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Posted On: 11 September 2022 11:35 am
Updated On: 11 September 2022 12:08 pm

7 Qatari firms listed in Forbes' Top 100 Arab Family Businesses

Cassandra Pallagud
Cassandra Pallagud
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7 qatari owned firmsforbes top 100 arab family businesses

The Forbes Middle East has published the Top 100 Arab Family Businesses for the year 2022 and includes seven Qatari-owned businesses. The firms listed are privately owned and Arab family-run businesses. The data and criteria for the list are based on stock exchanges, reports from consulting firms, and other primary sources.

Al Faisal Holding (#9)

  • Chairman: Faisal Bin Qassim Al Thani

Al Faisal Holding was established almost 60 years ago as a small automotive parts trading company. Since then it has diversified to over 50 companies across culture, education, hospitality, real estate, construction and project management, trading, manufacturing, and financial investments. Al Faisal Holding owns 29 hotels across Qatar, Saudi Arabia, Egypt, Algeria, Europe, and the U.S.

Power International Holding (#13)

  • Group Chairman, Group CEO: Moutaz Al-Khayyat, Ramez Al-Khayyat

Power International Holding is a second-generation family conglomerate specializing in general contracting, industries and services, agriculture and food industries, real estate, and lifestyle, including hospitality, entertainment, and catering. Its subsidiaries include UCC Holding, BALADNA, ASSETS, AURA Group, and Estithmar Holding.

Alfardan Group (#33)

  • Chairman: Hussain Ibrahim Alfardan

Alfardan Group was first established as Alfardan Jewellery Company and has since diversified to include financial exchange, property development, automotive, hospitality, marine, and investment. Alfardag Group also owns the St. Regis Doha Hotel, the Al Gassar Resort, Laguna Beach, Marsa Malaz Kempinski, and the Al Sadd Residence. Aside from this, it is also an authorized dealer of Aston Martin, Rolls-Royce, BMW, MINI, Land Rover, Jaguar, Ferrari, and Maserati.

Almana Group (#74)

  • Chairman: Omar Hamad Almana

Established in 1960 and Almana Group is a family conglomerate operating across automotive, industrials, contracting, real estate, project division, F&B, financial, security and IT, and travel. It's subsidiaries include United Cars Almana, Almana Exchange, the Qatar Securities Company, Almana Real Estate, and the Almana Trading Company with partnerships with over 100 global brands. Almana.

Jaidah Group (#93)

  • Chairman: Jassim Jaidah

Established in 1898 as a trading company importing from Iran and India, Jaidah Group includes businesses in real estate, energy, heavy equipment, automotive, electrical, and industrial supplies. It's latest projects include the Jaidah Project Division’s Switchgear Factory which assembles smart panels in Qatar in collaboration with Schneider Electric as well as the Jaidah Prime Security services which completed the supply, test, and commissioning of IP CCTV systems and public address systems at the Al Rayyan Stadium. It also trades in the Chevrolet, Hyundai, and Genesis brands.

Abu Issa Holding (#96)

  • Chairman and CEO: Ashraf Abu Issa

Formerly known as the luxury department store “Blue Salon” in 1981, Abu Issa Holding now houses over 70 businesses across 11 sectors, including retail, ecommerce, hospitality, real estate, broadcasting, contracting, and engineering services, and more. The conglomerate operates in nine countries through 47 branches, 12 warehouses, and 200 retail stores. It's retail division includes global brands Cole Haan, Breitling, Godiva, and Elie Saab, and more.

Al Muftah Group (#100)

  • Chairman: Abdulrehman Muftah Almuftah

Established in the 1960s as a tire dealership, Al Muftah Group now has businesses in 14 sectors, including engineering and construction, automotive and transport, real estate, wellness and fitness, education, and home appliances.


Source: Forbes Middle East
Cover image credit: Shutterstock