M. A. Kharafi & Sons

Mohamed Abdulmohsin Al Kharafi and Sons Company
مجموعة الخرافي
Company typePrivate (Limited Liability)
IndustryConglomerate
Founded1956
HeadquartersSafat, Kuwait City, Kuwait
Area served
Africa, Middle East, Albania, Belize, Bulgaria, Indonesia, Kazakhstan, Maldives & Netherlands
Key people
Nasser Al-Kharafi (chairman) & (president)
Fawzi Al-Kharafi (CEO)
ProductsAluminum, Asphalt, Computer, Concrete, Fertilizer, Food, Prefabricated construction supplies, Real Estate, Steel, Telecom, Wastewater treatment plants
ServicesAirlines, Airports, Broker, Hotels, Travel services agents
RevenueUS$ 4.5 Billion (2008)
Number of employees
20,000 (2008)
Websitemakharafi.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.[citation needed] 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.[citation needed] 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]

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 Kuwait 100.00%
Al Nasser Real Estate Company Lebanon Lebanon 100.00%
Emak Paper Manufacturing Company[10] Egypt Egypt 100.00%
Kharafi Construction[11] Kuwait Kuwait 100.00%
Kuwait United Company[12] Kuwait Kuwait 100.00%
Kuwaiti British Readymix Company[13] Kuwait Kuwait 100.00%
LMAK for Agencies and Trading Company Lebanon Lebanon 100.00%
Lebanese Real Estate Commercial Company Lebanon Lebanon 100.00%
Lebanese Utilities Company Lebanon Lebanon 100.00%
M A Kharafi Construction[14] South Africa South Africa 100.00%
M A Kharafi and Sons Company - Saudi Arabia Saudi Arabia Saudi Arabia 100.00%
M A Kharafi and Sons Company - The Gambia[15] The Gambia The Gambia 100.00%
M A Kharafi and Sons Company (MAK)[8] Kuwait Kuwait 100.00%
MAK Bulgaria Bulgaria Bulgaria 100.00%
MAK Contracting Lebanon Lebanon 100.00%
MAK Hospitality and Touristic Investmests Lebanon Lebanon 100.00%
MAK Hospitality and Touristic Investments - Syria Syria Syria 100.00%
MAK Lebanon Lebanon Lebanon 100.00%
MAK Pty Botswana Botswana 100.00%
Marsa Alam Tourism Development Company[16] Egypt Egypt 100.00%
Mohamed Abdulmohsin Al Kharafi and Sons Tanzania Tanzania 100.00%
Sovereign Hospitality Holdings Switzerland Switzerland 100.00%
Sovereign Hospitality Holdings - Egypt (via Sovereign Hospitality Holdings) Egypt Egypt 100.00%
Alexandria Fertilizers Company Egypt Egypt 85.00%
Kharafi National Company[17] Kuwait Kuwait 80.00%
Arab Company for Computer Manufacturing[18] Egypt Egypt 71.00%
Arab Aluminium[19] Egypt Egypt 68.00%
Kuwait Food Company (via Al Khair National Company for Stocks and Real Estate Company) Kuwait Kuwait 64.78%
National Investments Company (via Al Khair National for Stocks and Real Estate Company)[20] Kuwait Kuwait 51.73%
Admak General Contracting Company United Arab Emirates UAE 49.00%
Al Mal Investment Company (via Al Khair National for Stocks and Real Estate Company)[21] Kuwait Kuwait 47.85%
AutoMak Automotive Company[22] Kuwait Kuwait 45.00%
Heavy Engineering Industries and Shipbuilding Company (via Al Khair National for Stocks and Real Estate Company)[23] Kuwait Kuwait 42.62%
Kuwait Cryo Industrial Company Kuwait Kuwait 40.00%
Coast Investment and Development Company (via Al Khair National for Stocks and Real Estate Company)[24] Kuwait Kuwait 32.71%
Gulf Cement Company - UAE (via Al Khair National for Stocks and Real Estate Company)[25] United Arab Emirates UAE 26.33%
Alamiah Building Company[26] Kuwait Kuwait -
Albania Airlines MAK Albania Albania -
Aluminium Industries Company Kuwait Kuwait -
Al Qebla Al Watya - Kuwait Kuwait Kuwait -
Archi Systems Contractor Kuwait Kuwait -
AutoMak General Trading and Contracting Company - Kuwait[22] Kuwait Kuwait -
Aviation World MAK BV[27] Netherlands Netherlands -
Bubiyan Fisheries Company[28] Kuwait Kuwait -
Chateau Linza Hotel and Restaurant Albania Albania -
Credit Bank of Albania Albania Albania -
Cybermak Information Systems Company Kuwait Kuwait -
EMAK Contracting Company Egypt Egypt -
EMAK International Academy Egypt Egypt -
EMAK Marsa Alam for Management and Operation of Airports Egypt Egypt -
EMAK Marsa Alam for Touristic Development and Urban Investment Egypt Egypt -
EMAK Real Estate Development Egypt Egypt -
EMAK for Agencies and Trading Company Egypt Egypt -
EMAK for Tourism and Real Estate Development Egypt Egypt -
EMAK for Utilities and Services Egypt Egypt -
Egyptian Marsa Alam Aviation Services Egypt Egypt -
Egyptian Packing and Wrapping Materials Company (Misr Packaging) Egypt Egypt -
Egyptian Sponge (Misr Foam) Egypt Egypt -
Emirates Utilities Holding Company (EUCH) United Arab Emirates UAE -
Express Air and Travel Egypt Egypt -
Gulf Insulating Materials Kuwait Kuwait -
Integrated Marketing Services Egypt Egypt -
Isofoam Insulating Materials Plant[29] Kuwait Kuwait -
Isofoam SA South Africa South Africa -
Kairaba Beach Hotel and Resort The Gambia The Gambia -
Kharafi Investments and Development - South Africa South Africa South Africa -
Kiwan Tourist Investment Company Syria Syria -
Kuwaiti Iraqi Holding Company Kuwait Kuwait -
MAK Brake Lining Company Egypt Egypt -
MAK Farm Foods[15] The Gambia The Gambia -
MAK Hospitality South Africa South Africa -
MAK Travel and Tours South Africa South Africa -
MAK Travel, Tourism and Airfreight Company Kuwait Kuwait -
MAK United for General Trading Kuwait Kuwait -
MAKXalto Advanced Card Technology Egypt Egypt -
Mali Robit Golem Resort Albania Albania -
Marsa Alam for Touristic Development Egypt Egypt -
Media Phone for General Trading Kuwait Kuwait -
Mosaic Stairs Factory Kuwait Kuwait -
National Company for Plastic Industries Syria Syria -
National Piling Company Kuwait Kuwait -
Pan Arab Research Center United Arab Emirates UAE -
Pan Arab Research Center - Kuwait Kuwait Kuwait -
Sabhan Steel Factory Kuwait Kuwait -
Sheraton Aleppo Hotel and Towers Syria Syria -
Sheraton Tirana Hotel Albania Albania -
Star Taxi[30] Syria Syria -

Investments

Name Country Holding
Kuwait Pipe Industries and Oil Services Company (via Al Khair National for Stocks and Real Estate Company) Kuwait Kuwait 15.82%
Gulf North Africa Holding Company Kuwait Kuwait 15.00%
Kuwaiti Syrian Holding Company Kuwait Kuwait 15.00%
Rasamny Younis Motor Company Lebanon Lebanon 12.80%
Mobile Telecommunications Company (via Al Khair National for Stocks and Real Estate Company) Kuwait Kuwait 12.49%
Egypt Kuwait Holding Company (via Al Khair National for Stocks and Real Estate Company) Egypt Egypt 12.42%
National Industries Group Holding (via Al Khair National for Stocks and Real Estate Company) Kuwait Kuwait 9.84%
National Slaughterhouse Company Kuwait Kuwait 9.35%
Kuwait Financial Centre (via Al Khair National for Stocks and Real Estate Company) Kuwait Kuwait 7.2%
Al Razzi Holding Company Kuwait Kuwait 5.00%
National Ranges and Real Estate Company (via Al Khair National for Stocks and Real Estate Company) Kuwait Kuwait 5.00%
ABJ Engineering and Contracting Company Kuwait Kuwait 1.00%
Port Ghalib Egypt Egypt -

Companies under management

Name Country Holding
Marsa Alam International Airport[31] Egypt Egypt -

Developments and Projects

Name Country Holding
Kiwan Syria Syria -

See also

References

  1. ^ "Nasser Al-Kharafi & family". Forbes. Retrieved 25 June 2023.
  2. ^ 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.
  3. ^ 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.
  4. ^ "Fawzi Al-Kharafi". Forbes. Retrieved 25 June 2023.
  5. ^ "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.
  6. ^ 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.
  7. ^ "Mohamed Abdulmohsin Al Kharafi and Sons Company". Zawya. 14 May 2011. Archived from the original on 13 February 2012. Retrieved 25 June 2023.
  8. ^ a b "MA Al-Kharafi & Sons". MEED. 2 February 2010. Archived from the original on 2 December 2022. Retrieved 24 June 2023.
  9. ^ "Al Khair National for Stocks and Real Estate Company". Dhow Net. Archived from the original on 24 June 2023. Retrieved 24 June 2023.
  10. ^ "Emak Paper Factory". Mast Group. Archived from the original on 27 September 2020. Retrieved 24 June 2023.
  11. ^ "About Us". Kharafi Global. Archived from the original on 23 January 2021. Retrieved 25 June 2023.
  12. ^ "About Us". Kuwait United Co. Archived from the original on 31 March 2023. Retrieved 25 June 2023.
  13. ^ "About Us". Kuwaiti British Readymix Co WLL. Archived from the original on 24 June 2023. Retrieved 24 June 2023.
  14. ^ "MA Kharafi Construction Pty Ltd". Bloomberg L.P. Archived from the original on 24 June 2023. Retrieved 24 June 2023.
  15. ^ a b "M.A. Kharafi & Sons Gambia Co. Ltd". Access Gambia. Archived from the original on 15 February 2020. Retrieved 24 June 2023.
  16. ^ "Marsa Marsa Alam for Tourism Development". The Wall Street Journal. Archived from the original on 24 June 2023. Retrieved 24 June 2023.
  17. ^ "Kharafi National Co LLC". Bloomberg L.P. Archived from the original on 3 November 2019. Retrieved 25 June 2023.
  18. ^ "Arab Company for Computer Manufacturing". Arab Company for Computer Manufacturing. Archived from the original on 4 April 2022. Retrieved 24 June 2023.
  19. ^ "Arab Aluminum Company SAE". Reuters. Archived from the original on 25 June 2023. Retrieved 25 June 2023.
  20. ^ "National Investments Company". National Investments Company. Archived from the original on 10 June 2023. Retrieved 25 June 2023.
  21. ^ "AL MAL Investment Company (KPSC)". AL MAL. Archived from the original on 29 March 2023. Retrieved 25 June 2023.
  22. ^ a b "Our Story". Automak. Archived from the original on 26 March 2023. Retrieved 25 June 2023.
  23. ^ "HEAVY ENGINEERING INDUSTRIES & SHIPBUILDING CO. K.S.C. (Public)". Heisco. Archived from the original on 31 May 2023. Retrieved 25 June 2023.
  24. ^ "ABOUT COAST". Coast. Archived from the original on 23 March 2023. Retrieved 25 June 2023.
  25. ^ "Gulf Cement Co PSC". Bloomberg L.P. Archived from the original on 25 January 2022. Retrieved 25 June 2023.
  26. ^ "Company Profiles". Alamiah Building Co. K.S.C.C. Archived from the original on 31 May 2023. Retrieved 25 June 2023.
  27. ^ "MAK Aircraft Engineering Services". MAK Aircraft Engineering Services. Archived from the original on 31 March 2023. Retrieved 25 June 2023.
  28. ^ "من نحن" [About Us]. Boubyan Fisheries Co. (in Arabic). Archived from the original on 29 March 2023. Retrieved 25 June 2023.
  29. ^ "ISOFOAM Insulating Materials Plants Co. W.L.L." Isofoamkw. Archived from the original on 31 May 2023. Retrieved 25 June 2023.
  30. ^ "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.
  31. ^ "Al-Kharafi Group considers Egypt expansion". Al-Ahram. 27 November 2010. Archived from the original on 29 November 2021. Retrieved 25 June 2023.

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