Forbes Middle East announces list of Middle East’s most powerful businesswomen

AMMAN — Forbes Middle East has revealed its flagship annual list of the region’s most powerful businesswomen for 2023, ranking the female leaders championing business success in the Middle East and beyond. 

The list was constructed based on the size of the business, the individual’s impact, achievements, and performance over the last year, and the scope of CSR and other initiatives led by the person, according to a statement sent to The Jordan Times.  

Hana Al Rostamani, Group CEO of the First Abu Dhabi Bank (FAB), climbed two spots to land first place this year. In June 2022, FAB completed a merger with Bank Audi Egypt under the umbrella of FABMISR, making it one of the largest foreign banks in Egypt, with assets worth $10 billion as of March 2022. 

Raja Easa Al Gurg, Chairperson and Managing Director of Easa Saleh Al Gurg Group, and Lubna S. Olayan, Chair of the Saudi British Bank and Chair of the Executive Committee and Deputy Chair of Olayan Financing Company, rounded up the top three. 

NBK’s Sheikha Khaled Al Bahar ranks first in Kuwait and fourth regionally. Al Rostamani and Al Gurg were also both recognised on Forbes’ 2022 list of the World’s 100 Most Powerful Women. 

The 2023 ranking celebrates business titans from 27 different nationalities across 27 sectors. Emirati and Egyptian women dominate the list, with 15 and 12 entries, respectively. They are followed by Saudi with 11 listees, Kuwait with eight, and Lebanon, Oman and Qatar with six each.