< PreviousTHE FUTURE OF LEADERSHIP 10 June 2023arabianbusiness.com 11 In a rapidly evolving global economy, where innovation and disruption are the driving forces behind success, Arabian Business proudly presents its 30 Under 40 List. This prestigious compila- tion honours the exceptional individuals who have demonstrated outstanding leadership, entrepreneurial spirit, and forward-thinking strategies in shaping the business landscape. The Arabian Business 30 Under 40 List showcases a diverse group of trailblazers from various industries, united by their unwavering commitment to excellence and their profound impact on their respective elds. These remarkable indi- viduals embody the epitome of innova- tion, actively spearheading transforma- tive initiatives that push boundaries and challenge the status quo. From technology and finance to healthcare and sustainability, the hono- rees represent the vanguard of the busi- ness world, driving change and inspir- ing others to follow suit. Their achievements range from launching groundbreaking startups, implementing disruptive technologies, pioneering sustainable practices, and leveraging data-driven strategies to revolutionise traditional industries. Beyond their impressive accomplish- ments, these young leaders also embody the qualities of resilience, determination, and adaptability, navigating through adversity and embracing new opportu- nities. They possess the ability to inspire and motivate, building bridges between generations and fostering a collaborative and inclusive environment. Congratulations to all those listed here, we look forward to seeing what the talents of these extraordinary individu- als bring to the region. arabianbusiness.com 1140 U N DE R 40 | 2023 EDI T ION 12 June 2023 One of KSA’s young- est entrepreneurs, and the tech visionary behind Geidea, a leading and fully licensed payment service provider offering digital payments solutions, Al Othman steers he company’s vision of providing a ordable, acces- sible, and customer-centric payment solutions for every- one. He initiated his career in real estate in 2008, but driven by a passion for all things digital, Al Othman’s success in KSA’s real estate sector enabled him to invest in Geidea in 2011, a new ntech venture. He is also a member of the Business Entrepreneurs in the Cham- ABDULLAH FAISAL AL OTHMAN Founder and chairman Geidea ber of Commerce, an insti- tution designed to build commercial solidarity among businesses and protect their interests. Considered a fintech pioneer, Al Othman has also participated in multiple international conferences, including Fintech connect, Mi ntech, Seamless, Trus- tech, L39, and Money2020. Since 2019, Al Othman is also the president and founder of AO Holding, a family investment house and holding in KSA that invests in emerging technologies and life-changing ideas to support forward thinking and innova- tive business ventures across the kingdom. He also helms Lemar United Real Estate which focused on the commercial sector, backing real estate projects across commercial, hospitality, and retail spaces in Riyadh. And having re ned his expertise in specialised business programs around the world, Al Othman has been a part of the Business Leadership programme at Boeing Inter- national Headquarters in St. Louis (USA), and the Entre- preneurship program at Oxford University in the UK. FINANCIAL TECHNOLOGY Arc Gr oup w a s co-f ounded in Shanghai, China in 2015 by Cinta. With over 11 global o ces and over 130 employees, he boasts over a decade of professional experience in the nancial services industry. In 2022, he established the company’s Middle East operations with offices launched in both Abu Dhabi and Dubai and has identi- fied the GCC as a future global destination for capi- tal market listings. Under Cinta’s visionary, ARC Group has cemented a robust position, having ABRAHAM CINTA CEO ARC Group ranked at number one globally in 2022 for SPAC IPO advisory, overtaking the industry’s largest play- ers, including JP Morgan and UBS. Over the past two years, he has steered over 20 SPAC IPO and tradi- tional IPO listings as the sole nancial advisor, with a total transactional value of nearly $3bn as well as overall projects valued at over $10bn. ARC Group have collec- tively completed over 40 successful listings with a transactional value of around $8bn in 2022. He also served as an advisor in ARC Group’s marquee projects and has led the group to become the premier global advisor for publicly listing Chinese companies abroad. Previ- ously, he was appointed as a banker at a cross-border boutique investment bank. Backed by Arc Group’s global exposure and expe- rience, Cinta is not only attracting international companies to the GCC region, but is also support- ing local companies with listings, both locally and internationally. FIN A NCI AL SER V ICESarabianbusiness.com 13 2023 EDI T ION | 40 UNDER 40 Helping to steer an ecosy stem of financial inclu- sion, Ahamed forayed onto his entrepreneurial journey in 2009 when he founded LuLu Financial Holdings, a holding company with investments that serve banking institutions, busi- ness houses, local and international corporations, and individuals. Leading the company on an upward trajectory, he has led key digital investments across the Middle East, Indian sub-continent, and APAC regions and has trans- formed the holdings group into a global financial services conglomerate. Present in 11 countries and managing annual transac- ADEEB AHAMED Managing director LuLu Financial Holdings tions worth over $8.1bn, the company’s investments span the GCC, Indian sub-continent, and APAC regions. Since January 2014, Ahamed has also held the role of managing director of Twenty14 Holdings, a hospi- tality investment company that has invested nearly a billion dollars to build an asset portfolio of properties spread across the UK, Europe, GCC, and India. Just some of the hotels under his brand include the Great Scotland Yard in London, Waldorf Astoria in Edinburgh, Pullman Down- town Dubai, Sheraton Oman and Port Muziris Kochi. He is also a member of Twenty14 Holdings Global Advisory, a board member of the World Tourism Forum, Patron Governor India Social & Cultural Centre, Abu Dhabi, and Founding member of the UAE-India Business Council (UIBC), UAE chapter. amongst others. A keen philanthropist, Ahamed prioritises public service activities that particularly focus on women empower- ment and girls’ education. FIN ANCI AL SER V ICES Born into a business family, Sajan’s f ora y into the family business was initi- ated at age 13, where he worked in di erent depart- ments of Danube Group during summer breaks, starting from warehousing/ logistics, to sales, market- ing, nance, and manage- ment. By the time he grad- uated from school, he had developed a solid founda- tion of the basics of a busi- ness environment. In his current role since March 2021, Sajan has steered Danube’s strategic growth post-2009 with the establishment of Danube Buildmart, now renamed as Danube Home. And what ADEL SAJAN Group managing director Danube Group began as a single showroom in Ras Al Khaimah to a household name for home interior solutions, Danube Home is present in Dubai, Sharjah, Fujairah, Al Ain, and Abu Dhabi. Under his leadership, Danube H ome has expanded into countries outside the UAE including KSA, Bahrain, and Qatar, and is a one-stop destina- tion with furnitur e, furnishing items and inte- rior design assistance. Sajan has also helmed the global expansion of Danube Home to become Danube Home International and now has a foothold in Oman, Bahrain, India, and in over 25 countries and growing. Skilled in space optimi- sation, management, sales, market research, and busi- ness planning, Sajan holds a Bachelor of Science degree in Finance and Marketing from American University of Sharjah (AUS). He also spearheaded Danube Home’s ecom- merce website to help provide a seamless online shopping experience to customers. CONSTRUC T ION40 U N DE R 40 | 2023 EDI T ION 14 June 2023 3,000+ The number of staff employed by the Thumbay Group We are proud of the standards of excellence adopted by our healthcare network AKBAR MOIDEEN THUMBAY HEALTHCARE Akbar Moideen Thumbay is a distin- guished professional and a prominent gure in the healthcare industry. With a wealth of knowledge and experience, he currently serves as the Vice President of Thum- bay Healthcare, co-chair of GMU Academic Health System and Member of in the board of Thumbay Group a renowned and innovative Diversi ed business house established by his father Thumbay Moideen in 1997. His journey in the healthcare sector has been marked by his unwavering dedication and passion for delivering exceptional medical services. With a deep-rooted commitment to providing accessible and high-quality health- care, he has played a pivotal role in the expan- sion and success of Thumbay Group’s health- care operations. Under his leadership, Thumbay Healthcare has witnessed remarkable growth and development. His strategic vision and meticulous planning have propelled the organ- ization to new heights, transforming it into a leading provider of healthcare services in the region. Akbar Moideen Thumbay has been instrumental in establishing and managing state-of-the-art Network of Academic hospitals, clinics, and medical centres, ensuring that patients receive comprehensive care and advanced treatment options. A strong advocate for innovation and technology in healthcare, Akbar Moideen Thumbay has pioneered the implementation of cutting-edge medical advancements within the Thumbay Healthcare. He actively encour- ages research and development initiatives, fostering a culture of innovation that drives the continuous improvement of healthcare practices. Akbar Moideen Thumbay has not only inherited his father’s legacy but also continued to uphold and expand upon the values instilled by his esteemed father, Thumbay Moideen and his mother Zohra Moideen. With a deep sense of respect for his father’s vision, he has embraced the core principles of compassion, integrity, and excellence in healthcare, further strengthening the foundation laid by his father. By following in his father’s footsteps, Akbar Moideen Thumbay has ensured a seamless continuity of the family’s commitment to transforming the healthcare landscape and positively impacting countless lives. He is married to Nousheen Salma and father of three children Ahmed, Omar, and Rashid. Vice president, Healthcare Division Thumbay Grouparabianbusiness.com 15 2023 EDI T ION | 40 UNDER 40 Our ultimate freedom is achieved through our passion to learn, implement, add value and educate. We practice these actions with care, in order to reach our ultimate goal - living with abundance in this ARENA called life $10M The monthly budget Ali Soudi manages for ARENA Capital & Consultancy ALI SOUDI Director ARENA Capital & Consultancy CONSULTANCY An entrepreneur from a young age, Ali started working part-time at his father’s glass engraving factory when he was just 13 years old. Eager to make his mark on the world of business, with no intention of pursuing higher education, he began working in the family-run consultancy business at the age of 18. The ARENA Capital & Consultancy manages the family personal group of companies and also looks to acquire and consult a portfolio of aspiring brands to optimise their potential for growth. With over 50 years of collective expe- rience in owning and operating companies, they have crafted incredibly unique and successful techniques that make businesses more pro table and scale on a global level. Through various unique initiatives from strategy, sales, marketing, training, and high-level introductory networking, they support companies across multiple industries and geographies towards accelerated change. He is constantly looking to recruit, train, invest in and develop future movers and shakers of industry. As a private investor, Ali is actively seeking early-stage entrepreneurs and businesses. With an eye for spotting potential, he is passionate about identifying ventures with promising ideas and visionary founders. Ali believes in providing more than just nancial capital; he o ers strategic guidance and mentorship to help these startups navigate the challenges of early growth. By collaborating with passionate individuals and busi- nesses, Ali aims to provide the necessary resources and expertise to help them thrive and achieve their goals. Currently employing a team of 30 professionals in Dubai with 50 based internationally, they stand rmly by their people and core values: hard work, passion, clear communication, trust, gratitude, and the pursuit of setting only the highest standards. They are constantly looking to recruit the best and brightest talent that will elevate them and their clients to prosperity. “Our ultimate freedom is achieved through our passion to learn, implement, add value and educate. We practice these actions with care, in order to reach our ultimate goal - living with abundance in this ARENA called life.” 40 U N DE R 40 | 2023 EDI T ION 16 June 2023 $30.47BN The value of Saudi Arabia’s food service market by 2029, according to projections by analysts Fortune Business Insights We are constantly looking out for cutting-edge products that will enhance our clients’ operations and growth AHMAD AL ZAINI TECHNOLOGY Driving digital transformation in the F&B industry, serial entrepreneur Al Zaini is the powerhouse behind Food- ics, the leading cloud-based technology and payments platform for restaurants in the MENA region. Foodics was created after he observed a lack of technology in the F&B sector in 2014, particularly in the ordering process. He consequently built on this idea and developed a whole tech stack over time and a fully integrated ecosystem which helped to steer the entire F&B industry to the next level. Foodics provides services to every segment of the F&B sector, ranging from non-food micro retailers and food trucks, to bakeries, cafes, and restaurants, and more. Foodics has raised $170m in a series C round in the largest SaaS Series C funding round in MENA led by Prosus, one of the world’s larg- est global technology investors; and Sanabil Investments, a PIF-owned investment company focused on private growth investments. Formally licensed as a ntech by the Saudi Central Bank (SAMA), the company’s vision is to build a complete restaurant management ecosystem that enables owners to run their operations seamlessly. To enhance the customer experience, in Q12023, Foodics announced a strategic part- nership with Unifonic, the Communications Platform as a Service (CPaaS) provider. This partnership will enable Foodics clients to inte- grate both solutions on their platforms, helping them stay engaged with their audiences at every transaction and to streamline communication with customers. Co-founder and CEO Foodicsarabianbusiness.com 17 2023 EDI T ION | 40 UNDER 40 Whatever people need medically, we provide it within the Aster ecosystem $1.4BN The valuation of Aster DM Healthcare ALISHA MOOPEN Deputy managing director Aster DM Healthcare HEALT HCARE From a young age, Moopen had already joined Aster DM Healthcare in the role of the director in 2013. And as her career trajectory climbed upwards, she has helmed the group’s expansion into new markets and is responsible for overseeing the strategic direc- tion and development of the company. The group has grown to become one of the largest integrated healthcare conglomerates backed by its network of 30 hospitals across seven countries, 125 clinics, and over 496 pharmacies. Also, one of the rst private healthcare players in the UAE to introduce teleconsultation facilities at the onset of the pandemic, Aster DM Healthcare incorporates automation, AI, and digital technology to align with the current trends in healthcare. Moopen is a graduate from the University of Michigan, Ann Arbor (USA), in Finance & Accounting, and is a Chartered Accountant from the ICAS (Institute of Chartered Accountants of Scotland). She also holds a degree in Global Leadership & Public Policy Change from Harvard University. She is currently serving as the rst female Chapter Chair of YPO’s Dubai Chapter, a global leadership organisation that brings together over 27,000 chief executives from over 130 countries. Instrumental in launching the Women in Leadership programme at Aster DM Healthcare which empowers talented and capable female employees with training and growth opportunities, Moopen is dedicated to the cause of women empowerment and mental health.40 U N DE R 40 | 2023 EDI T ION 18 June 2023 ALIA ABDEL- RAZEQ HEALTHCARE Steering the transition in stem cell banking in the Middle East and as a leader in a male-dominated industry, Abdel-Razeq has faced multiple challenges throughout her career but has always remained focused on her goals and as a risk-taker, pushes the bounda- ries of what is possible. Her dedication and perseverance have earned Abdel-Razeq the respect and admira- tion of her colleagues and peers, both within and outside the healthcare industry. In her current role at CellSave Arabia, the rst stem cell facility in the region, she remains at the forefront of a rapidly developing industry that has the potential to revolutionise medical treatment and research across multiple levels. With a background in chemical and pharma- ceutical engineering in addition to research and extensive experience in healthcare manage- ment, she is well-suited to the challenges of running the largest stem cell facility in the region. Her passion for improving the eld through cutting-edge medi- cal technology has driven her to push the boundaries of what is possible within this eld. In CellSave Arabia, she has developed a wide range of services that cater to the needs of both individuals and institutions, including cord blood and tissue processing and storage for new-borns, and adult stem cell banking for adults who wish to store their own stem cells for potential future use. CellSave Arabia also provides stem cell therapy services, which involve using stem cells to treat a variety of medical conditions, including autoimmune disorders, heart disease, and neurological disorders. Backed by an ambitious vision for the future of stem cell banking in the Middle East, Abdel-Razeq believes that stem cell technology and regenerative medicine has the potential to transform healthcare by providing personalised, targeted treatments that are tailored to each patient’s speci c needs. For the future, she is working to expand CellSave Arabia capabilities and services, and to develop new partnerships with healthcare providers and researchers in the region. Receiving the rst DHA license as a Cord Blood and Stem Cell Center in the UAE demonstrates our success thus far and commitment to quality, compliance, and excellence Chief Operating O cer CellSave Arabia 20+ The number of years CellSave have successfully collected and preserved stem cells from over 80 countries across six continentsarabianbusiness.com 19 2023 EDI T ION | 40 UNDER 40 A former Uber Eats general manager, N uman w a s appointed to his current role at HungerStation in 2020. A pioneer in the King- dom’s express delivery space, prior to working for Uber Eats, he held key management roles, includ- ing the KSA head of Market- ing & Ecommerce business at Samsung Electronics; vice president of marketing at Gulf International Bank; and the GCC brand manager at Procter & Gamble. He was also the co-owner of Organica, an organic farm founded in 1990 that commercially produces vegetables, fruits, meat, and poultry products. ASSAD NUMAN CEO HungerStation Launched in 2012 with modest beginnings in Al Khobar, KSA, HungerSta- tion, the first Saudi Food delivery app in the region, quickly expanded and progressed. HungerStation is the owner of the first Saudi application for express delivery and enables customers to order in KSA and Bahrain. Beyond local and internationally established restaurants, HungerStation extends to supermarkets, florists, pharmacies, and more with a list that is updated daily. Aligned with Saudisation as w ell as Vi sion 2030, HungerStation launched the larg est r ecruitment campaign aimed to attract Saudi applicants to the private sector. Also commit- ted to sustainability and community support, the company works with the Saudi food bank, Eta’am and its restaurant partners, to provide free meals to needy families, as well as supports the Saudi ADHD Society and the workers in the Emer- gency and Disaster Centre, in cooperation with the Alwaleed Philanthropies foundation. TECHNOL O GY After earning her Bachelor’s Degree in Marketing and Business Administration in 2009 from Zayed University (UAE), Al Shorafa initiated her career at United Eastern Medical Services (UEMedi- cal) in marketing and exec- utive administration. She joined Danat Al Emarat for Women & Children in the role of the chief protocol officer in October 2015 which she held for over four years. As one of the young- est female Emirati execu- tives in the UAE’s healthcare sector, Al Shorafa rapidly rose upward on her career trajectory as she was appointed to chief operat- ing o cer from 2019 to 2022 EMAN AL SHORAFA Founder and CEO Wevin Investments where she managed a team of 200 employees from multiple departments, including the call centre; VIP services; biomedical engineering; catering; hospitality services; patient relations, and more. As a board member at United Eastern Group (UEG) and co-founder of three businesses, Mon Café, Mon Bebe, and Rohr Choc- olats, a Swiss chocolate brand, in 2022, Al Shorafa shifted gears on her career trajectory to investments when she launched WEVIN Investments. This is a private company which seeks business opportuni- ties in diversi ed sectors of the local and regional markets across security, technology, and education with a scope of business that covers project manage- ment; retail; business management consultancy; facility management; infor- mation technology, and more. WEVIN Investments also includes WEVIN Consultancy , w hich provides diverse services across strategy consulting; operations consulting; and HR consulting, and more. INVESTMEN TNext >