Forbes Middle East Unveils the Middle East’s Top 100 CEOs 2023

Forbes Middle East has released its third annual list of the Top 100 CEOs in the Middle East, spotlighting the business heads that are running the region’s biggest and most influential homegrown companies. Combined, the 100 CEOs managed revenues of over $1 trillion in 2022. Their firms are collectively worth more than $5 trillion.

Amin H. Nasser, President and CEO of the world’s largest crude oil producer Saudi Aramco, topped the ranking. ADNOC Group’s Sultan Al Jaber and Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates Airline and Group rounded up the top three spots. These three executives have retained their ranking for the third consecutive year.

The 2023 cohort represents leaders from 22 nationalities. Emiratis dominated with 23 entries, followed by Egyptians with 19 and Saudis with 18. These three groups comprise 60% of the ranking, signaling positive momentum for localization. With 17 CEOs, the banking sector claimed the most entries, followed closely by real estate and construction with 14 and telecommunications with nine. Among the top 10 alone, six different industries are represented, illustrating the sector diversity in top leadership. 
Against the recurring priority of sustainability this year, the leaders on this ranking have accelerated their corporate sustainability measures to align with global commitments. Majid Al Futtaim – Holding’s Ahmed Galal Ismail led the group to achieve an 82% reduction in single-use plastic consumption in the first half of 2023. At the COP28 held in Dubai, ADNOC Group’s Sultan Al Jaber served as the president-designate of this year’s climate change conference for global transformative climate action. Meanwhile, Dubai Electricity and Water Authority’s (DEWA) Saeed Mohammed Al Tayer intends to increase its water desalination capacity to 730 million imperial gallons per day by 2030, up from 490 million in 2023.

To construct this ranking, Forbes Middle East assessed the CEOs using various metrics, including the individual's accomplishments and implemented innovations over the past year, size of their company, and their impact on their firm and the wider industry. Only CEOs of companies headquartered in MENA were considered.

Top 10 CEOs In The Middle East 2023

1. Amin H. Nasser 
Nationality: Saudi 
President & CEO, Saudi Aramco 
 

2. Sultan Al Jaber 
Nationality: Emirati 
Group CEO & Managing Director, ADNOC Group
 

3. Ahmed bin Saeed Al Maktoum 
Nationality: Emirati 
Chairman & Chief Executive, Emirates Airline & Group 
 

4. Saad Sherida Al-Kaabi 
Nationality: Qatari 
Deputy Chairman, President & CEO, QatarEnergy 
 

5. Isam Jasem Al-Sager
Nationality: Kuwaiti 
Vice Chairman & Group CEO, National Bank of Kuwait (NBK Group)

6. Nawaf S. Al-Sabah
Nationality: Kuwaiti 
Deputy Chairman & CEO, Kuwait Petroleum Corporation (KPC)
 

7. Sultan Ahmed Bin Sulayem 
Nationality: Emirati 
Group Chairman & CEO, DP World  
 

8. Olayan Alwetaid 
Nationality: Saudi 
Group CEO, stc Group
 

9. Syed Basar Shueb 
Nationality: Emirati 
CEO & Managing Director, International Holding Company (IHC) 
 

10. Hatem Dowidar
Nationality: Egyptian 
Group CEO, e&

Click here to view the complete Top 100 CEOs in the Middle East 2023 list.

About Forbes Middle East

Forbes Middle East is a licensed edition of Forbes for the Arab world, championing inspiring business journalism and entrepreneurial capitalism. Its online and social platforms break news covering billionaires, business, investment, technology, economy, entrepreneurship, leadership, and luxury lifestyles. The monthly magazine, featuring in-depth interviews with the Middle East’s most influential and innovative leaders, is published in print in English and Arabic, with digital versions available to both regional and global audiences online. Forbes Middle East extends the Forbes brand of journalism across the Arab world, conducting its own comprehensive research to publish original lists that adhere to strict methodologies. Its content attracts business leaders, investors, active and potential entrepreneurs, and a wide audience of ambitious and influential executives.
Media contact: Basma Aly Sadek: [email protected]