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Five executives from Oman in Forbes’ Top ME CEOs ranking

7 Mar 2021

Five Oman-based CEOs have made it to the Forbes Middle East first annual ‘Top CEOs in the Middle East’ ranking, recognising the executives making significant contributions to the region’s economies.  

The inaugural list celebrates the visionary executives who are strategically spearheading grow-th, both in the workplace and their industries. ‘At a time when the only certainty is more uncertainty, these business leaders are demonstrating that agility and adaptability are key to survive and thrive. Some are scaling large family businesses, others are responsible for government-owned companies,’ stated Forb-es in its report on the ranking.   

From Oman, Abdulrahman Salim al Hatmi, group CEO of Asyad, is ranked 15th, followed by Raoul Restucci, managing director of PDO (25th), Talal Said al Mamari, CEO of Omantel (45th), Waleed Khamis al Hashar, CEO of Bank Muscat (68th) and AbdulAziz al Balushi, group CEO of Ominvest (77th). 

The 100 CEOs represent 24 nationalities and 21 sectors. Saudi nationals dominate the list with 18 entries, followed by Emirati and Egyptian leaders with 16 entries each. Combined, these three groups make up half of the ranking.  

Four out of the top five are from the region’s oil and gas industry: Aramco’s Amin H Nasser, is ranked 1st, followed by ADNOC Group’s Sultan Ahmed al Jaber (2nd), Kuwait Petroleum Corporation’s Hashem Hashem (4th), and Sonatrach’s Toufik Hakkar (5th).  

Ahmed bin Saeed al Maktoum, chairman and CEO of Emirates Group, is the only one in the top five from outside the oil and gas industry.  

With 29 listees, the banking and financial services sector contributes nearly a third of the ranking. Abdulla Mubarak al Khalifa, group CEO of Qatar National Bank, stands as the Middle East’s top banking and financial services executive at rank eighth. Notable newcomer, Hana al Rostamani, ranks 19th on the list. The Emirati began her role as FAB’s new group CEO in late January 2021, having previously served as deputy group CEO and head of personal banking.   

Forbes Middle East assessed the size of the CEO’s company using various measures, the individual’s accomplishments over the past year, and their impact on their firm and the wider industry. 

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