| 1 October 2022, Saturday |

Four Saudi women listed in Forbes top 50 most powerful businesswomen

Four Saudi women were named to Forbes’ list of the top 50 most influential businesswomen this year, which included women from 19 nations and 17 industries.

Sarah al-Suhaimi, Hutham Olayan, Lubna Olayan, and Basma al-Maiman are the Saudi Arabian women that made the list.

Sarah al-Suhaimi

Sarah al-Suhaimi, the first Saudi woman to head the Kingdom’s Stock Exchange Tadawul, came in fourth position. The Saudi Arabian Stock Exchange is the largest stock exchange in the Middle East.

She also serves on the board of Saudi Telecom Company (STC), the country’s major telecom provider, and is a trustee of the International Financial Reporting Standards Foundation.

Al-Suhaimi is also a member of the Saudi Cultural Development Fund and the Saudia Airlines Board of Directors.

Hutham Olayan

Hutham Olayan, ranked sixth, is the chairperson of the Olayan Group, a private, international conglomerate with an actively managed worldwide investment portfolio. The Olayan Group, founded in 1947, is a worldwide investor with interests in a variety of industries.

Olayan was named to the board of Brookfield Asset Management Inc. in January 2021.

According to Forbes Middle East, real estate investments include 550 Madison Avenue in New York, Knightsbridge Estate in London, and the Hotel Ritz in Madrid.

The Olayan Group bottles Coca-Cola, operates Burger King restaurants, and makes cans and paper in Saudi Arabia.

Lubna Olayan

Lubna Olayan was placed 11th on the Forbes list. She departed as the Chief Executive Officer of Olayan Finance after more than 30 years in the position.

She was appointed chairwoman of Saudi British Bank in 2019. (ABB). She also served as the chairman of the board of Alawwal Bank, which merged with SABB in 2021.

Olayan was the first Saudi woman to join the board of directors of a publicly traded Saudi corporation.

She also serves on the boards of Olayan Finance, Schlumberger and Ma’aden, Allianz, McKinsey & Company, Bank of American Merrill Lynch, and Akbank.

Basmah Abdulaziz al-Mayman

Basmah al-Mayman, the Regional Director for the Middle East at the United Nations World Tourism Organization (UNWTO), came in 15th place, making her the first Gulf Cooperation Council (GCC) national to hold a leadership position at UNWTO and the first woman to lead the region in the organization’s history.

In collaboration with the UNWTO, Al-Mayman also developed the World Tourism Academy in Saudi Arabia. She was named one of the MENA region’s youngest CEOs by the World Bank in 2020.

Prior to this, she spent almost 17 years with the Saudi Commission for Tourism and National Heritage (SCTH).

This year’s Forbes Middle East list of the top 50 most important and successful businesswomen also includes women from the United Arab Emirates, Egypt, Saudi Arabia, Morocco, Kuwait and Oman.

When producing the list, Forbes noted that it considered revenues, assets, market capitalization, designation, total work experience, accomplishments made over the last year, corporate social responsibility and editorial points into consideration.

  • alarabiya