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UAE and Saudi Arabia top Forbes’ checklist of 100 most effective Arab relatives organizations

Dubai (Al-Ittihad) The UAE and Saudi Arabia have obtained 62% of Forbes’ list of the 100 most impressive Arab spouse and children firms. Saudi firms prime the listing with 37 organizations, followed by the UAE with 25 corporations and Kuwait with 8 organizations. These a few countries account for 75% of the position of the 20 most strong Arab family members organizations. Amid the classified corporations, 89% of them operate in various sectors, with a aim on diversifying their investments in various spheres and geographical locations. The retail sector follows with 3 providers, and the investments of 2 organizations. Of the 100 most impressive family companies this 12 months, 8 are owned by rich Arabs. While Issad Rebrab, founder of the Algerian group Cevital, has a net worthy of of $ 5.1 billion in August 2022, making him the second richest Arab billionaire in the entire world.

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