IndiansinKuwait.com  - India Kuwait News and updates

Alghanim Industries among the Forbes top 10 family business in the Middle East

Saturday, June 27, 2020

Alghanim Industries among the Forbes top 10 family business in the Middle East

Alghanim Industries ranked among the top 10 family business in the Middle East as per the latest Forbes list. Forbes Middle East will release its list of the Top 100 Family Businesses In The Middle East next week. Ahead of its release, the magazine released the top 10 families lead by Egypt's Mansour group.

According to Forbes, Alghanim Industries is the only entry in the top 10. Founded in 1932, today the group has over 30 businesses in six key segments: automotive, engineering, food, and beverage, industrial, consumer, and services. Among the famous brands under its portfolio are Costa Coffee, Wendy’s, GM, and Ford. With a net worth of $1.3 billion, billionaire Kutayba Alghanim currently sits as the executive chairman of the group.

Forbes states that the family businesses are the backbone of the Middle East’s economies, with some of the largest businesses in the region run by families through private companies. Others in the top 10 include Al-Futtaim Group, Olayan Group, Majid Al Futtaim, Rashed Abdul Rahman Al-Rashed & Sons Group, Abdul Latif Jameel Group, Al-Ghurair, Al-Ghurair Group and Zamil Group Holding.

Read this article online at

Express your comment on this article

 
Dinesh kumar Pal
Monday, June 29, 2020
What about kharafi National. Still exist are totally finished. Water can reach to a mountain height by pumping but ultimately has to come down.

Rajeswararao Baggu
Monday, June 29, 2020
Hi I''m Kirby Building system

Shehroz
Sunday, June 28, 2020
Heartiest congratulations to Alghanim industries and Salute to Mr Kutayba Alghanim to follow his legacy and his loyalty towards his employee and vise versa 👍👍👍

Wilson Adaikalaraj
Sunday, June 28, 2020
Wow!Congrats

GANDHI MUTHIAH KUDIARASU
Saturday, June 27, 2020
✨✨✨Congratulations ✨✨✨🎉🎉

Submit your comments...
     
Disclaimer: The views expressed here are strictly personal and IndiansinKuwait.com does not hold any responsibility on them. We shall endeavour to upload/publish as many of the comments that are submitted as possible within a reasonable span of time, but we do not guarantee that all comments that are submitted will be uploaded/published. Messages that harass, abuse or threaten other members; have obscene, unlawful, defamatory, libellous, hateful, or otherwise objectionable content; or have spam, commercial or advertising content or links are liable to be removed by the editors. We also reserve the right to edit the comments that do get published. Please do not post any private information unless you want it to be available publicly.

Community News
 

It was a dream come true for many underprivileged from the Malayalee community here in Kuwait when Indian Islahi Centre step...

First Virtual Meeting of Indian Cultural Society held by ICS President Mr. Ashfaque Khan. Team ICS was honored and graced by...

The Institute of Chartered Accountants of India (ICAI) Kuwait Chapter conducted webinar on Demystifying Bitcoin on 27th June...

Pathanamthitta District Association, Kuwait held it’s Annual General Body Meeting on Friday, 12th June 2020 in a Virtual Mee...

OICC Kuwait extended full support for the one day Upvass Sathyagraha by Kerala Opposition Leader Ramesh Chennithala today ...