Page 92 - SGH PR REPORT - MARCH 2024

Latif Jameel and the Al Faisaliah Group have invested in EV manufacturers Rivian and

joined forces with BeyonCa, respectively, while the Mansour Group has been an early

investor in companies like Spotify and Airbnb. The AlNowais Investments Group has

more than 1,230MW of clean energy projects in Africa Burkina Faso, Egypt, Jordan,
Morocco, and Togo, either in operation or under construction.

The family businesses on our 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 the consolidation of
pre-existing assets to form a holding group.

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

family businesses coming from Saudi Arabia, 28 from the U.A.E., and seven businesses

each from Qatar and Kuwait.

https://www.forbesmiddleeast.com/lists/top-100-arab-family-businesses-2024/