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Private company based in Kuwait From Wikipedia, the free encyclopedia
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 $3.3 billion.[citation needed] The company was run by Nasser Al-Kharafi until his death in 2011. On 15 April 2006, the US doughnut retailer Krispy Kreme announced that M.A. Kharafi & Sons bought a 6.7 percent stake, or 4.13 million shares.[citation needed] Al-Kharafi is also a supplier and integrator to the newspaper industry in Kuwait. In 2011 the Kharafi family was listed at 77th position in Forbes magazine's list of the world's richest people.[1][2]
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Company type | Private (Limited Liability) |
---|---|
Industry | Conglomerate |
Founded | 1956 |
Headquarters | Safat, Kuwait City, Kuwait |
Area served | Africa, Middle East, Albania, Belize, Bulgaria, Indonesia, Kazakhstan, Maldives & Netherlands |
Key people | Nasser Al-Kharafi (chairman) Fawzi Al-Kharafi (CEO) |
Products | Aluminum, Asphalt, Computer, Concrete, Fertilizer, Food, Prefabricated construction supplies, Real Estate, Steel, Telecom, Wastewater treatment plants |
Services | Airlines, Airports, Broker, Hotels, Travel services agents |
Revenue | US$ 4.5 Billion (2008) |
Number of employees | 20,000 (2008) |
Website | makharafi.net |
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 Mahmoud Al Abbar the CEO 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]
This section needs additional citations for verification. (June 2023) |
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 | - |
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 | - |
Name | Country | Holding |
---|---|---|
Marsa Alam International Airport[31] | Egypt | - |
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