Egyptian CEOs grab 16 spots on Forbes ME’s latest Top 100 CEO list

Emiratis dominated the list with 19 entries, followed by Egypt’s 16 and Saudi Arabians taking 15 spots. Forbes registered 27 CEOs from the banking and financial sectors, followed by 8 telecom CEOs

By: Business Today Egypt

Thu, Jul. 7, 2022

Egyptian CEOs have secured 16 spots on Forbes Middle East’s Top 100 CEOs 2022 list. Together, the 100 CEOs managed a combined revenue of over $1 trillion in 2021, and are collectively worth over $5 trillion.

Emiratis dominated the list with 19 entries, followed by Egypt’s 16 and Saudi Arabians taking 15 spots. Forbes registered 27 CEOs from the banking and financial sectors, followed by 8 telecom CEOs. This is the 2nd time that Forbes has released the list.

Suez Canal Authority (SCA) Chairperson and Managing Director Osama Rabie took the top Egyptian CEO spot on the list, ranking 10th overall. Following Rabie is Hatem Dowidar, Group CEO of e& Group (formerly Etisalat Group) in 16th place.

The latest from SCA > Suez Canal sets new annual revenue record during FY2021/2022 at $7B

Banque Misr’s Chairperson Mohamed Eletreby took 41st place as the 3rd top Egyptian on the list, with Commercial International Bank’s (CIB) CEO and Managing Director Hussein Abaza in 47th, followed by Ahmed Abdelaal Group CEO of Mashreq Bank in 49th.

Other notable Egyptians were Qatar Islamic Bank’s (QIB) Bassel Gamal (50th), Ahmed El-Hoshy of Fertiglobe (60th), Hisham Talaat Moustafa of TMG Holding (61st), Egyptair’s Amr Abuelenein (64), Ahli United Bank’s (AUB) Adel A. El-Labban (65th), and Osama Bishai of Orascom Construction (68th).