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Saudi companies reign Forbes Middle East’s top 100 Arab family businesses for 2022

Saudi companies reign Forbes Middle East’s top 100 Arab family businesses for 2022

Arab Finance: Saudi family businesses crowned Forbes Middle East’s top 100 Arab family businesses list for 2022, with 37 entries, according to an emailed press release on September 7th.

The UAE came in second place on the list with 25 family businesses, followed by Kuwait with eight entries.

Family businesses based in Saudi Arabia, the UAE, and Kuwait combined accounted for 75% of the 20 on the list.

Egypt and Oman acquired the fourth spot in the list, with six entries each, followed by Bahrain with four companies.

Saudi Arabia-based Olayan Financing Group (OFC) ranked first as the top Arab family business in 2022 for the second consecutive year.

Egypt’s Mansour Group and the UAE’s Al-Futtaim Group came in second and third places on the list, respectively.

It is noteworthy that Al Faisal Holding made its debut in this year’s top 10 Arab family businesses at the ninth spot, climbing from 11th place in 2021.

The diversified business entities dominated the list with 89 entries, while three retail firms and two investment companies made it to the list.

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