In our 2023 list of the Top 100 Arab Family Businesses, over 60% are major shareholders in a company listed on a regional stock exchange. Most of these listed companies’ family businesses were among the founding shareholders. Only four of the top 100 family businesses have women leaders. On the ESG front, the region’s family businesses are mostly focused on social causes rather than the environment. According to a 2023 PwC study, only 11% of family businesses have set targets around their environmental impact and only 38% regularly communicate how they are performing against non-financial indicators.

Source: Forbes August 01, 2023 12:01 UTC