- 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.

📣 is now on Telegram. Click here to join our channel (@IIK_News) and stay updated with the latest headlines

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

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

Saturday, June 27, 2020
✨✨✨Congratulations ✨✨✨🎉🎉

Submit your comments...
Disclaimer: The views expressed here are strictly personal and 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

Kuwait Cricket Club - MEC studygroup announce exciting scholarships for students who got their CBSE results

Kuwait Cricket Club is the official governing body for the game of cricket in association with Public Authority of Sports, O...

Writers’ Forum Kuwait’s poetic evening

The Writers’ Forum Kuwait, a platform of multilingual poets residing in Kuwait met for their monthly meeting on Friday, 30th...

India International Differently Abled Association (IIDAA) officials held a meeting with Indian Ambassador

IIDAA, an Indian Embassy registered voluntary organization for Differently Abled children and Adolescents met with Indian Am...

Indian national Elizabeth Lizu Ginu published her first book of poetry titled 'The Changing Mask'

'The Changing Mask' is an anthology of 80 poems, portraying a wide range of themes such as love, despair, faith, happiness, ...

KMWA conducts 'Eid Cultural Get together' online program.

Karnataka Muslim Welfare Association (KMWA), a subsidiary of Indian Muslim Association (IMA) organized an online Eid get-tog...

go top