7 Qatari firms among Forbes’ Top 100 Arab family businesses – The Peninsula

7 Qatari firms among Forbes’ Top 100 Arab family businesses – The Peninsula

Doha: Seven Qatari private businesses or holding companies jointly owned or run by Arab families have made it to Forbes’ Top 100 Arab Family Businesses 2022, with two more Qatari firms joining the list this year. The Qatari family businesses include 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 (Rank 100).

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 added that these businesses are continuously evolving. Forbes noted that while the leading Arab family businesses are still investing in their traditional businesses, they are also moving towards new age industries, investing in startups, and in some cases founding their own new enterprises.

“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.