The Middle East’s
9. Kabir Mulchandani
Designation: Chairman & Founder
Company: FIVE Holdings
Established: 2013
Headquarters: U.A.E.
In 2022, the FIVE Palm Jumeirah and FIVE Jumeirah Village sourced 100% renewable electricity and In July 2023 they became the first hotels in the U.A.E. to obtain International Renewable Energy Certificates. In October 2023, FIVE Holdings issued a $350 million green bond on Nasdaq Dubai.