Top 100 Arab family businesses include 36 Saudi firms – Forbes

CountryMiddle east

Mubasher: Saudi Arabia has dominated this year’s Forbes Middle East Top 100 Arab Family Businesses, which are seen as the backbone of the region's economy. Saudi Arabia came in the lead with 36 family businesses, followed by the UAE with 21 entries on the list, and in third place came the region’s most populous country, Egypt, with only three family businesses on the list, including the number one spot. Mansour Group from Egypt made it to the top of the list, with three family members on the Forbes’ World’s Billionaires 2020 list, followed by Al Futtaim Group from the UAE, and Olayan Group from Saudi Arabia. Other Saudi firms on the list included Rashed Abdul Rahman Al Rashed & Sons Group (5th place), Abdul Latif Jameel Group (6th place), and more...

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