Forbes Middle East has named Abdel Wahab Alrowwad, CEO of Jordan Phosphate Mines Company (JPMC), to its 2024 list of the Top 100 CEOs in the region.
The Forbes fourth annual list includes a group of 19 nationalities of leaders whose influence has exceeded the traditional standards of business management for major companies, banks, and investment groups in the Middle East.
The list highlighted the leaders’ achievements in their companies, the use of technology and sustainability to enhance efficiency and competitiveness, and their pivotal role in diversifying the region’s economies and making the MENA region a global business hub.
In selecting the top CEOs of companies headquartered in the MENA region, Forbes utilized capital market disclosures, industry reports, company annual reports, financial statements, and other primary sources.
The CEOs were ranked according to several factors, including the CEO’s influence in the region in which he operates, the markets he oversees, his experience and accomplishmen
ts in his current position, the innovations and initiatives he has implemented, and the size of his company in terms of revenue, assets, and market capitalization.
According to Forbes, JPMC produced 11.5 million tons of ready dry phosphate, an increase of 1.74% compared to 2022, the highest number in its history. JPMC is working on establishing a diversified fertilizer company with the Arab Potash Company for a cost of $600 million, a production capacity of more than 400,000 tons of fertilizer and phosphoric acid, and estimated sales of $400 million annually.
Source: Jordan News Agency