Page 55 - SGH REPORT - DECEMBER 2023

Some long-tenured CEOs make the list for continuing success over many years while
newer appointees earn recognition for bold steps and initiatives undertaken in their first
year. Throughout, all displayed strong leadership navigating geopolitical instability,
recession fears, inflationary pressures and more.

CEOs in energy have transformed their companies into global integrated players while
advancing sustainability goals. Their strategic investments and partnerships have
helped drive economic diversification across the region.

Telecom CEOs have accelerated digital transformation across society. Leaders featured
spearheaded projects merging operating companies to streamline services for
customers across countries. Others cemented leadership in new technologies
positioning their companies at the forefront of GCC connectivity.

Real estate saw active mergers and fund raising as the sector rebounded strongly.
Chairmen oversaw multibillion-dollar deals creating global residential and retail giants.
CEOs raised sizable funds to sustain growth across sectors and geographies.

Leaders in finance navigated rising global rates and regional economic headwinds
adeptly. Featured bankers expanded regional footprints while launching sustainable
financing efforts and enhancing digital offerings.

Aviation witnessed a post-pandemic travel surge. Airline CEOs maintained positions as
global carriers through network expansions and fleet growth. Others oversaw return to
profitability leveraging strong passenger demand and cargo uplift.

Pioneering CEOs propel GCC’s innovation landscape

The list also features rising startup stars making waves across industries from fintech to
logistics. CEOs grew platform reach into new regions and launched innovative solutions
bringing efficiencies to regional supply chains.

As economies transition, featured CEOs are ensuring the GCC remains at the forefront
of new domains from green hydrogen to AI. Leaders are building futuristic cities and
championing adoption to solve urgent problems through technology and mobility
innovations.

Through unprecedented challenges, these stellar leaders demonstrated resilience,
purpose and vision. They navigated dynamic conditions with agility, prioritised
stakeholders and future-proofed their companies. As a result, they have cemented
reputations as regional growth pioneers for years ahead.

This exclusive Top 50 recognises those delivering outstanding success and positive
impact. Their sustained achievements, bold visions and inspiration reflect the region’s
rising global standing. We expect these CEOs to continue elevating standards and
opportunities strengthening Arabian business.

https://www.arabianbusiness.com/powerlists/revealed-arabian-business-top-50-ceos-of-2023