In this region, the government is often one of the biggest shareholders in the largest organizations, so while the business heads are committed to creating value for shareholders and other financial metrics, they also align with national interests and goals.
Many of the CEOs on our list also hold influential roles in government institutions. Out of the top 10 leaders, nine are from companies where the majority stake is owned directly or indirectly by the government. Some of those companies, including Aramco, ADNOC, and QatarEnergy, are among the biggest sources of revenue for their respective countries. Two entries in the top 10 are also government ministers and another two are members of royal families.
Our list of MENA’s most prominent CEOs in 2024 recognizes their achievements and the success of the companies they lead. It includes leaders from diverse sectors, including oil and gas, banking, telecommunications, and real estate. Many of these CEOs have steered their companies through challenging times, leveraging technology and sustainability to enhance efficiency and competitiveness. They have also played a key role in diversifying the region’s economies and positioning MENA as a global business hub. This year’s list features the CEO of the world’s largest oil company, the CEO of the world’s largest LNG producer, and the CEO of the largest international airline among others.
The top 100 CEOs include leaders from 19 nationalities. Emiratis dominate with 27 entries, followed by Egyptians with 21 and Saudis with 14. This is a positive sign for localization, with most large companies now headed by local executives. The banking sector has the most entries, with 19, followed by real estate with 10, reflecting the boom in the sector over the last two years.
1 Amin H. Nasser
President & CEO
Company: Saudi Aramco
Residence: Saudi Arabia
This story is from the August 2024 edition of Forbes Middle East - English.
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This story is from the August 2024 edition of Forbes Middle East - English.
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