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M. A. Kharafi & Sons

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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]

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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

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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

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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

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

Developments and Projects

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Name Country Holding
Kiwan Syria Syria -

See also

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References

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  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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