draws from diverse sources including stock exchanges, consultancy reports, and other primary references. The ranking process encompasses various facets, such as:

  • Business Magnitude: Incorporating factors like business size, asset value, encompassing listed entities, real estate and hospitality assets, and revenues from alternate holdings.
  • Recent Business Activity: Encompassing IPOs, initiation of new projects, and fresh investments over the past year.
  • Diversification: Assessing the extent of sectoral and geographical diversification.
  • Operational Performance: Evaluating the performance of key businesses and sectors of operation.
  • Legacy and Duration: Taking into account the age and historical significance of the enterprise.
  • Workforce: Considering the total number of employees associated with the business.

The report also highlights insights from a 2023 study by PwC, revealing that only a mere 11% of family businesses have embraced specific environmental impact goals. Moreover, a modest 38% regularly communicate their performance against non-financial benchmarks. Forbes Middle East underscores that a substantial portion of these businesses remain steadfastly aligned with traditional business models, choosing to abstain from heavy involvement in the tech sector.

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Written by Sri Krishna

Sri Krishna is the accomplished eCommerce and retail branding expert, renowned for creating captivating content, building brand reputation, and fostering brand growth. With expertise in targeted marketing campaigns and exceptional customer experiences, Sri Krishna cultivates brand loyalty and recognition. Through innovative branding strategies, Sri Krishna empowers businesses to succeed in the ever-evolving eCommerce and retail landscape.

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