M. A. Kharafi & Sons
| Company type | Private (Limited Liability) |
|---|---|
| Industry | Conglomerate |
| Founded | 1956 |
| Headquarters | Safat, Kuwait City, Kuwait |
Area served | Africa, Middle East, Albania, Belize, Bulgaria, Indonesia, Kazakhstan, Maldives & Netherlands |
Key people | Nasser Al-Kharafi (chairman) Fawzi Al-Kharafi (CEO) |
| Products | Aluminum, Asphalt, Computer, Concrete, Fertilizer, Food, Prefabricated construction supplies, Real Estate, Steel, Telecom, Wastewater treatment plants |
| Services | Airlines, Airports, Broker, Hotels, Travel services agents |
| Revenue | US$ 4.5 Billion (2008) |
Number of employees | 20,000 (2008) |
| Website | makharafi.net |
M.A. Kharafi & Sons (Mohammed Abdulmohsin Al-Kharafi & Sons W.L.L., Arabic: مجموعة الخرافي) is a private company based in Kuwait with a variety of commercial interests and revenues for 2006 estimated at $3.3 billion. The company was run by Nasser Al-Kharafi until his death in 2011. On 15 April 2006, the US doughnut retailer Krispy Kreme announced that M.A. Kharafi & Sons bought a 6.7 percent stake, or 4.13 million shares. Al-Kharafi is also a supplier and integrator to the newspaper industry in Kuwait. In 2011 the Kharafi family was listed at 77th position in Forbes magazine's list of the world's richest people.[1][2]
The company was founded by Mohamed Abdul Mohsen Al Kharafi in 1956 as a contracting company.[3]
The company sold its shares in Americana to Mohamed Al Abbar, (who is one of the founders of Emaar) in 2016 for $2.3 billion.[4]
In May 2015, Fawzi Al-Kharafi was delegated and assigned by the family as a chairman and president following the death of Jassim.[5] He died in 2021.[6]
Organization structure and related entities
M.A. Kharafi & Sons is a privately-owned limited liability company.[7] It has subsidiaries in Europe, Asia, and Africa in the construction, tourism real estate, and food and food processing sectors.[8]
Subsidiaries, associates and affiliates
| Name | Country | Holding |
|---|---|---|
| Al Khair National for Stocks and Real Estate Company[9] | Kuwait | 100.00% |
| Al Nasser Real Estate Company | Lebanon | 100.00% |
| Emak Paper Manufacturing Company[10] | Egypt | 100.00% |
| Kharafi Construction[11] | Kuwait | 100.00% |
| Kuwait United Company[12] | Kuwait | 100.00% |
| Kuwaiti British Readymix Company[13] | Kuwait | 100.00% |
| LMAK for Agencies and Trading Company | Lebanon | 100.00% |
| Lebanese Real Estate Commercial Company | Lebanon | 100.00% |
| Lebanese Utilities Company | Lebanon | 100.00% |
| M A Kharafi Construction[14] | South Africa | 100.00% |
| M A Kharafi and Sons Company - Saudi Arabia | Saudi Arabia | 100.00% |
| M A Kharafi and Sons Company - The Gambia[15] | The Gambia | 100.00% |
| M A Kharafi and Sons Company (MAK)[8] | Kuwait | 100.00% |
| MAK Bulgaria | Bulgaria | 100.00% |
| MAK Contracting | Lebanon | 100.00% |
| MAK Hospitality and Touristic Investmests | Lebanon | 100.00% |
| MAK Hospitality and Touristic Investments - Syria | Syria | 100.00% |
| MAK Lebanon | Lebanon | 100.00% |
| MAK Pty | Botswana | 100.00% |
| Marsa Alam Tourism Development Company[16] | Egypt | 100.00% |
| Mohamed Abdulmohsin Al Kharafi and Sons | Tanzania | 100.00% |
| Sovereign Hospitality Holdings | Switzerland | 100.00% |
| Sovereign Hospitality Holdings - Egypt (via Sovereign Hospitality Holdings) | Egypt | 100.00% |
| Alexandria Fertilizers Company | Egypt | 85.00% |
| Kharafi National Company[17] | Kuwait | 80.00% |
| Arab Company for Computer Manufacturing[18] | Egypt | 71.00% |
| Arab Aluminium[19] | Egypt | 68.00% |
| Kuwait Food Company (via Al Khair National Company for Stocks and Real Estate Company) | Kuwait | 64.78% |
| National Investments Company (via Al Khair National for Stocks and Real Estate Company)[20] | Kuwait | 51.73% |
| Admak General Contracting Company | UAE | 49.00% |
| Al Mal Investment Company (via Al Khair National for Stocks and Real Estate Company)[21] | Kuwait | 47.85% |
| AutoMak Automotive Company[22] | Kuwait | 45.00% |
| Heavy Engineering Industries and Shipbuilding Company (via Al Khair National for Stocks and Real Estate Company)[23] | Kuwait | 42.62% |
| Kuwait Cryo Industrial Company | Kuwait | 40.00% |
| Coast Investment and Development Company (via Al Khair National for Stocks and Real Estate Company)[24] | Kuwait | 32.71% |
| Gulf Cement Company - UAE (via Al Khair National for Stocks and Real Estate Company)[25] | UAE | 26.33% |
| Alamiah Building Company[26] | Kuwait | - |
| Albania Airlines MAK | Albania | - |
| Aluminium Industries Company | Kuwait | - |
| Al Qebla Al Watya - Kuwait | Kuwait | - |
| Archi Systems Contractor | Kuwait | - |
| AutoMak General Trading and Contracting Company - Kuwait[22] | Kuwait | - |
| Aviation World MAK BV[27] | Netherlands | - |
| Bubiyan Fisheries Company[28] | Kuwait | - |
| Chateau Linza Hotel and Restaurant | Albania | - |
| Credit Bank of Albania | Albania | - |
| Cybermak Information Systems Company | Kuwait | - |
| EMAK Contracting Company | Egypt | - |
| EMAK International Academy | Egypt | - |
| EMAK Marsa Alam for Management and Operation of Airports | Egypt | - |
| EMAK Marsa Alam for Touristic Development and Urban Investment | Egypt | - |
| EMAK Real Estate Development | Egypt | - |
| EMAK for Agencies and Trading Company | Egypt | - |
| EMAK for Tourism and Real Estate Development | Egypt | - |
| EMAK for Utilities and Services | Egypt | - |
| Egyptian Marsa Alam Aviation Services | Egypt | - |
| Egyptian Packing and Wrapping Materials Company (Misr Packaging) | Egypt | - |
| Egyptian Sponge (Misr Foam) | Egypt | - |
| Emirates Utilities Holding Company (EUCH) | UAE | - |
| Express Air and Travel | Egypt | - |
| Gulf Insulating Materials | Kuwait | - |
| Integrated Marketing Services | Egypt | - |
| Isofoam Insulating Materials Plant[29] | Kuwait | - |
| Isofoam SA | South Africa | - |
| Kairaba Beach Hotel and Resort | The Gambia | - |
| Kharafi Investments and Development - South Africa | South Africa | - |
| Kiwan Tourist Investment Company | Syria | - |
| Kuwaiti Iraqi Holding Company | Kuwait | - |
| MAK Brake Lining Company | Egypt | - |
| MAK Farm Foods[15] | The Gambia | - |
| MAK Hospitality | South Africa | - |
| MAK Travel and Tours | South Africa | - |
| MAK Travel, Tourism and Airfreight Company | Kuwait | - |
| MAK United for General Trading | Kuwait | - |
| MAKXalto Advanced Card Technology | Egypt | - |
| Mali Robit Golem Resort | Albania | - |
| Marsa Alam for Touristic Development | Egypt | - |
| Media Phone for General Trading | Kuwait | - |
| Mosaic Stairs Factory | Kuwait | - |
| National Company for Plastic Industries | Syria | - |
| National Piling Company | Kuwait | - |
| Pan Arab Research Center | UAE | - |
| Pan Arab Research Center - Kuwait | Kuwait | - |
| Sabhan Steel Factory | Kuwait | - |
| Sheraton Aleppo Hotel and Towers | Syria | - |
| Sheraton Tirana Hotel | Albania | - |
| Star Taxi[30] | Syria | - |
Investments
| Name | Country | Holding |
|---|---|---|
| Kuwait Pipe Industries and Oil Services Company (via Al Khair National for Stocks and Real Estate Company) | Kuwait | 15.82% |
| Gulf North Africa Holding Company | Kuwait | 15.00% |
| Kuwaiti Syrian Holding Company | Kuwait | 15.00% |
| Rasamny Younis Motor Company | Lebanon | 12.80% |
| Mobile Telecommunications Company (via Al Khair National for Stocks and Real Estate Company) | Kuwait | 12.49% |
| Egypt Kuwait Holding Company (via Al Khair National for Stocks and Real Estate Company) | Egypt | 12.42% |
| National Industries Group Holding (via Al Khair National for Stocks and Real Estate Company) | Kuwait | 9.84% |
| National Slaughterhouse Company | Kuwait | 9.35% |
| Kuwait Financial Centre (via Al Khair National for Stocks and Real Estate Company) | Kuwait | 7.2% |
| Al Razzi Holding Company | Kuwait | 5.00% |
| National Ranges and Real Estate Company (via Al Khair National for Stocks and Real Estate Company) | Kuwait | 5.00% |
| ABJ Engineering and Contracting Company | Kuwait | 1.00% |
| Port Ghalib | Egypt | - |
Companies under management
| Name | Country | Holding |
|---|---|---|
| Marsa Alam International Airport[31] | Egypt | - |
Developments and Projects
| Name | Country | Holding |
|---|---|---|
| Kiwan | Syria | - |
See also
References
- ^ "Nasser Al-Kharafi & family". Forbes. Retrieved 25 June 2023.
- ^ Goma, Eman; Nair, Dinesh (17 April 2011). "Major Kuwaiti conglomerate Kharafi Group's chairman dies". Reuters. Archived from the original on 28 March 2023. Retrieved 25 June 2023.
- ^ Farid, Sonia (19 April 2011). "Kuwaiti billionaire Nasser al-Kharafi is mourned widely". Al Arabiya English. Archived from the original on 11 June 2023. Retrieved 25 June 2023.
- ^ "Fawzi Al-Kharafi". Forbes. Retrieved 25 June 2023.
- ^ "الكويت.. مجموعة الخرافي تنهي الجدل حول مستقبل أعمالها بعد وفاة الشقيقين ناصر وجاسم" [Kuwait. Al-Kharafi Group ends the controversy over the future of its business after the death of the two brothers, Nasser and Jassem]. CNN Arabic (in Arabic). 31 May 2015. Archived from the original on 24 March 2023. Retrieved 25 June 2023.
- ^ Al-Samman, Alaa (13 December 2021). "ترأس مجموعة العائلة منذ مايو 2015 فوزي الخرافي يترجّل بعد مسيرة اقتصادية ناجحة" [Head of the family company since May 2015 Fawzi Al-Kharafi dies after successful economic career]. Al Rai (Kuwaiti newspaper) (in Arabic). Archived from the original on 22 April 2023. Retrieved 25 June 2023.
- ^ "Mohamed Abdulmohsin Al Kharafi and Sons Company". Zawya. 14 May 2011. Archived from the original on 13 February 2012. Retrieved 25 June 2023.
- ^ a b "MA Al-Kharafi & Sons". MEED. 2 February 2010. Archived from the original on 2 December 2022. Retrieved 24 June 2023.
- ^ "Al Khair National for Stocks and Real Estate Company". Dhow Net. Archived from the original on 24 June 2023. Retrieved 24 June 2023.
- ^ "Emak Paper Factory". Mast Group. Archived from the original on 27 September 2020. Retrieved 24 June 2023.
- ^ "About Us". Kharafi Global. Archived from the original on 23 January 2021. Retrieved 25 June 2023.
- ^ "About Us". Kuwait United Co. Archived from the original on 31 March 2023. Retrieved 25 June 2023.
- ^ "About Us". Kuwaiti British Readymix Co WLL. Archived from the original on 24 June 2023. Retrieved 24 June 2023.
- ^ "MA Kharafi Construction Pty Ltd". Bloomberg L.P. Archived from the original on 24 June 2023. Retrieved 24 June 2023.
- ^ a b "M.A. Kharafi & Sons Gambia Co. Ltd". Access Gambia. Archived from the original on 15 February 2020. Retrieved 24 June 2023.
- ^ "Marsa Marsa Alam for Tourism Development". The Wall Street Journal. Archived from the original on 24 June 2023. Retrieved 24 June 2023.
- ^ "Kharafi National Co LLC". Bloomberg L.P. Archived from the original on 3 November 2019. Retrieved 25 June 2023.
- ^ "Arab Company for Computer Manufacturing". Arab Company for Computer Manufacturing. Archived from the original on 4 April 2022. Retrieved 24 June 2023.
- ^ "Arab Aluminum Company SAE". Reuters. Archived from the original on 25 June 2023. Retrieved 25 June 2023.
- ^ "National Investments Company". National Investments Company. Archived from the original on 10 June 2023. Retrieved 25 June 2023.
- ^ "AL MAL Investment Company (KPSC)". AL MAL. Archived from the original on 29 March 2023. Retrieved 25 June 2023.
- ^ a b "Our Story". Automak. Archived from the original on 26 March 2023. Retrieved 25 June 2023.
- ^ "HEAVY ENGINEERING INDUSTRIES & SHIPBUILDING CO. K.S.C. (Public)". Heisco. Archived from the original on 31 May 2023. Retrieved 25 June 2023.
- ^ "ABOUT COAST". Coast. Archived from the original on 23 March 2023. Retrieved 25 June 2023.
- ^ "Gulf Cement Co PSC". Bloomberg L.P. Archived from the original on 25 January 2022. Retrieved 25 June 2023.
- ^ "Company Profiles". Alamiah Building Co. K.S.C.C. Archived from the original on 31 May 2023. Retrieved 25 June 2023.
- ^ "MAK Aircraft Engineering Services". MAK Aircraft Engineering Services. Archived from the original on 31 March 2023. Retrieved 25 June 2023.
- ^ "من نحن" [About Us]. Boubyan Fisheries Co. (in Arabic). Archived from the original on 29 March 2023. Retrieved 25 June 2023.
- ^ "ISOFOAM Insulating Materials Plants Co. W.L.L." Isofoamkw. Archived from the original on 31 May 2023. Retrieved 25 June 2023.
- ^ "Al-Kharafi group launches "Star Taxi" in Syria". Kuwait News Agency. 20 May 2007. Archived from the original on 25 June 2023. Retrieved 25 June 2023.
- ^ "Al-Kharafi Group considers Egypt expansion". Al-Ahram. 27 November 2010. Archived from the original on 29 November 2021. Retrieved 25 June 2023.