The ranking has been done on the basis of employee strength, global presence and diversity of business sectors
Thumbay Group, the Dubai-based global conglomerate with diversified businesses, has been ranked in the list of ‘Top 50 private companies in the UAE’ published by Forbes Middle East. The list was compiled on the basis of the number of employees in the company, number of countries that they operate in, the type of businesses as well as the number of sectors that they operate in and the age of the company. The list is part of Forbes Middle East’s first ‘UAE 100 ranking’, recognizing companies that have played a key role in making the country the thriving business center that it is today. Thumbay Group ranks 29 in the list.
Dr. Thumbay Moideen, Founder President of Thumbay Group said that the top ranking achieved by the company is recognition of its sustainable growth and diversification. “This recognition comes at a time when Thumbay Group has embarked on a new phase of growth and global expansion, aiming to increase the size of our businesses at least 10 times, strengthening our global presence, and expanding the employee strength to 25,000, by 2023, according to our strategic plans. 2018 also marks the 20th year of Thumbay Group’s success, growing from a single company to a diversified international conglomerate with business activities across 20 sectors.”
Established by Dr. Thumbay Moideen in 1998, today Thumbay Group is a diversified international business conglomerate headquartered in Dubai, with presence across 20 sectors of business including Education, Healthcare, Medical Research, Diagnostics, Retail Pharmacy, Health Communications, Retail Opticals, Wellness, Nutrition Stores, Hospitality, Real Estate, Publishing, Technology, Media, Events, Medical Tourism, Trading and Marketing & Distribution.