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3/25/24, 1:32 PM Forbes Middle East reveals the top 100 Arab Family Businesses 2024
Dubai: Forbes Middle East has unveiled its annual list of the Top 100 Arab Family
Businesses for 2024, highlighting the long-standing conglomerates transforming through

expansion and investment in the region. 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.

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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

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