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Eight Kuwaitis among most powerful Arabs
February 24, 2015, 9:10 am
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Eight Kuwaitis, including three women, are among 100 most powerful Arabs in the world, according to the latest list released by Gulf Business. Mohammed Al- Shaya, Chairman of M.H. Alshaya Company, is the top Kuwaiti in the World’s 100 Most Powerful Arabs 2015. He is ranked 28th overall on the list. Coming in second among Kuwaitis is Suad Al-Humaidi, businesswoman and President of the Suad Al-Humaidi Group. She is listed 45th overall, ahead of renowned names such as Nasser Al-Khelaifi, Chairman, CEO and President of beIN Media Group, Paris Saint-Germain FC and Qatar Sports Investment.

Pillar of economy
Bader Al-Kharafi, Vice President of MA Kharafi Group, is the third most powerful Kuwaiti according to the list, where he is listed 47th overall. Gulf Business describes MA Kharafi as “a business with an annual turnover of $5 billion. Regarded as a pillar of the Kuwaiti economy, the conglomerate has interests in 25 countries across multiple sectors including banking, manufacturing, construction and food, with more than 120,000 employees.”

Other Kuwaitis included in the list are Omar Al-Ghanim, CEO of Alghanim Industries, who is listed fourth among Kuwaitis and 58th overall, Bader Al-Saad, Managing Director of Kuwait Investment Authority, listed fifth among Kuwaitis and 68th overall, and Marwan Boodai, CEO, Managing Director and Chairman of Boodai Group and Jazeera Airways, listed sixth among Kuwaitis and 73rd overall. Sheikha Al-Bahar, Deputy Group CEO of the National Bank of Kuwait, and Maha Al-Ghunaim, Vice Chairman and Group CEO of GIH, are the seventh and eighth most powerful Kuwaitis respectively according to the list. They are listed 78th and 93rd overall respectively.

Number one
Prince Alwaleed Bin Talal Al-Saud, founder and chairman of Saudi’s Kingdom Holding Company, has topped Gulf Business’ annual list of the world’s 100 most powerful Arabs for the fourth consecutive year. “With an estimated personal wealth of between $21.2 billion and $28.1 billion, the prince remains the world’s richest and most powerful Arab,” Gulf Business wrote on its website.

It also indicated that this year’s list saw 24 new entrants, including Emirati female fighter pilot Major Mariam Al-Mansouri, who was ranked 8th. Overall, women accounted for 17 entries on the list. Most entrants on the list originate from Saudi Arabia, with the Kingdom accounting for 28 percent of world’s most powerful Arabs. The UAE came second with 25 percent, and Qatar rounded off the top three countries with 15 percent of the entries, Gulf Business said.

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