Top 100 Arabs 2024

66. Tarek Sultan

CEO and Vice Chairman, Agility

Origin: Kuwait

Residence: Kuwait

Sector: Logistics

2023 Rank: 72

Sultan has been at the helm of Agility for 27 years, overseeing the conglomerate’s expansion into a global player with a global workforce of more than 45,000 employees in more than 65 countries. Agility recorded KWD1.4bn ($4.4bn) in revenue in 2023 while its assets jumped by 18.1 per cent to reach KWD3.7bn.

Menzies Aviation, the logistics group’s aviation arm, agreed to set up a joint venture (JV) with Eurus Express in February to support sustainable business growth in China and the wider Asia-Pacific region. The company also acquired a 50 per cent stake in Jardine Aviation Services Group via a JV with China National Aviation Corporation as it bolsters its presence in Asia while supporting the rebound in Hong Kong’s aviation sector.

Agility Global, currently Agility’s wholly owned subsidiary and contains mostly Agility’s international assets is pursuing listing on Abu Dhabi Stock Exchange (ADX). Sultan sits on the board of DSV A/S, and the World Trade Organisation’s Business Advisory Group.

Sheikh Abdullah bin Bayyah

Khaled Mohammed Balama