The Egyptian conglomerate Mansour ranks first on the Forbes list of the 100 most important family businesses in the Middle East and North Africa!
Family businesses take a prominent place in the Middle East and North Africa, as they structure the economy. Each year, Forbes recognizes their importance by publishing a ranking of the 100 largest family businesses, headed by the most powerful families in these regions. This year, Mansour Group has risen to the top of this list. Founded in 1952 by Loutfy Mansour in Cairo, the company had a modest start as a cotton exporter. Three generations have succeeded and transformed the company into a giant conglomerate working in several sectors, including automotive, finance, investment and catering. In addition to being the largest General Motors dealer in the world that sells more than 75,000 vehicles per year, Mansour Group is also a major distributor of Caterpillar brand products. As a formidable investor, the group owns, among other things, shares in Spotify, Uber, Airbnb, Facebook and Twitter, in addition to managing 100 McDonald’s franchises. Today, Mansour Group is owned and managed by the brothers Yasseen, Mohammed and Yousseff Mansour. Present in more than 100 countries and employing more than 60,000 people, it is the second-largest company in Egypt in terms of turnover.
Read the news: ‘The 5 Most Poweful Family Businesses in the Middle East’
