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3/25/24, 1:33 PM Forbes Middle East Reveals The Top 100 Arab Family Businesses 2024 - برﻌﻟا لﺎﻣﻋﻷا داور ﺔﺻﻧﻣ | ﻲﺑرﻋ تﻧإ
To construct this list, Forbes Middle East only considered businesses owned or run by Arab

families.

The conglomerates were ranked on their size, value, performance, business activity, age,

legacy, and extent of the business’ geographic and sector diversification.

GCC families are the most successful in the family business space, with 34 of the 100 firms

originating from Saudi Arabia, 28 from the UAE, and seven businesses each from Kuwait
and Qatar.

Combined, these four Gulf countries constitute 76% of the list.

The Saudi Arabia-headquartered Abdul Latif Jameel reigns in the first place, with the UAE’s
Al-Futtaim Group and Egypt’s Mansour Group rounding up the top three.

Of the top 10, the billionaire-owned Mansour Group is the only non-GCC-based entry. In

May 2023, U.S.

Major League Soccer awarded a $500 million franchise to a group led by Mohamed Mansour

to launch a football club in San Diego, California, by 2025.

Group Chairman Mohamed Mansour, alongside brothers Youssef and Yasseen, had a
combined net worth of $5.8 billion as of February 2024, making them the richest Arab family

featured on this year’s list.

From traditional real estate to hospitality investments, the family businesses on this list have

stood the test of time, with six being established in the 1800s and 26 established before 1950.

Just six were established in the 2000s, all of which were formed due to a split or sale of an

earlier business or consolidation of pre-existing assets to form a holding group.

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