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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.

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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 ✨✨✨🎉🎉

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