Abdul Latif Jameel Leads Forbes’ 2024 Ranking of Top 100 Family Companies
Forbes Middle East magazine has unveiled its annual list of the most influential Arab family businesses for 2024, with Abdul Latif Jameel taking the top spot.
The recent release of Forbes’ list highlights the 100 most prominent Arab family enterprises of the year. Within economic circles, inclusion in the Forbes list is regarded as a prestigious distinction reserved for the elite.
This year’s selection showcases several notable entities from the Middle East, including Al-Futtaim Group, Mansour Group, Majid Al-Futtaim Holding, Olayan Financial Company, Damac Group, Bahwan Group, Alghanim Industries, Al-Shaya Group, Al-Morshedy Group, Al-Suwedy Electric, among others.
Forbes International magazine is renowned for its expertise in economics, presenting globally recognized lists such as the wealthiest individuals or companies. Forbes Middle East focuses on the region, issuing rankings and reports tailored to the Middle Eastern context.
In compiling the list, Forbes considered companies owned or managed by Arab families, utilizing information and reports from reputable consulting firms. Criteria for classification encompassed factors such as investment size and value, revenue, commercial activity over the past year, sector diversification, geographical expansion, company heritage, and employee count.
Abdul Latif Jameel’s top ranking in the 2024 list underscores its significant standing among the most influential Arab family enterprises.
