Al Masaood Group, one of Abu Dhabi’s renowned family businesses, has been named one of the Top 100 Arab Family Businesses by Forbes Middle East for the fourth consecutive year.
Al Masaood has continually contributed to the economy and society of Abu Dhabi and the UAE. Founded over half a century ago, the Group has etched its name as an integral contributor to the nation’s growth and development across various sectors such as automotive, engineering, power generation, and marine services. Al Masaood's journey began with its historic registration as the first company with the Abu Dhabi Chamber of Commerce in 1970, setting the stage for its role in the region's business landscape. Through strategic partnerships and representation of globally renowned brands like Nissan, INFINITI, Renault, Volvo Penta, Volvo Penta, Leroy Somer, mtu, and Bridgestone, among others, Al Masaood has prided itself in the quality solutions it has served its customers in both the private and public sectors.
2023 was a year marked by remarkable achievements, for the Group – Al Masaood Automobiles, the Group's flagship entity, garnered significant accolades, including the esteemed Sheikh Zayed Excellence Award, the INFINITI Global Dealer Award for 2023, alongside the Global Nissan Aftersales Award for the third consecutive year.
Al Masaood's stride towards sustainability was also evident in 2023 with its Industrial Group strengthening its presence in the renewable energy sector, embracing solar power, solar charging, emission-less power generators, and hydrogen technologies. This strategic direction is reflective of the organisation’s dedication to the UAE’s net-zero ambitions and the region’s green revolution. Al Masaood was also present at COP28 in the UAE, showcasing its homegrown sustainable SHAMS+ solution at the world stage.
H.E. Masaood Ahmed Al Masaood, Chairman of Al Masaood Group, said, "To be recognised year after year as a Top Arab Family Business in the Middle East by Forbes Middle East, among other notable businesses from cross the region is indeed an honour. It reflects the very essence of Al Masaood – growing and innovating in constant pursuit of excellence across all endeavours. This accolade belongs to every member of the Al Masaood family whose work has allowed us to break records, set new industry benchmarks, and drive our mission forward. Looking ahead, we aim to continue our legacy of positive contribution to the UAE, the region, and the world.”
Forbes Middle East's prestigious annual ranking, the Top 100 Arab Family Businesses, is a celebration of the MENA region's most influential and enduring family-run enterprises. The list is a recognition of those businesses that have demonstrated remarkable resilience and made significant impacts on the region's economic fabric. Each business is rigorously evaluated on a multitude of dimensions such as the scale and efficacy of their operations, their rich heritage, expansive geographical footprint, and the diversity of sectors they operate in.
Al Masaood's repeated acknowledgment in the elite list is a testament to its agility and innovative spirit and its ability to adapt to constantly changing market dynamics.