44. Qalaa Holdings

Sector: Investments
Chairman & Founder: Ahmed Heikal
Market Value: $338 million

Founded in 2004, Qalaa Holdings is an investment company with operations in energy and infrastructure across Egypt and Africa, alongside other sectors. As of June 2025, it held $4.3 billion in assets and posted $1.3 billion in revenue in the first half of the year. Its portfolio includes ASEC Holdings, Dina Farms Holding, ASCOM, and TAQA Arabia, among other companies. Citadel Capital Partners is the company’s largest shareholder, with a 24.5% stake as of December 2025.