Qatari Firms Shine in Forbes Middle East Top 100 Arab Family Businesses 2024

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Top 100 arab business families 2024 forbes - qatariscoop

Forbes Middle East’s Top 100 Arab Family Businesses for 2024 spotlight the remarkable achievements of seven Qatari firms that have significantly shaped the region’s business arena. Let’s delve into the details of each of these enterprises:

Al Faisal Holding

Securing the 11th spot on the prestigious list, Al Faisal Holding is a prominent Qatari entity established in 1964. Over the years, it has diversified its portfolio across real estate, hospitality, retail, and other sectors. The company’s strategic investments and expansion efforts have firmly entrenched it as a pivotal player in Qatar’s economy.

Almuftah Group

Ranked at the 100th spot, the Almuftah Group showcases its diversified business interests with its brand, ALM, for home appliances, demonstrating a commitment to innovation and market reach. Its resilience and adaptability underscore its presence in the Top 100 Arab Family Businesses list, reflecting its prowess in a competitive business environment.

Darwish Holding

Listed at 63rd, Darwish Holding emerges as Qatar’s leading retail and hospitality group, celebrated for its excellence and innovation. Its dedication to delivering top-notch products and services has solidified its standing as a key player in Qatar’s retail and hospitality sectors and beyond its borders.

Alfardan Group

Established in 1954, Forbes ranks Alfardan Group 17th. Alfardan Group is a renowned family-owned conglomerate based in Qatar, spanning the jewelry, financial exchange, property development, automotive, hospitality, marine, and investment sectors. Led by Chairman Hussain Ibrahim Alfardan, the group’s commitment to traditional family values and premium service has been pivotal in its growth and recognition as a leading conglomerate in the Middle East.

Power International Holding

Forbes ranks Power International Holding 12th among the Top 100 Arab Family Businesses. Founded by Moutaz Al-Khayyat and Ramez Al-Khayyat, PIH operates in sectors such as General Contracting, Real Estate Development, Agriculture and food Industries, Lifestyle, Entertainment and Hospitality, and Services. With notable projects and a commitment to sustainability, PIH stands as a beacon of success in Qatar’s business landscape.

Almana Group

Securing the 73rd position, the Almana Group boasts a rich history dating back to 1952. Evolving from its industrial support origins, it now encompasses over 55 companies across eight countries, with interests ranging from automotive distribution to technology and entertainment. The group’s commitment to upholding its legacy fuels its continued success across diverse industries.

AbuIssa Holding

Ranking 83rd, AbuIssa Holding emerges as a prominent Qatar-based company with a diverse portfolio spanning various sectors. With over 70 businesses across 11 sectors and a dedicated workforce, AbuIssa Holding is positioned for long-term growth on the global stage. Its multifaceted approach and dedication to excellence underscore its significance in Qatar’s business landscape.

Through innovation, resilience, and commitment to excellence, these Qatari firms continue to shape and elevate the region’s business landscape, solidifying their positions among the top players in the Arab world.

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