Jomana Al-Rashid among the most powerful businesswomen 2023

Forbes Magazine picked Jomana Al-Rashid, CEO of Saudi Research and Media Group (SRMG), among the most powerful businesswomen 2023. Other two Saudi women were selected; Lubna Olayan and Sarah Al Suhaimi.

The magazine relies on several criteria to choose the most powerful businesswomen, including the size of business in terms of revenues, assets, market value, number of employees, achievements, position, number of years of experience, and achievements in a year.

Jomana Al-Rashid

Al-Rashid ranked 25th among the 100 most powerful businesswomen in the Middle East. She assumed her current position in October 2020, and served as Senior Media Advisor and Director of Communications at the Saudi Embassy in London.

Further, Al-Rashid was a board member at Argaam Investment Co. and served as a member of the Red Sea Film Festival and Chairperson of Thmanyah.

During Al-Rashid's tenure as CEO of SRMG, the Tadawul-listed group was rebranded from the Saudi Research and Marketing Group to the Saudi Research and Media Group (SRMG). The group also issued the Arabic Manga Magazine. It operates in 11 countries, with 25 websites and 30 brands.

SRMG acquired 51% of the podcast platform Thmanyah and expanded its publishing business by launching Raff Publishing. The group’s revenues grew by 6.27% during the first nine months of 2022 to reach $719 million, compared to $6.563 million a year earlier.

Lubna Olayan

Olayan, Chairperson of Saudi British Bank (SABB) and CEO of Olayan Financing Co. (OFC), took the third rank among the 100 most powerful businesswomen in the Middle East.

Sarah Al Suhaimi

Al Suhaimi, Chairperson of Saudi Tadawul Group, came 7th in the list with her experience of more than 20 years in the financial services sector.