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Forbes Middle East - English (Digital)

Forbes Middle East - English (Digital)

1 Issue, Feb 2024

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MENA's Most Powerful Businesswomen Leading: Family Firms

MENA's Most Powerful Businesswomen Leading: Family Firms
1 Raja Easa Al Gurg
Company: Easa Saleh Al Gurg Group (ESAG)
Title: Chairperson & Managing Director
Nationality: Emirati Sector: Diversified
Al Gurg has been with ESAG since 1989 and was appointed to her current position in 2022. She oversees over 3,000 people. ESAG has over 30 companies in its portfolio. Al Gurg is also the founder and president of the Dubai Business Women Council and sits on the board of the Dubai Chamber of Commerce. She is also a member of the Family Business Advisory Committee, which oversees the work of the Dubai Centre for Family Businesses. Al Gurg serves as chairperson of the Al Jalila Foundation and is a member of the board of trustees at Ajman University, among others.
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2 Renuka Jagtiani
Company: Landmark Group
Title: Chairwoman
Nationality: Indian Sector: Retail 
Jagtiani has been at Landmark Group since 1993 and was appointed chairwoman in 2017. The group was founded by her late husband, Micky Jagtiani, in 1973, when he set up a baby products store in Bahrain targeting South Asian customers. He passed away in May 2023. Today, Landmark Group has over 2,200 stores across 21 countries and includes brands such as Babyshop, Centrepoint, SHOEMART, Max, and Lifestyle.
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3 Lubna S. Olayan
Company: Olayan Financing Company (OFC)
Title: Chair of the Executive Committee and Deputy Chair
Nationality: Saudi 
Sector: Banking and Financial Services
Before assuming her current position, Olayan was CEO of her family business for over 33 years. She has also been the chair of Saudi Awwal Bank since June 2019. In 2004, she became the first woman to join the board of a Saudi publicly listed company when she was elected deputy chairman of Alawwal Bank. She is a trustee of MIT, council chairman emeritus of the Asia Business Council, and the chair of U.K.based charity Alfanar.
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4 Mona Yousuf Almoayyed
Company: Y.K. Almoayyed & Sons
Title: Managing Director
Nationality: Bahraini
Sector: Diversified
Almoayyed has 50 years of industry experience and has been in her current role since 2000. In November 2023, Y.K. Almoayyed & Sons commissioned two solar power plants at its facilities, bringing its total to four, which will contribute to 43% of the company’s energy requirements. In 2023, the company added several new brands to its portfolio, including Panasonic, Nikai, Hisense, BKT, and ELF. Almoayyed is also the chairwoman and head of the audit and risk committee of Ebdaa Microfinance Company - Bahrain and was the first woman to be elected to the board of a publicly traded company in the kingdom, Bahrain Maritime and Mercantile International.
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5 Farida and Yasmine Khamis
Company: The Orientals Group; Oriental Weavers Carpet
Title: Farida: Chair; Yasmine: Chair
Nationality: Egyptian
Sector: Retail
The Oriental Weavers Group is one of the largest producers of machine-woven carpets in the world. The group exports to more than 130 countries and recorded $416.6 million in revenues in the first nine months of 2023. Farida is also the chair of the British University in Egypt and the Egyptian Propylene and Polypropylene Co. and a board member of Oriental Weavers Carpet. Yasmine is also a member of the board of trustees for the British University in Egypt, the Egyptian Propylene & Polypropylene Company, and the Orientals Holding Company, as well as a member of the UN Global Compact.
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Forbes Middle East - English (Digital) - 1 Issue, Feb 2024

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