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50 WOMEN BEHIND MIDDLE EASTERN BRANDS 2023

Forbes Middle East - English

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July 2023

Meet the Female Founders

50 WOMEN BEHIND MIDDLE EASTERN BRANDS 2023

1 Huda Kattan
Brand: Huda Beauty
Category: Beauty Establishment: 2013 Nationality: Iraqi-American Headquarters: U.A.E.

Kattan started her makeup brand, Huda Beauty, with her two sisters in 2013. She launched her brand with a collection of false lashes, then expanded into skincare and cosmetics, retailing direct-toconsumer and in stores like Sephora around the world. In 2021, she launched the GloWish line of makeup as a sub-brand of Huda Beauty. Today, Huda Beauty sells more than 140 products, bringing in about $200 million in annual sales. Forbes recognized Kattan as one of America’s Richest Self-Made Women in 2023, with an estimated net worth of $400 million as of May 12, 2023.

2 Rayan Al Sulaimani 
Brand: Atelier Zuhra
Category: Fashion Establishment: 2015 Nationality: Omani Headquarters: U.A.E. and Oman

Atelier Zuhra was founded in the U.A.E. in 2015 by Rayan Al Sulaimani’s mother, Mouza Al Awfi. The brand creates haute couture pieces, bridal wear, abayas, and embellished work on upcycled denim. Global celebrities that have worn the brand include Beyoncé, Nicki Minaj, Naomi Campbell, Winnie Harlow, Madelaine Petsch, Nora Fatehi, and Paris Hilton. Beyoncé wore Atelier Zuhra at the opening of the Atlantis The Royal in January 2023.

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Crash-Proof Funds

WORRIED ABOUT A BUBBLE? INNOVATOR CAPITAL HAS 160 ETFS DESIGNED TO LET YOU RIDE THE BULL MARKET WITH YOUR SEAT BELT SECURELY FASTENED.

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BUILDING BLOCKS

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Leadership: The Journey Continues

Becoming a leader is not a conclusion, it is the beginning of a journey and the Middle East's business elite is putting its best foot forward.

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PROFITING PERSONALLY

Lili Reinhart rode mainstream media to stardom. Now she's building a huge social media fan base to back her entertainment and skin care bets.

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UNLOCKING VALUE

Mahmoud AbdelMaksoud, Cofounder and Co-CEO of Nawy Unlocked, is transforming Egypt's rental market by converting idle unfinished units into income-generating homes. After joining Nawy in January 2025 via acquisition, he plans to scale from 300 units to 7,000 within five years.

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AI's Inner Voice

ELEVENLABS' computer voices are so convincing they could fool your mother. That's both a blessing-its 30 Under 30 alumni founders are now both billionaires- and a curse for the four-year-old company.

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Inside the Everything Bubble

FROM AN AI-FUELED STOCK RALLY TO RECORD-HIGH GOLD, THE SIGNS ARE STACKING UP THAT NEARLY EVERY ASSET CLASS IS DUE FOR A RECKONING.

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Investment, Innovation, Ambition: The GCC Logistics Sector Is Evolving

In a context of economic diversification, shifting trade patterns, and advancing technology, the GCC is developing a logistics sector that is fit for the future.

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