Forbes lists 7 Qatari companies in the Top 100 Arab Family Businesses

Forbes lists 7 Qatari companies in the Top 100 Arab Family Businesses

Forbes' Top 100 Arab Family Businesses 2022 now includes seven Qatari private enterprises or holding companies that are jointly owned or managed by Arab families, with two more Qatari companies being added this year. Al Faisal Holding (Rank 9), Power International Holding (Rank 13), Alfardan Group (Rank 33), Almana Group (Rank 74), Jaidah Group (Rank 93), Abu Issa Holding (Rank 96), and Al Muftah Group are only a few of the Qatari family enterprises (Rank 100).

The data and criteria for the list are based on stock exchanges, reports from consulting firms, and other primary sources.

According to Forbes Middle East, Arab family businesses in the region have “so far this year seen many of the fields they are most active in – including retail, real estate, energy, and industrials – welcome a V-shaped recovery”. 

It was also added that these companies are constantly changing. While the top Arab family firms continue to invest in their conventional businesses, Forbes observed that they are also focusing on new age industries, funding startups, and in some cases starting their own new businesses.

“The way Arab family businesses are run and controlled used to be extremely concentrated, but that is changing. In many of the top 100, the third generation and beyond are joining the business. Many have begun focusing on succession planning and separating ownership and management. Some have even listed their flagship company or important subsidiaries—a trend that looks like it will continue to grow in future. Of this year’s top 100 family companies, 89 percent are diversified business conglomerates,” said Forbes.