In the Middle East, a new generation of CEOs is shaping the region’s economic future, driving growth, innovation, and sustainability in a rapidly changing global economy.
Pioneers in Oil and Gas
Amin Nasser, CEO of Saudi Aramco, exemplifies the role of stewarding vast natural resources while transitioning to more sustainable energy practices. Nasser’s leadership focuses on leveraging technology and innovation to enhance efficiency and sustainability.
Aviation and Innovation
Paul Griffiths, CEO of Dubai Airports, has transformed DXB into a global transport powerhouse, emphasizing infrastructure development and strategic innovation. His vision extends beyond boundaries, demonstrating how Middle Eastern companies can compete on a global scale.
Financial Sector Pioneers
Abdul Aziz Al Ghurair, CEO of Mashreq Bank, has driven financial technology and modernisation. He has been instrumental in advancing digital banking and financial services, ensuring that the sector keeps pace with global advancements.
Real Estate Visionaries
Mohamed Alabbar, founder of Emaar and Noon, has been a prominent figure in Dubai’s rapid urban development. Alabbar’s vision has led to the creation of iconic skyscrapers and luxury developments, positioning Dubai as a global real estate hub.
Technology and Communication
Hatem Dowidar, Group CEO of regional giant e&, has spearheaded the rise of the tech industry in the Middle East. Dowidar’s success story inspires a new generation of entrepreneurs, demonstrating the potential for home-grown tech companies to achieve international acclaim.
Female Leadership
Lubna Olayan, CEO of Olayan Financing Company, is a trailblazer in Saudi Arabia’s corporate world. She has been a vocal advocate for women’s participation in the workforce, driving significant cultural and economic shifts.
Social Responsibility
Hotelier Kabir Mulchandani, founder of FIVE, advocates for philanthropy and sustainable development. Mulchandani’s charity work underscores the importance of ethical leadership in today’s business environment.
Global Influence
Middle Eastern CEOs are increasingly influential on the global stage, participating in international forums and collaborating with global leaders. Their ability to navigate complex geopolitical landscapes while driving business growth makes them pivotal players in the global economy.
Their leadership, vision, and adaptability are driving economic diversification, technological advancement, and sustainable growth, positioning the Middle East as a key player in the global business arena.
Greatest CEOs 2024
Greatest CEOs 2024 Index
- Abdul Aziz Al Ghurair
- Adel Ali
- Prince Alwaleed Bin Talal Al Saud
- Amin Nasser
- Alex Reinhardt
- Beshara Sherif
- Fadi Ghandour
- Ghaith Al Ghaith
- Hatem Dowidar
- Irfan Tansel
- Kabir Mulchandani
- Khalifa Al Zaffin
- Lubna Olayan
- Mohamed Alabbar
- Mohammed Alshaya
- Mohammad A. Baker
- Mila Smart Semeshkina
- Najla Al Midfa
- Noor Sweid
- Othman Ibrahim
- Paul Griffiths
- Shamsheer Vayalil
- Shayne Nelson
- Sunil Kaushal
- Sunny Varkey
- Talal Moafaq Al Gaddah
- Sir Tim Clark
- Tony Jashanmal
- Thomas Lundgren
- Yogesh Mehta
Revealed: Meet the CEOs transforming the Middle East
Abdul Aziz Al Ghurair
Designation: Chairman
Company: Al Ghurair Investment
Industry: Diversified
Abdul Aziz Al Ghurair also holds the directorship of the Abdullah Al Ghurair Group of Companies. He served as the chairman of the board of directors at Mashreq Bank after three decades as CEO. He has held positions on boards like Mastercard, Visa International, and Dubai Chamber of Commerce and Industry. He co-chaired the Arab Business Council-World Economic Forum (WEF) and is a board member of trustees at New York University, USA. Al Ghurair Investment spans six industry sectors and operates in over 50 countries with around 28,000 employees. AGI has been named a Top Employer in the UAE for two consecutive years, promoting learning and employee development aligned with Sustainable Development Goal 8.
Adel Ali
Designation: CEO
Company: Air Arabia
Industry: Aviation
Adel Ali established Air Arabia in October 2003, the first low-cost carrier (LCC) in the MENA region. Under his leadership, Air Arabia has become the largest LCC in the MENA region and the first publicly owned airline in the Arab world. With 28 years of experience, including roles at Gulf Air and British Airways, Ali has led Air Arabia to profitability and expansion. He chairs various entities and holds board positions within Air Arabia subsidiaries. In 2023, Air Arabia expanded its operations and unveiled 26 additional routes, transporting 16.7 million passengers. The airline achieved a net profit of $61 million in Q4 2023.
Prince Alwaleed Bin Talal Al Saud
Designation: Founder and Chairman
Company: Kingdom Holding Company (KHC)
Industry: Diversified
Prince Alwaleed founded Kingdom Holding Company (KHC) in 1980, transforming it into a prominent global value investment firm. KHC’s portfolio includes luxury hotels, finance, mobility solutions, digital technology, and media. Notable investments include the George V in Paris, Savoy Hotel in London, Accor, Citigroup, Uber, and Twitter. In October 2023, KHC entered a $533 million joint venture with Red Sea Global to develop the Four Seasons Resort Red Sea in KSA. The resort will feature 149 rooms, 31 residential properties, and various amenities, solidifying KHC’s influence in global investments.
Amin Nasser
Designation: President and CEO
Company: Saudi Aramco
Industry: Energy
Amin Nasser joined Saudi Aramco in 1982 and has held various leadership roles, including senior vice president of upstream operations. He leads Saudi Aramco’s capital investment program and strategic initiatives for cleaner energy solutions. Nasser advocates for youth development and serves on advisory boards of educational institutions. Under his leadership, Saudi Aramco invests in renewable energy technologies and sustainable products, advancing the development of cleaner energy sources. Nasser’s extensive experience and strategic vision have positioned Saudi Aramco as a global leader in the energy sector.
Alex Reinhardt
Designation: Founder and Entrepreneur
Company: Smart Blockchain
Industry: Technology
Alex Reinhardt is a prominent figure in blockchain and startup development, recognized as one of the ten most influential individuals in the global blockchain industry. Born in Russia, Reinhardt emigrated to Germany at 15 and overcame language barriers to succeed academically and professionally. He has launched hundreds of startups, raising over €500 million ($536 million). In March 2023, he founded the Smart Blockchain project to ensure stable decentralized networks and simplify scalability. Reinhardt’s journey showcases perseverance, adaptability, and vision, making him a key player in blockchain technology.
Beshara Sherif
Designation: Group CEO
Company: Mohamed & Obaid AlMulla Group (M&O Group)
Industry: Diversified
Beshara Sherif joined M&O Group in 2017 as Group General Counsel, becoming Group CEO by late 2018. He oversees the group’s business units and subsidiaries, ensuring alignment of corporate objectives and operational efficiencies. Under his leadership, M&O Group has expanded its portfolio, including healthcare advancements and strategic global partnerships. Sherif has been instrumental in pioneering AI-driven healthcare solutions and positioning American Hospital Dubai as a destination for medical tourism. His legal and strategic expertise has significantly contributed to the group’s growth and market position.
Fadi Ghandour
Designation: Executive Chairman
Company: Wamda Capital
Industry: Investment
Fadi Ghandour founded Aramex in 1982, transforming it into a leading logistics powerhouse. He is also a founding investor in Maktoob and established Wamda Capital, a venture capital firm with a $75 million growth fund. Wamda supports startups across the MENA region and provides mentorship and networking initiatives. Ghandour’s contributions to the entrepreneurial ecosystem include serving on boards of leading entities and founding Ruwwad Al Tanmeya, a social enterprise uplifting displaced communities. Wamda Capital empowers startups with financial backing and strategic partnerships, fostering innovation and growth.
Ghaith Al Ghaith
Designation: CEO
Company: Flydubai
Industry: Aviation
Ghaith Al Ghaith launched Flydubai in 2008, enhancing passenger experience and maintaining cost-effectiveness. Before Flydubai, he held various roles at Emirates, contributing to its growth. In 2023, Flydubai carried over 4 million passengers and expanded its network. The airline inaugurated direct flights to Mombasa, Kenya, and plans to launch services to Al Jouf and Red Sea International in 2024. Flydubai’s network and financial accomplishments under Al Ghaith’s leadership solidify its position in the aviation sector. The airline’s fleet and destination expansion reflect its commitment to growth and service excellence.
Hatem Dowidar
Designation: Group CEO
Company: e&
Industry: Technology
Hatem Dowidar joined e& in 2015 and became Group CEO in May 2020. He transformed the company from a traditional telco to a global technology and investment conglomerate. Dowidar’s leadership enhanced e&’s brand equity and business growth across 33 markets. Previously, he held leadership positions at Vodafone Group and was CEO of Vodafone Egypt. Dowidar is a board member of various entities, including Vodafone Group and Etisalat Misr. His strategic vision and innovative approaches have driven e&’s transformation and positioned it as a leading technology brand in the Middle East and Africa.
Irfan Tansel
Designation: CEO
Company: Al Masaood Automobiles
Industry: Mobility
With over 40 years in the automotive sector, Irfan Tansel leads Al Masaood Automobiles, achieving numerous milestones and accolades. Under his leadership, the company launched the region’s first Nissan e-commerce car-buying website and achieved record-breaking sales in 2023. Tansel’s vision for the company is grounded in innovation, customer-centric principles, and effective management. He is recognized for his insights on business disruption, leadership, and the future of the automotive industry. Tansel’s leadership style and commitment to excellence have propelled Al Masaood Automobiles to new heights.
Kabir Mulchandani
Designation: Founder
Company: FIVE
Industry: Hospitality
Kabir Mulchandani is the visionary behind FIVE Hotels and Resorts, promoting ‘Sustainable Indulgence’. Under his leadership, FIVE achieved significant sustainability benchmarks and reported substantial revenue growth. The brand’s properties, including FIVE Palm Jumeirah and FIVE Jumeirah Village, consistently achieve high occupancy rates. Mulchandani’s philanthropic efforts include the FIVE Cares initiative and long-term partnerships with medical clinics in India. FIVE’s commitment to sustainability and luxury has earned it the highest ESG rating from ISS. Mulchandani’s vision for combining innovation with sustainability positions FIVE as a leader in luxury hospitality.
Khalifa Al Zaffin
Designation: Executive Chairman
Company: Dubai Aviation City Corporation and Dubai South
Industry: Government
Khalifa Al Zaffin is the Executive Chairman of Dubai Aviation City Corporation (DACC), managing Dubai’s twin aviation hubs: Dubai International Airport and Al Maktoum International Airport. DACC also includes Dubai South and Dubai Aviation Engineering Projects. Al Zaffin plays a key role in formulating economic and investment strategies for Dubai’s aviation vision. Dubai South, home to Expo City Dubai, spans 145 sq km and is integral to the emirate’s position as a global trade and transportation hub. Al Zaffin’s strategic direction and execution drive the growth and prosperity of Dubai’s aviation sector.
Lubna Olayan
Designation: CEO and Deputy Chairperson
Company: Olayan Financing Company (OFC)
Industry: Investment
Lubna Olayan is the first woman to chair a publicly listed Saudi company, serving as the chair of Saudi Awwal Bank (SAB). With over 35 years of leadership experience, she has guided OFC’s diversified investment strategy. OFC collaborates with King Abdullah University of Science and Technology (KAUST) on sustainability solutions. Olayan chairs the Saudi Swedish Business Council and is a member of the World Economic Forum’s Board of Trustees. Under her leadership, OFC’s portfolio includes significant stakes in key Saudi entities and global investments, contributing to the region’s economic growth.
Mohamed Alabbar
Designation: Founder and Chairman
Company: Emaar, noon, Eagle Hills
Industry: Real Estate/E-commerce
Mohamed Alabbar founded Emaar in 1997, contributing to Dubai’s transformation into a modern city. He is also the chairman of Americana Restaurants and has ventures in real estate, F&B, e-commerce, and technology. Emaar’s notable achievements include the Burj Khalifa and Dubai Mall. Alabbar’s other enterprises, Eagle Hills and Nshama, focus on sustainable community development. Noon, his e-commerce firm, collaborates with government entities to support startups. Alabbar’s vision and investments have significantly impacted various industries, positioning him as a key player in Dubai’s growth and innovation.
Mohammed Alshaya
Designation: Executive Chairman
Company: Alshaya Group
Industry: Retail
Mohammed Alshaya has led Alshaya Group’s expansion as CEO since 1990 and executive chairman since 2007. The group operates over 70 renowned brands and is a leading franchise operator across the Middle East, Africa, Europe, and Russia. Alshaya chairs the board of Mabanee and holds positions on various councils, contributing to education, international business relations, and Kuwait’s development. The group launched the ‘Make Your Moment’ initiative to attract skilled Saudi talent, aligning with Saudi Vision 2030. Alshaya Group’s diverse portfolio and commitment to sustainability make it a prominent player in the retail sector.
Mohammad A. Baker
Designation: Deputy Chairman and CEO
Company: GMG
Industry: Diversified
Mohammad A. Baker leads GMG’s portfolio across five verticals: GMG Sports, GMG Everyday Goods, GMG Health and Beauty, GMG Properties, and GMG Logistics. He promotes healthier lifestyles and has launched home-grown brands such as Sun & Sand Sports and Basketbolista. GMG acquired Groupe Casino’s brands and aswaaq LLC, expanding its food retail network. The group plans to open 100 stores in Southeast Asia by 2025. Baker’s strategic vision and commitment to excellence drive GMG’s growth and innovation in the global business community.
Mila Smart Semeshkina
Designation: Founder and CEO
Company: Lectera.com and the Women’s Empowerment Council
Industry: Education
Mila Smart Semeshkina is a visionary in edtech and women’s empowerment, founding Lectera.com and the Women’s Empowerment Council. Lectera.com offers courses in 15 languages, reaching over 4.5 million students. The Women’s Empowerment Council supports leadership and gender equality, hosting the Women’s Empowerment Convention (WE Convention). Semeshkina’s expertise in marketing and PR has guided global brands and startups. As CEO of Lectera Group, she oversees product development and operations. Semeshkina’s innovative approach to education and social responsibility positions her as a leader in edtech and women’s empowerment.
Najla Al Midfa
Designation: CEO
Company: Sharjah Entrepreneurship Centre (Sheraa)
Industry: Entrepreneurship
Najla Al Midfa joined Sheraa in 2015 and became CEO in 2018. Under her leadership, Sheraa has supported over 150 startups, securing approximately $161 million in investment. Al Midfa holds board positions at United Arab Bank, Emirates Development Bank, and other institutions. Sheraa’s Centres of Excellence (CoEs) aim to promote economic development in manufacturing, edtech, creative industries, and sustainability. Al Midfa’s strategic vision and commitment to innovation drive Sheraa’s mission to foster a robust entrepreneurial ecosystem in Sharjah.
Noor Sweid
Designation: Founder and Managing Partner
Company: Global Ventures
Industry: Investment
Noor Sweid leads Global Ventures, overseeing a portfolio of over $300 million in managed assets. The firm focuses on early-stage investments in high-growth companies in the MEA region. Sweid’s career includes roles at the Dubai Future Foundation, Leap Ventures, and ZenYoga. She has been recognized as a Young Global Leader by the World Economic Forum. Sweid’s historic achievement as the first Arab woman to take a public company to IPO highlights her leadership. Global Ventures supports innovative startups, fostering growth and scalability in undervalued markets.
Othman Ibrahim
Designation: Vice Chairman and Group CEO
Company: Rawabi Holding
Industry: Diversified
Othman Ibrahim has led Rawabi Holding’s growth into a leading conglomerate in Saudi Arabia. The company provides supply solutions and consultancy services for the petroleum industry. Rawabi Holding established Magnom Properties to create sustainable developments. Ibrahim’s vision for sustainable real estate includes zero-carbon commercial towers. Rawabi Holding’s belief in strategic partnerships drives its competitiveness and market opportunities. Ibrahim’s leadership aligns with Saudi Vision 2030, focusing on sustainability and innovation.
Paul Griffiths
Designation: CEO
Company: Dubai Airports
Industry: Aviation
Paul Griffiths has led Dubai Airports since 2007, launching Terminal 3 and Dubai World Central. Under his leadership, Dubai International (DXB) achieved record passenger traffic in 2023. Griffiths successfully managed the Covid-19 crisis and expanded DXB’s network. The airport recorded its busiest quarter in early 2024, with 23 million guests. Dubai Airports plans to surpass its previous annual traffic record in 2024. Griffiths was honored as Businessperson of the Year at the Arabian Business Achievement Awards in January 2024.
Shamsheer Vayalil
Designation: Founder and Chairman
Company: Burjeel Holdings
Industry: Healthcare
Dr. Shamsheer Vayalil leads Burjeel Holdings and Amanat Holdings, overseeing a diverse investment portfolio. He has been instrumental in developing healthcare services in the UAE. Vayalil’s leadership has propelled Burjeel Holdings to become the preeminent private healthcare services provider in the region. His strategic vision and market expansion have established him as a top investor in healthcare firms across MENA and India. Vayalil’s commitment to humanitarian initiatives and collaborations with governments has enhanced healthcare standards and addressed global challenges.
Shayne Nelson
Designation: Group CEO
Company: Emirates NBD
Industry: Banking
Shayne Nelson has over 30 years of banking experience and has led Emirates NBD since 2014. Under his leadership, the bank’s market capitalization and assets have significantly grown. Emirates NBD’s market share in UAE corporate and retail banking has increased. Nelson has overseen the bank’s digital transformation and ESG initiatives. He serves on various boards and advisory councils, contributing to strategic decision-making. Emirates NBD delivered a 65% surge in annual profits in 2023, reflecting strong business activity and growth under Nelson’s leadership.
Sunil Kaushal
Designation: CEO
Company: Standard Chartered Africa and Middle East (AME)
Industry: Banking
Sunil Kaushal leads Standard Chartered’s operations in Africa and the Middle East. With over 35 years of banking experience, he has held senior roles in various regions. Kaushal has spearheaded the bank’s digital transformation and expansion in AME. Standard Chartered’s initiatives include green loans and sustainability-linked financing. The bank achieved promising results in 2023, with significant growth in operating income and profit. Kaushal’s strategic vision and commitment to innovation drive Standard Chartered’s success in the region.
Sunny Varkey
Designation: Founder and Executive Chairman
Company: GEMS Education Group
Industry: Education
Sunny Varkey founded GEMS Education Group, the largest non-governmental operator of private K-12 schools globally. GEMS Education serves approximately 140,000 students from over 150 countries. Varkey established the Varkey Foundation, which promotes global education and awards the $1 million Global Teacher Prize. The group will inaugurate a net-zero energy school in Abu Dhabi’s Masdar City in September 2024. Varkey’s commitment to sustainability and quality education has positioned GEMS as a leader in the education sector.
Talal Moafaq Al Gaddah
Designation: Founder and CEO
Company: Keturah
Industry: Real Estate
Talal Moafaq Al Gaddah founded MAG Lifestyle Development, overseeing innovative projects in the UAE. In 2022, he introduced the Keturah brand, blending luxury with wellness principles. Keturah Reserve, the first ‘Bio Living’ concept in the Middle East, enhances residents’ well-being. Keturah’s projects prioritize sustainability and community cohesion. Al Gaddah’s visionary approach and commitment to excellence drive the brand’s success in luxury real estate. Keturah’s developments set new benchmarks for luxury living in the UAE and globally.
Sir Tim Clark
Designation: President
Company: Emirates Airline
Industry: Aviation
Sir Tim Clark has been with Emirates Airline since its founding in 1985, becoming president in 2003. He transformed Emirates into a global aviation giant. In 2023, Emirates reported a record half-year net profit and strong operating profitability. The airline plans to hire 5,000 cabin crew and take delivery of new Airbus and Boeing aircraft. Clark’s strategic vision and leadership have driven Emirates’ growth and success. He was knighted for services to British prosperity and the aviation industry.
Tony Jashanmal
Designation: Group President
Company: Jashanmal Group
Industry: Retail
Tony Jashanmal has led the Jashanmal Group’s expansion and modernization, integrating retail innovations. The group operates 150 stores in the GCC and India, distributing premium brands across various sectors. Jashanmal’s strategic vision and commitment to brand development drive the group’s success. The group’s portfolio includes Bally, Reiss, Brooks Brothers, and other international brands. Jashanmal’s leadership and innovative mindset have positioned the group as a key player in the GCC’s retail landscape.
Thomas Lundgren
Designation: Founder
Company: THE One
Industry: Retail
Thomas Lundgren founded THE One in 1996, focusing on selling emotions rather than commodities. THE One stores are designed as theatres showcasing seasonal home fashion. Lundgren supports multiple charities and promotes ethical sourcing and local volunteering. The brand includes THE One, FUSION by THE One, THE One Basics, THEOne.com, and THE One Bistro. Lundgren’s vision and dedication to customer experience have driven THE One’s growth and success in the MENA region.
Yogesh Mehta
Designation: CEO
Company: Petrochem Middle East
Industry: Energy
Yogesh Mehta founded Petrochem Middle East in 1995, establishing it as the largest chemical distributor in the region. Petrochem distributes chemicals across various industries in over 32 countries. The company is expanding its chemical storage and distribution capacity in Jebel Ali. Mehta’s strategic vision and leadership have driven Petrochem’s growth and market position. He is a Harvard Business School alumnus and supports human rights and environmental sustainability initiatives. Mehta’s contributions to the chemicals industry and Dubai’s cultural landscape are significant.
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