42. Sultan Al-Otaibi

CEO

Company: Dur Hospitality

Country: Saudi Arabia

Nationality: Saudi

Sector: Hotels & Hospitality

Al-Otaibi has been CEO at Dur Hospitality since July 2019. The company owns Makarem Hotels Group and Shada Hotels and is in an ongoing partnership with Marriott and IHG Hotels. It owns and operates 32 properties, in addition to 15 new properties under development. Dur Hospitality recorded $920.8 million in assets as of Q3 2021 and $88.2 million in revenues for the first nine months of 2021. Al-Otaibi has been with Dur Hospitality for over 21 years, holding financial and managerial positions. He is also a member of the Joint Committee on Housing for the Saudi Commission for Tourism & National Heritage and chairman of Shada Hospitality.