Board Interlocks
Directors serving on multiple listed boards create governance interlocks. While interlocks can facilitate knowledge transfer, excessive cross-appointments may indicate conflicts of interest or spread director attention too thin.
Interlocked Directors
446
Company Pairs
516
Cross-Exchange
61
Overboarded (4+)
29
Max Boards
11
Most Connected Directors
Company Interlock Pairs
| Company A | Company B | Shared | Directors |
|---|---|---|---|
 GFH GFH Financial Group BSC | GFH GFH Financial Group BSC | 17 | Mohamed AlabbarAbdulhamid Juma Al SadhanJamal Al GhaithMajed Al GhaithKhaleefa Bin Zayed Al NahyanSameer Al HajjajAhmed Al KhajaMariam JowharyHisham Ahmed Al RayesSalah Abdulla SharifBhaskar MehtaPietro de LiberoSahar QanatiMuneera Mohammed IsaBaha Al-MarzooqMohamed Yousif Ahmed AbdulsalamHammad Younas |
 KFH Kuwait Finance House K.S.C. | KFH Kuwait Finance House K.S.C. | 14 | Khaled Salem Al NassefMoaz Saud Al OsaimyHanan Faris Al FarisHamad Abdul Mohsen Al MarzouqNasser Abdullatif Al RoudanSalem Abdulaziz Al Saud Al SabahMazen Mohammad Mahmoud MeddahAbdulaziz Yaqoub Al NufaisiFahad Ali Mohammad Thunayan Al GhanimMohammad Nasser Al FouzanAhmad Ali Al QadiAbdullah Falah Al MudairisAlia Fahad Al SaqerRashid Mohammad Al Mearaj |
 CBQK Commercial Bank (Q.S.C.) | CBQK Commercial Bank (Q.S.C.) | 11 | |
 QIBK Qatar Islamic Bank | QIBK Qatar Islamic Bank | 9 | Abdulhadi Mubarak H A Al-Shahwani Child 1Hassan Sultan N.A. Al-Noaimi Child 1Nasser Abdulla S M Al-ShareefMohammed Isa Hamad Al-Hassan Al-MohannadiSaeed A-hadi M.H.Alkhayareen Child 1Khalefa Saif S M Al-Mesalam Child 1Saeed A-Hadi M.H. Alkhayareen Child 4Hanoof Thani F Th Al-ThaniKhalefa Saif Al Mesalam |
 DHBK Doha Bank | DHBK Doha Bank | 7 | |
 6015 Americana Restaurants International PLC | AMR Americana Restaurants International PLC | 7 | |
 MCGS Medicare Group QSC | MCGS Medicare Group QSC | 6 | |
 QISI Qatar Islamic Insurance Group | QISI Qatar Islamic Insurance Group | 6 | |
 MAZAYA Al-Mazaya Holding Co. SAKC | MAZAYA Al-Mazaya Holding Co. SAKC | 6 | |
 AGILITY Agility Global PLC |  MKHZN Agility Public Warehousing Co. K.S.C. | 6 | |
MKHZN Agility Public Warehousing Co. K.S.C. | MKHZN Agility Public Warehousing Co. K.S.C. | 6 | |
QIIK Qatar International Islamic Bank | QIIK Qatar International Islamic Bank | 5 | |
 IGRD Estithmar Holding Q.P.S.C | IGRD Estithmar Holding Q.P.S.C | 5 | |
QISI Qatar Islamic Insurance Group | QIBK Qatar Islamic Bank | 5 | |
 QEWS Nebras Energy | QEWS Nebras Energy | 5 | |
 MRDS Mazaya Real Estate Development Company | MRDS Mazaya Real Estate Development Company | 5 | |
 QNNS Qatar Navigation QSC | QNNS Qatar Navigation QSC | 5 | |
 MARK AlRayan Bank | MARK AlRayan Bank | 5 | |
 7211 Saudi Azm for Communication and Information Technology Co. |  9534 Bashaer Al Ghad | 4 | |
9534 Bashaer Al Ghad | 9534 Bashaer Al Ghad | 4 | |
 4145 Obeikan Glass Co |  9531 Tanami | 4 | |
 QGRI Qatar General Insurance & Reinsurance Company Q.P.S.C. | QGRI Qatar General Insurance & Reinsurance Company Q.P.S.C. | 4 | |
 NIH National International Co. (Holding) (K.S.C.) | NIH National International Co. (Holding) (K.S.C.) | 4 | |
 2288 Nofoth Food Products Co |  9556 Taleem REIT Fund | 4 | |
9556 Taleem REIT Fund | 9556 Taleem REIT Fund | 4 | |
 9525 Al Samaani Factory |  4148 Alwasail Industrial Company | 4 | |
9525 Al Samaani Factory | 9525 Al Samaani Factory | 4 | |
 9520 Future Pipe Industries | 9520 Future Pipe Industries | 4 | |
9520 Future Pipe Industries |  6016 Shatirah House Restaurant Burgerizzr Co. | 4 | |
 9519 AHB |  4324 Banan Real Estate Company | 4 | |
 EMAARDEV Emaar Development PJSC |  EMAAR Emaar Properties (P.J.S.C) | 3 | |
QISI Qatar Islamic Insurance Group | QIIK Qatar International Islamic Bank | 3 | |
 4144 Raoom trading Company |  6020 Al Gassim Investment Holding Co. | 3 | |
6020 Al Gassim Investment Holding Co. | 6020 Al Gassim Investment Holding Co. | 3 | |
9531 Tanami | 9531 Tanami | 3 | |
 8260 Gulf General Cooperative Insurance Co. | 8260 Gulf General Cooperative Insurance Co. | 3 | |
 2180 Filing & Packing Materials Manufacturing Co. | 2180 Filing & Packing Materials Manufacturing Co. | 3 | |
 QAMC Qatar Aluminium Manufacturing Company |  IQCD Industries of Qatar Co. | 3 | |
 WDAM Widam Food Company Q. S. C | WDAM Widam Food Company Q. S. C | 3 | |
 4050 Saudi Automotive Services Co. |  9585 Mulkia Investment Company | 3 | |
 DBIS Dlala Brokerage and Investment Holding Company | DBIS Dlala Brokerage and Investment Holding Company | 3 | |
 MODON Modon Holding PSC |  IHC International Holding Company PJSC | 2 | |
MCGS Medicare Group QSC | QIIK Qatar International Islamic Bank | 2 | |
4144 Raoom trading Company |  9529 Hamat Holding | 2 | |
9529 Hamat Holding | 9529 Hamat Holding | 2 | |
 ADCB Abu Dhabi Commercial Bank |  ADIB Abu Dhabi Islamic Bank | 2 | |
 1010 Riyad Bank |  7020 Etihad Etisalat Co. | 2 | |
7020 Etihad Etisalat Co. |  3010 Arabian Cement Co. | 2 | |
 1030 Saudi Investment Bank |  8150 Allied Cooperative Insurance Group | 2 | |
8150 Allied Cooperative Insurance Group | 8150 Allied Cooperative Insurance Group | 2 |
Academic Context
Research by Baumann & Hooper (2025) on the “Development and Political Effects of a Pan-Arab Corporate Elite” (Middle East Policy, 32(3), 79–90) identified 18 transnational interlocks among the 135 largest Arab firms using 2021 data. SouqData tracks 446 interlocked directors across 1,937 issuers on 11 exchanges in real-time, providing the operational data layer for what academics study retrospectively.
DOI: 10.1111/mepo.70001
This analysis is based on available data and disclosed methodology. Our models estimate outcomes using specific inputs and assumptions — the methodology is described on this page. Observations may not account for all relevant factors. This content is provided for educational and informational purposes only.
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