THE MIDDLE EAST’S
![](https://forbesme-prestaging-media.s3.us-east-2.amazonaws.com/lists/uploads/2024/03/13101648/40-AlNowais-Investments.jpg)
40. AlNowais Investments
Established: 1979
Country: U.A.E.
Chairman : Hussain AlNowais
Members of the AlNowais family founded AlNowais Investments in Abu Dhabi in 1979, which has since become a regional conglomerate in several sectors. The family owns a controlling stake in Rotana, which operates hotels spanning 19,602 keys and six brands, including 36 hotels in the U.A.E. and eight hotels in Saudi Arabia. In 2023, AMEA Power, a subsidiary of AlNowais Investments, closed a $75 million equity funding round from SoftBank Group Corp. The group’s chairman, Hussain AlNowais, owns around 7.6% of the Waha Capital Company.