• A.E.-based labels lead the 40 Women Behind Middle Eastern Brands list with 15 entries, followed by Egypt with eight and Lebanon with seven.
  • Huda Beauty co-founders Huda and Mona Kattan reign at the top of the list with an estimated $250 million in annual sales.
  • The 10 Women Behind Middle Eastern Tech Brands have secured a total of $120 million in funding.

Dubai: Forbes Middle East has revealed its third annual ranking of the leading 40 Women Behind Middle Eastern Brands 2021, featuring the female entrepreneurs behind some of the region’s most well-known brands across beauty, fashion, jewelry, accessories, handbags, and footwear categories. The list was constructed based on the brand’s celebrity endorsements, social media following, geographic presence, years of experience, and media coverage. This year, U.A.E.-headquartered brands dominate the list with 15 entries, followed by Egypt with eight and Lebanon with seven. The labels in this ranking count international and local royals and A-listers as their clients, from Queen Rania of Jordan to Beyonce.

Iraqi-American sisters Huda and Mona Kattan lead the pack with their Dubai-based multi-million-dollar empire Huda Beauty, which began as a blog in 2010. Huda was also ranked #47 on Forbes’ list of America’s Richest Self-Made Women 2020, with an estimated net worth of $510 million as of October 13, 2020. The label generates an estimated $250 million in annual sales. Some of the oldest established brands on the list, fashion label Reem Acra and Azza Fahmy Jewellery, rank second and third, respectively. 

To recognize the female founders and co-founders of the region’s most successful online platforms and apps, Forbes Middle East has also unveiled a ranking of 10 Women Behind Middle Eastern Tech Brands. These startups were additionally evaluated on the amount of external funding received as well as revenues.

Thanks to its attractive business landscape and ease-of-doing-business, the U.A.E. once again reigns the list with eight entries headquartered in the emirates, followed by two brands in Saudi. Together, the 10 companies startups have secured over $120 million in funding. Well-established e-commerce player Mumzworld—founded by Palestinians Mona Ataya and Leena Khalil—landed the top spot. The Middle East’s biggest online baby shop has raised $50 million through five rounds of funding. In June 2021, Mumzworld agreed to be acquired by Tamer Group in what will be the largest exit for an all-woman-founded startup in the region.

Of the 10, three tech brands operate in the U.A.E. Fintech space, indicating the Arab nation’s leading position in the rapidly growing and profitable sector. Co-founded by Sarah Toukan last year, the U.A.E.-headquartered peer-to-peer payment app Ziina is the youngest tech company to feature on the list. Nonetheless, Ziina has secured $7.5 million in its latest funding round, taking its total funding to more than $8.6 million to date.

Click here for the complete rankings of the Women Behind Middle Eastern Brands 2021. 

Top 5 Women Behind Middle Eastern Brands 2021 

1 | Huda & Mona Kattan

Brand: Huda Beauty (Sub-brands: KAYAlI, WISHFUL)

Category: Beauty

Established: 2013

Nationality: Iraqi-American

HQ: U.A.E.

2 | Reem Acra

Brand: Reem Acra

Category: Fashion

Established: 1997

Nationality: Lebanese-American

HQ: U.S. 

3 | Azza Fahmy, Amina & Fatma Ghali

Brand: Azza Fahmy Jewellery

Category: Jewelry

Established: 1969

Nationality: Egyptians

HQ: Egypt 

4 | Dima Rashid  

Brand: Dima Jewellery

Category: Jewelry

Established: 2002

Nationality: Palestinian  Canadian

HQ: Egypt

5 | Gemy Maalouf

Brand: Gemy Maalouf

Category: Fashion

Established: 1996

Nationality: Lebanese

HQ: Lebanon

Top 5 Women Behind Middle Eastern Tech Brands 2021

1 | Mona Ataya & Leena Khalil

Brand: Mumzworld

Category: E-Commerce

Established: 2011

Nationality: Palestinians

HQ: U.A.E.

2 | Ambareen Musa  

Brand: Souqalmal.com

Category: Financial Products Comparison Site

Established: 2012

Nationality: Mauritian

HQ: U.A.E. 

3 | Dana Baki

Brand: Munch: On

Category: Food Delivery

Established: 2015

Nationality: Lebanese-American

HQ: U.A.E. 

4 | Ola Younia Doudin

Brand: BitOasis

Category: Crypto Trading

Established: 2015

Nationality: Jordanian

HQ: U.A.E.

5 | Nadine Mezher  

Brand: Sarwa

Category: Fintech

Established: 2017

Nationality: Lebanese

HQ: U.A.E. 

About Forbes Middle East

Forbes Middle East is a licensed edition of Forbes for the Arab world, championing inspiring business journalism and entrepreneurial capitalism. Its online and social platforms break news covering billionaires, business, investment, technology, economy, entrepreneurship, leadership, and luxury lifestyles. The monthly magazine, featuring in-depth interviews with the Middle East’s most influential and innovative leaders, is published in print in English and Arabic, with digital versions available to both regional and global audiences online.

Forbes Middle East extends the Forbes brand of journalism across the Arab world, conducting its own comprehensive research to publish original lists that adhere to strict methodologies. Its content attracts business leaders, investors, active and potential entrepreneurs, and a wide audience of ambitious and influential executives.

Media Contact
Juweyria Hersi,
hersi@forbesmiddleeast.com

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