Emiratis rule Forbes’ list of Top 100 CEOs in Middle East
The list of the top 100 CEOs in the region this year was dominated by Emiratis, with Dr. Sultan bin Ahmed Al Jaber, minister of industry and advanced technology, and H.H. Sheikh Ahmed bin Saeed Al Maktoum, chairman of the Dubai Civil Aviation Authority, chairman of Dubai Airports, and chairman and chief executive of Emirates Airline and Group, placing second and third, respectively.
This year’s list, according to Forbes, includes leaders from 26 different countries. The sector with the most CEOs on the list is banking and financial services, with 27, followed by telecom with 8, and energy and logistics with 7 apiece. They collectively oversaw $1 trillion in revenue last year.
The CEO’s overall experience and time in their current role, the size of the company in terms of revenues, assets, and market cap, the CEO’s accomplishments and performance over the previous year, and the innovations and initiatives that the CEO has implemented were all factors considered by Forbes when ranking the selected CEOs.
Forbes clarified the accomplishments done by Emirates during H.H. Sheikh Ahmed bin Saeed Al Maktoum’s leadership: “In 1985, Al Maktoum was appointed president of the Dubai Department of Civil Aviation and chairman of Emirates Airlines. He is currently in charge of more than 85,219 people. For the fiscal year 2021–2022, the group reported $18.1 billion in revenues and $44.7 billion in assets.
The airline has a fleet of over 262 aircraft and serves 140 locations worldwide. Al Maktoum also serves as the board chairman for the Dubai Supreme Council of Energy, Alliance Insurance Company, Emirates NBD, Dubai Aerospace Enterprise, and Dubai Airports.”
Regarding Dr. Al Jaber, Forbes emphasized the significant advancements made by ADNOC in recent years: “Since 2016, Al Jaber has served as the group CEO and managing director of ADNOC. It was established in 1971 and is among the top energy producers in the world, with a daily production capacity of four million barrels of oil and 11 billion cubic feet of natural gas. The group consists of over 19 enterprises that are engaged in exploration, production, storage, refining, trading, and the development of petrochemical goods. Al Jaber serves as the nation’s Minister of Industry and Advanced Technology, a member of the Federal Cabinet, and as the U.A.E.’s special envoy on climate change.”
Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, Syed Basar Shueb, CEO and Managing Director, International Holding Company (IHC), Musabbeh Al Kaabi, CEO of Mubadala Investment Company, Hana Al Rostamani, Group CEO, First Abu Dhabi Bank (FAB), Saeed Mohammed Al Tayer, Managing Director and CEO, Dubai Electricity and Water Authority (DEWA), and Jasim Husain Thabet, Group CEO are other (DIB)