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Annually, Forbes launched a listing of its prime 100 businesswomen main among the largest corporations within the Center East and making a powerful influence.
This 12 months’s listing of probably the most highly effective businesswomen featured 104 ladies from 27 sections and 27 nationalities. The banking and monetary providers sector dominated the listing with 23 entries, then 11 main diversified companies, eight in investments, six from retail, and 5 from healthcare.
Lebanese ladies recurrently prime the listing. This 12 months, virtually 10% of the ladies have been Lebanese.
The ten Lebanese ladies on Forbes’ 2023 listing are:
#1 Samia Bouazza – Rank 18
Firm: Multiply Group
Title: Group CEO & Managing Director
Sector: Diversified
Bouazza based Multiply Group in 2003 because the Multiply Advertising Consultancy (MMC). The corporate was later acquired by the Worldwide Holding Firm in 2020 and shifted its focus to numerous sectors resembling media, vitality and utilities, mobility, wellness, magnificence, and the digital financial system. In December 2021, the Multiply Group went public on the Abu Dhabi Securities Alternate. In Might 2022, the corporate introduced its intention to speculate $50 million in Borouge’s IPO. In Q3 2022, the group acquired a 7.3% stake within the Abu Dhabi Nationwide Vitality Firm (TAQA) for $2.7 billion and likewise acquired 80% of Worldwide Vitality Holding.
#2 Mona Ataya – Rank 32
Firm: Mumzworld
Title: Founder & CEO
Sector: E-commerce
Ataya cofounded Mumzworld in 2011, which was later acquired by the Saudi-based Tamer Group in June 2021. After the acquisition, Ataya turned the Group CEO for all digital belongings of the Tamer Group. The e-commerce platform serves 2.5 million clients throughout the Center East with over 350,000 merchandise from 6,500 world manufacturers and has expanded to Jordan, Lebanon and plans to increase to the UAE by Q1 2023.
#3 Saeeda Jaffar & #4 Leila Sarhan – Rank 40
Firm: Visa
Title: Saeeda: Senior Vice President & Group Nation Supervisor—GCC; Leila: Senior Vice President & Group Nation Supervisor—North Africa, Levant and Pakistan (NALP)
Sector: Banking and Monetary Companies
Visa employed Jaffar and Serhan in 2021. The corporate signed an MoU with the Arab Financial Fund in August 2021 to assist the expansion of cross-border funds within the area. Visa launched its “She’s Subsequent” initiative within the MENA area in July 2022 to empower feminine entrepreneurs within the U.A.E, Saudi Arabia, Egypt, and Morocco. In the identical 12 months, Visa collaborated with varied organizations in Egypt, Morocco, and Pakistan to launch a “Keep Safe” marketing campaign to coach shoppers about cost safety. Jaffar serves on the board of trustees at Kuwait College, and Serhan is the founder and president of the Girls in IT Affiliation in Lebanon.
#5 Olfat Sami Berro – Rank 50
Firm: Roche
Title: Space Head Center East
Sector: Prescription drugs
Roche employed Berro in 2003 and she or he turned the corporate’s chief in 2019. In 2021, Roche partnered with Microsoft and signed an MoU with them. In 2022, Roche established a strategic partnership with King Faisal Specialist Hospital and Analysis Centre in Saudi Arabia and launched RISE, a expertise improvement program. In 2021, Roche’s prescribed drugs division generated world gross sales of $47 billion. Berro holds membership within the Government Committee of the PhRMA Center East & Africa, the regional department of The Pharmaceutical Analysis & Producers of America (PhRMA), and is a part of Roche’s Range and Inclusion Council.
#6 Rima Assi – Rank 59
Firm: McKinsey & Firm
Title: Senior Associate & Managing Associate, Abu Dhabi
Sector: Consulting
Assi is a seasoned trade knowledgeable with 19 years of expertise, 16 of which have been spent with McKinsey & Firm. She has contributed to a number of analysis papers, together with the well-received “Girls at Work within the Center East.” In 2021, McKinsey & Firm launched its digital studying platform “Ahead” within the Center East, Africa, and Turkey, in addition to the third version of the Qiyada Rising Leaders program. Assi can also be a member of the celebrated World Financial Discussion board’s Younger International Leaders. Earlier than becoming a member of McKinsey, she labored as a danger analyst at Société Générale.
#7 Farah Foustok – Rank 68
Firm: Lazard Asset Administration
Title: CEO – Center East
Sector: Investments
Foustok has been a seasoned funding skilled for nearly three many years, together with her profession beginning in 1994. In 2014, she joined Lazard Gulf Restricted, a number one monetary advisory and asset administration agency, the place she has been working ever since. In 2020, she demonstrated her dedication to empowering ladies within the enterprise world by launching TARA, a velocity mentoring initiative aimed toward supporting feminine entrepreneurs. Moreover, Foustok was appointed as a co-chair of the Girls in Enterprise Motion Council for the B20, additional solidifying her place as a champion for girls within the company world. Earlier than her tenure at Lazard Gulf Restricted, Foustok has held key positions at varied outstanding monetary establishments, together with NBD Funding Financial institution, EFG-Hermes Holding, Deutsche Financial institution in London, and Morgan Stanley.
#8 Leila Hoteit – Rank 70
Firm: Boston Consulting Group (BCG)
See additionally
Title: Managing Director & Senior Associate
Sector: Investments
Hoteit is a human capital knowledgeable and is on the forefront of BCG’s Training, Employment, and Welfare (EEW) follow. She brings experience in social improvement and tradition to her function, the place she collaborates with key coverage makers, regulatory our bodies, and public entities to develop insurance policies. Throughout the pandemic, Hoteit efficiently led the EEW follow at BCG Center East, leading to a ten% development globally, notably a 58% development in Europe, the Center East, and South America. She additionally holds a place as a jury member for the International Trainer Prize.
#9 Elda Choucair – Rank 74
Firm: Omnicom Media Group (MENA)
Title: CEO
Sector: Media and Advertising
Choucair was appointed because the CEO of OMG MENA in June 2021, the place she leads an organization that provides top-notch strategic communication and media session providers to manufacturers. Previous to turning into the CEO, she served because the COO of OMG MENA beginning June 2019. She is a outstanding determine within the promoting trade and holds a number of notable positions, together with Vice Chair on the Promoting Enterprise Group, Founding Board Member at Unstereotype Alliance, Board Member at Endeavor and IAB GCC, and Advisory Council Member on the Center East Motion for Range Council. The latter group works in the direction of addressing variety and inclusion challenges within the area.
#10 Might Nasrallah – Rank 98
Firm: deNovo Companions
Title: Founder & Government Chairman
Sector: Funding Banking
Nasrallah is the founding father of deNovo, an organization established in 2010. Previous to beginning deNovo, she spent over 15 years at Morgan Stanley the place she made historical past because the youngest lady to be appointed as a managing director. In 2005, Nasrallah established, led and grew Morgan Stanley’s first Center Japanese headquarters in Dubai. Along with her work with deNovo, she additionally serves because the chairwoman of the Lebanese Worldwide Finance Government and was appointed as a non-executive chairman and senior advisor for BlackRock’s Center East Enterprise in 2020.
Emirati Hana Al Rostamani, Group CEO of First Abu Dhabi Financial institution (FAB), took the primary place of the listing. The financial institution is the biggest within the UAE with $312.4 billion in whole belongings and internet income exceeding $3 billion final 12 months.
In response to Forbes, the methodoly used when creating the rating is predicated on the next standards, with every level assigned a weight:
- The influence that the chief has had on the area and the markets that she serves.
- The achievements and efficiency of the chief within the final 12 months.
- The quantity and extensiveness of the sustainability and CSR initiatives led by the chief.
- Designation.
- Measurement of the enterprise by way of revenues, belongings, AUM, market capitalization, and the variety of staff.
- The variety of years of trade expertise that the chief has and the time they’ve served of their present function.
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