Mediaquest’s Top CEO Awards in the GCC are distinctive because only the CEOs of listed companies are eligible. The awards are based on the financials of those companies; furthermore, the process is transparent and audited. TRENDS is also working closely with INSEAD to ensure that the formula is the most accurate, and with Hawkamah to ensure that corporate governance and disclosure criteria form a part of the ranking
Leadership, a good business strategy and sustainable growth are some of the major traits a successful chief executive officer must possess. A CEO is akin to the captain of a ship, who is responsible for ensuring a successful voyage. A chief executive leads from the front, not only making policies, but also finding ways to execute them. Decisions taken by a CEO can make or break a company.
The Gulf region has recorded steady growth over the past five years. Revenues of companies are increasing, stock markets are rising and employment in the region is growing for every extra point of GDP growth. At the helm of these companies are men and women who are transforming the business in the GCC. These CEOs deserve recognition from their peers and from the wider business community.
TRENDS magazine launched the ranking of Top CEOs in the region in 2011. The aim was to develop a transparent and credible ranking in the Gulf region and promote corporate governance.
Our team focuses on financial facts for publicly listed companies and started by closely studying firms listed on the Dubai Financial Market, the Abu Dhabi Securities Exchange and the Saudi Arabian stock exchange, Tadawul. From 2015, we started looking at all of the firms listed on the stock exchanges of Saudi Arabia, the UAE, Qatar, Bahrain, Kuwait and Oman.
TRENDS is the leading magazine on Arab affairs in the Mena region. The magazine provides business leaders with critical insight and in-depth analysis of issues and developments in the Middle East, while forming opinions on business, social, political and economic matters. Delivering sterling information and analysis on the region for more than 15 years, TRENDS has established itself as the premier source for Arab affairs.
INSEAD, the Business School for the world. As one of the world’s leading and largest graduate business schools, INSEAD brings together people, cultures and ideas to change lives and to transform organizations. With campuses in Europe (France), Asia (Singapore) and Abu Dhabi, INSEAD’s business education and research spans three continents. Its 146 renowned faculty members from 34 countries inspire more than 1,300 degree participants annually in MBA, Executive MBA, Specialized Masters’ degrees (Master in Finance, Executive Master in Consulting and Coaching for Change) and PhD programs. In addition, more than 12,000 executives participate in INSEAD’s Executive Education programs each year.
Only the firms listed on the stock exchanges of Saudi Arabia, the UAE, Qatar, Bahrain, Kuwait and Oman are eligible for the ranking. The leaders or the CEOs of the listed firms on the GCC bourses are ranked based on their company’s performance during the past fiscal year. All companies are evaluated.
Market reports are sourced from the GCC stock exchanges and parameters include revenues, earnings per share, profits, growth and corporate governance (transparency, timely submission of financial reports to the regulators and communication with shareholders). The ranking is finalized on the basis of hard statistics and numbers readily available to any researcher. This method makes the TRENDS and INSEAD’s Top CEO list the most transparent and unbiased in the region.
The ranking is compiled by TRENDS magazine in association with INSEAD business schools. TRENDS magazine is recognized as one of the most credible business publications in the region. With unique insight, depth and analysis, TRENDS reaches the C-suite executives and government officials in the region. One of the top business schools in the world, INSEAD provides unique insight and research to develop the algorithm on which the formula is based. Deloitte – One of the leading top 4 auditing firms in the world, brings its expertise in ensuring that the entire process is transparent and credible.