The Al Gurg Living team met for an Iftar meal as part of the Holy Month of Ramadan, at Ninive in Emirates Towers. It was an evening of bonding and delicious food.
ESAG listed among ‘Top 100 Arab Family Businesses’ by Forbes Middle East
ESAG has been listed among the ‘Top 100 Arab Family Businesses,’ for 2023, by Forbes Middle East. Saudi Arabia dominates the list with 33 entries and is home to four of the top 10 companies. The UAE comes in close second place with 29 entries, followed by Egypt with nine, and Qatar with eight. These listings not only bring in capital but allow family members to unlock value, as well as improve transparency and governance.
While there are now female board members in most family businesses in the Middle East, almost all the heads are still men. Only four of the top 100 family businesses including ESAG have women leaders.
Most of these listed companies’ family businesses were among the founding shareholders. Several companies on the list have stood the test of time, with six of the entries established in the 1800s.