MAK group
Alibrahim
MAKGROUP.pptxM. A. Kharafi & Sons
Background information :
Mohammed Abdulmohsin Al-Kharafi & Sons Company (MAK Group) is a private Kuwaiti based group with diverse interests and activities worldwide.
Established as a trading company more than 100 years ago it has since developed into a large multi-national company.
Following on from 1956 and with the advent of the construction boom in the Gulf, caused by the build-up of oil wealth in the region, Kharafi’s Construction Division quickly assumed a dominant role and expanded in response to the demands of a rapidly developing nation.
MEMBERS
Mohammed Abdulmohsin al-Kharafi is the CEO of the company, who also involved in the creation of National Bank of Kuwait (NBK) in 1952.
The main MA Al-Kharafi & Sons holding company is almost entirely in family hands.
Stakes of 15.91 per cent each are held by Mohannad Mohammed Abdulmohsin al-Kharafi, group chairman Nasser Mohammed, chief executive officer Fawzi Mohammed and parliamentary speaker Jassem Mohammed
WHEN IT STARTED
The company was established in 1956 as a private company based in Kuwait .
Main business regions : Middle East, Africa, Europe, Asia.
Number of employees : 20,000 (2008)
The group has more than 120,000 employees. The MAK group has more than one hundred years of experience
Strategy
A notable feature of Mak’s strategy is the way the group has remained loyal to core activities such as build-own-transfer infrastructure projects in the Middle East, while balancing these with investment in a strikingly diverse range of frontier and emerging economies.
Mak has a growing business portfolio in West Africa, including hotel and construction interests, and a vegetable export business in Gambia.
Active in an extremely diverse range of activities, including construction, investment, development, manufacturing, commerce, tourism and leisure.
MA Al-Kharafi & Sons in numbers
$1bn: Turnover of subsidiary Kharafi National, which is 25 per cent of the group’s earnings.
30 per cent: Stake the Al-Kharafi group holds in Iraqi mobile telecoms operator Atheer Telecom.
$800m: Initial capitalisation of subsidiary Sovereign Hospitality Holdings
The company sold its shares in Americana in 2016 for $2.3 billion.
A major stake in one of the largest telecommunications companies in the Middle East and Africa, Zain
Commercial interests and revenues for 2006 estimated at USD$3.3 billion.
The estimated net worth of Nasser Al-Kharafi: 10.4 billion dollars
In 2011 the Kharafi family was listed at 77th position in the Forbes magazine's list of the richest people in the world.
