Forbes recently released the Middle East region’s top-ranking 100 C.E.O.s list. Combined, the 100 C.E.O.s managed over $1 trillion in revenues, with their companies collectively valued at $5 trillion.
Regardless of the economic condition and market situation, C.E.O.s bear the most responsibility for a company’s results. This is evidenced by the corporate system’s success with ever-improving corporate governance over several years.
Today ownership and management in companies are separate. Forbes reported the trend is also apparent in government-owned businesses. Defense and utilities sectors are now being incorporated and listed on stock exchanges.
Today’s C.E.O.s focus on long-term benefits through innovation, technology, and E.S.G. initiatives.
For example, Amin H. Nasser, in 2022, led Saudi Aramco to regain its former position and usurp Apple to become the world’s most valuable company by market value.
Forbes ranking, the top C.E.O.s based on questionnaires, information collected from stock market disclosures, annual reports, industry reports, and financial statements. The list excluded Business Owners, and only C.E.O.s made it into the list.
The C.E.O.s were ranked based on their impact on the region and the markets. The achievements and performance of the C.E.O. in the last year.
The innovations and initiatives that the C.E.O. has implemented and the performance of the C.E.O. in the previous year.
1 Amin H. Nasser
President and C.E.O. Saudi Aramco
2 Yousef Abdullah Al-Benyan
Vice Chairman and C.E.O. SABIC
3 Waleed Abdullah Al-Mogbel
C.E.O. Al Rajhi Bank
4 Saeed Al Ghamdi
Managing Director and Group C.E.O. Saudi National Bank (S.N.B.)
5 Olayan M. Alwetaid
Group C.E.O. STC
6 Ibrahim Almojel
C.E.O. Saudi Industrial Development Fund (SIDF)
7 Fahd H. Cynndy
C.E.O. Saudia Aerospace Engineering Industries (SAEI)
8 Jerry Inzerillo
Group C.E.O. Diriyah Gate Development Authority
9 John Pagano
C.E.O. The Red Sea Development Company (TRSDC)
10 Tareq Al Sadhan
C.E.O. Riyad Bank
11 Paddy Padmanathan
C.E.O. and Vice Chairman ACWA Power
Nationality: Sri Lankan
12 Abdullah Al-Saadoon
C.E.O. Sahara International Petrochemical Co. (Sipchem)
13 Abdullah Albader
Sector: Food and Beverage
14 Walid Abukhaled
C.E.O. Company: Saudi Arabian Military Industries (SAMI)
16 Omar Hariri
President Saudi Ports Authority (Mawani)
17 Nasser Mohammed Al Huqbani
Group C.E.O. Dr. Sulaiman Al Habib Medical Services Group
18 Thamer Al-Muhid
Group C.E.O. and Managing Director Saudi Chemical Company Holding
19 Tarek Youssef Hosni
C.E.O. Jamjoom Pharma