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Saudi Arabia, UAE lead Forbes’ 2023 Arab family business ranking

Although Saudi Arabia and the UAE dominated the list, with 33 and 29 of the top 100 spots respectively, Egypt’s Mansour Group sat in first place, with the UAE’s Al-Futtaim Group in second and Saudi Arabia’s only female-led company, Olayan Financing Company, at third.

A picture taken on Oct. 23, 2018, shows Lubna Olayan, CEO and Deputy Chairperson of Olayan Financing.
A picture taken on Oct. 23, 2018, shows Lubna Olayan, CEO and Deputy Chairperson of Olayan Financing, listening to Yasir al-Rumayyan, Managing Director of Public Investment Fund, during the opening ceremony of the Future Investment Initiative FII in the Saudi capital, Riyadh. — FAYEZ NURELDINE/AFP via Getty Images

DUBAI — Saudi Arabia and the United Arab Emirates dominated Forbes Middle East’s Top 100 Arab Family Businesses ranking in 2023 that was released Tuesday, which saw growing shifts in business practices and noted a need to establish more trust with consumers to grow. 

Although Saudi Arabia and the UAE had the most companies listed with 33 and 29, respectively, Egypt’s Mansour Group sat in first place, the UAE’s Al-Futtaim Group sat in second and Saudi Arabia’s only female-led company, Olayan Financing Company, was third. 

Here are the top 10 Arab family businesses on the list: 

1 - Mansour Group (Egypt) 

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