Al Masaood, Abu Dhabi’s highly diversified family business, has been selected as one of the Top 100 Arab Family Businesses in the Middle East by Forbes Middle East for the third consecutive year. The Group joined 29 other family-owned businesses from the UAE on the notable list.
Al Masaood's inclusion in this list highlights the company's strategic vision, exceptional performance, and significant contributions to the UAE economy. With over five decades of experience, Al Masaood has emerged as a trusted partner and key player across multiple sectors, including automotive, engineering, power, and marine. It was the first company to be registered with the Abu Dhabi Chamber of Commerce in 1970, and over the course of its 50 years of operation, it has grown steadily and continues to expand. The company has provided private and public sector entities with intelligent solutions on an ongoing basis. It represents a portfolio of prominent global brands including Nissan, INFINITI, Renault, Bridgestone, MTU, Volvo Penta, Leroy-Somer, and UD Trucks.
H.E. Masaood Ahmed Al Masaood, Chairman of Al Masaood Group said: "We are honoured to be recognized as one of the Top Arab Family Businesses in the Middle East by Forbes Middle East for the third year in a row. This achievement reflects our ongoing versatility, commitment to excellence, innovation, and sustainable growth. We dedicate this success to our employees, partners, and stakeholders who have contributed to our journey of continuous improvement and strong legacy within the business community."
Forbes Middle East’s flagship annual list showcases the Top 100 Arab Family Businesses for 2023, featuring MENA's most exceptional legacy businesses, remarking on their resilience and notable contributions to the region's economic markets. Each conglomerate is meticulously evaluated based on various factors, including the size and performance of their holdings, business activity, age, legacy, geographical presence, and sector diversification.
Al Masaood's continued recognition as a top Arab family business underscores its ability to adapt, innovate, and remain at the forefront of the ever-evolving economic landscape. The company's steadfast commitment to preserving its legacy while embracing change has contributed to its sustained success.