Frederic Levy Perrault, CEO, Al Raya Supermarkets
On the sixth anniversary for Vision 2030 for the Kingdom, Saudi Arabia's economy is to exceed $1 trillion for the first time in history in 2022 according to the IMF. In this context of economic success and diversification away from oil, the development of the retail sector is a key objective of the National Transformation Program. Through modernization, digitalization and localization, retail is to become one of the main employers of Saudis. The Transformation Program, together with drastic market changes related to the Covid pandemic followed by geo-political sudden shifts have proved to be incredibly challenging for food retailers in the Kingdom. Some players are exiting the market, many are struggling to face the new normal and some like Al Raya Supermarkets, are embarking on ambitious turnaround strategies to become leaner, more agile and better at meeting new consumer trends. Al Raya Supermarkets was founded in 1991 in Jeddah as a pioneer in the supermarket business, with a peculiarity, each store was making daily its own bread and pastry. Over the past three decades, Al Raya Supermarkets has grown to become a robust network of supermarkets across the Western part of Arabian Peninsula, establishing itself as a household brand from the border with Jordan to the border with Yemen.
.jpg "Frederic Levy Perrault: On A Mission To Transform Al Raya Supermarkets")
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I have spent approximately two decades in the corporate world and have passionately supported businesses through Learning & Development.
Top 10 Leaders in GCC - 2022
Change is a constant factor and dynamically trending across the business and corporate world today. Presumably, leadership is vital for the prolific growth of organizations taking the sustainability factor into account. Adopting the rising advancements in technology and digitization, the business leaders today are significantly paving way for the improved business portfolio or new market opportunities.
The Gulf Cooperation Council (GCC) was established by an agreement concluded on 25 May 1981 in Riyadh, Saudi Arabia among Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and UAE in view of their special relations, geographic proximity, similar political systems based on Islamic beliefs, joint destiny and common objectives. They collectively encompass a total area of 2,672,700 sq.km. Also, as industrialization is key to GCC economic diversification, the economies of the Gulf Cooperation Council (GCC) are projected to expand by 5.9 percent overall in 2022, with this recovery likely to continue in the medium-term, driven by the hydrocarbon and non-hydrocarbon sectors. With COVID-19 pandemic hit, the economy did face turbulence, but fiscal deficits have markedly improved in 2021, as energy prices and export earnings strengthened and GCC external balance reached pre-pandemic levels. And, as economic diversification is the axel of future growth in the Gulf Cooperation Council (GCC) region, then industrialization exists as the blueprint for fostering growth. Encouraging industrial innovation is definite to bolster recent efforts to diversify the economies of the Gulf Cooperation Council (GCC) region. Well, there are many leaders from diverse sectors in GCC who have adeptly led the economy towards the current state through their unique businesses.
CEO Insights Asia in this issue presents a list of `Top 10 Leaders in GCC - 2022' who have leveraged their extensive industry expertise and experience in offering effective skills to the market. The following list has been prepared after being closely scrutinized by a distinguished panel of judges including CXOs, analysts and our editorial board. We recognize their valuable contribution to the ever expanding and competitive market and their ability to sustain themselves and emerge as top contestants through their reliable knowledge.
Our subscribers play a decisive role in finalization of our annual list of "Top 10 Leaders in GCC - 2022" by nominating those which have served them with excellence and are praiseworthy. If you feel there is a company that deserves to be on our annual list, do write to us about them mentioning their value proposition.
| Company Logo | Company Management | Company Name | Company Description |
|---|---|---|---|
 |
Adeeb Ahamed, Managing Director | Lulu Financial Holdings | A visionary determined to drive innovation in the financial services industry |
 |
Dr. B. R. Shetty, Founder & Chairman | Neopharma | A Business Leader and a Philanthropist, and the proud Founder of four companies - NMC Healthcare, Finablr, Neopharma and BRS Ventures |
 |
Frederic Levy Perrault, CEO | Al Raya | An effective organization builder, repeatedly accelerating profit growth and delivering business transformation for multinational retail organizations |
 |
Manoj Bhatnagar, Corporate IT Manager | Al Ain Coop Society | An exemplary IT professional, boasting more than 30 + years of extensive experience in leading operations for technology, business development, and application development across various industrial verticals |
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Manoj Koshy John, Founder & CEO | Aero Connections | He is a `passionate Rotarian' indulged in many CSR initiatives through Aero Connections to support the needy and the less privileged |
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Prasanth Manghat, CEO | NMC Health | For past 14 years, he has successfully served in key roles within the firm, where he was responsible for managing the company’s finance functions |
 |
Prashant Sasidharan, CEO | Eagleye Ventures | Helping his business to achieve sustained success in the industry and steering it toward success |
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Sandeep Thapa, Co-Founder | Bostoniica | He has 30+ years experience in worldwide business and entrepreneurship with leadership for organizations towards human resource development |
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Tony Jashanmal, Group President | Jashanmal Group | An exemplary businessman with vast industry expertise across Indian and UAE markets |
 |
Yuvraj Narayan, Group CFO | DP World | With 24+ years of experience in ports and international banking sectors he contributes to success of the company with strategic and transformational initiatives |
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