Page 63 - SGH PR REPORT - AUGUST 2024

8/16/24, 1:49 PM Forbes Middle East reveals the Middle East’s Top 100 CEOs 2024

To develop this ranking, Forbes Middle East evaluated the CEOs using various metrics, including the
individual's accomplishments and implemented innovations over the past year, size of their company,
and their impact on their firm and the wider industry. Only CEOs of companies headquartered in MENA

were considered.

Amin H. Nasser, President and CEO of Saudi Aramco, topped the ranking. ADNOC Group’s Sultan Al
Jaber and Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates Airline and Group,
and Saad Sherida Al-Kaabi, Deputy Chairman, President and CEO of QatarEnergy, rounded up the top
four spots. The top five have retained their ranking since last year, with the exception of IHC’s Syed

Basar Shueb who jumped from ninth to fifth place.

The 2024 cohort consists of listees from 19 nationalities. Emiratis reign with 27 entries, followed by

Egyptians with 21 and Saudis with 14. Together, the three groups make up 62% of the ranking, indicating
the positive trajectory for localization in C-suite management. The banking sector has the most entries,
with 19, followed by real estate with 10, reflecting the boom in the sector over the last two years. Nine
CEOs on the list head telecommunications businesses. Among the top 10 alone, six different industries
are represented.

Pursuing innovation and efficiency, several leaders on this list have launched new ventures to diversify
their impact. This year, Abdulrahman Al Hatmi’s Asyad Group announced the establishment of Hafeet
Rail, as well as inaugurated the Asyad Container Terminal in the Port of Duqm, Oman. Whereas Said
Zater’s Contact Financial Holding launched a new financing program aimed at financing electric

vehicles. Industrials giant Aluminum Bahrain’s Ali Al Baqali introduced EternAl, a low-carbon aluminum
line with 30% and 15% recycled products in May.

Top 10 CEOs In The Middle East 2024

Amin H. Nasser

Nationality: Saudi

President & CEO, Saudi Aramco

Sultan Al Jaber

Nationality: Emirati

Group CEO & Managing Director, ADNOC Group

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