THE MIDDLE EAST’S

38. Rawabi Holding

Chairman: Abdulaziz AlTurki
Established: 1980
Country: Saudi Arabia

Rawabi Holding operates across energy, electricity, petrochemicals, specialized contracting, and offshore services. In 2026, the group raised $595 million from Maas Capital and Australis Maritime to expand its offshore support vessel fleet to more than 180 vessels, positioning it as the world’s second-largest offshore marine operator. In 2025, Magnom Properties, a Rawabi Holding subsidiary, partnered with Italy’s Rimadesio and Germany’s Occhio for the $1 billion Forbes International Tower in Egypt. The project is designed to achieve Platinum LEED certification and a lifecycle net-negative carbon footprint.