M. A. Kharafi & Sons
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 $3.3 billion.[citation needed] The company was run by Nasser Al-Kharafi until his death in 2011. Al-Kharafi is also a supplier and integrator to the newspaper industry in Kuwait. In 2011 the Kharafi family was listed at 77th position in Forbes magazine's list of the world's richest people.[1][2]
| Type | Private (Limited Liability) |
|---|---|
| Industry | Conglomerate |
| Founded | 1956 |
| Headquarters | Safat, Kuwait City, Kuwait |
Area served | Africa, Middle East, Albania, Belize, Bulgaria, Indonesia, Kazakhstan, Maldives & Netherlands |
| Key people | Nasser Al-Kharafi (chairman) Fawzi Al-Kharafi (CEO) |
| Products | Aluminum, Asphalt, Computer, Concrete, Fertilizer, Food, Prefabricated construction supplies, Real Estate, Steel, Telecom, Wastewater treatment plants |
| Services | Airlines, Airports, Broker, Hotels, Travel services agents |
| Revenue | US$ 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 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
Subsidiaries, associates and affiliates
| Name | Country | Holding |
|---|---|---|
| Al Khair National for Stocks and Real Estate Company[9] | 100.00% | |
| Al Nasser Real Estate Company | 100.00% | |
| Emak Paper Manufacturing Company[10] | 100.00% | |
| Kharafi Construction[11] | 100.00% | |
| Kuwait United Company[12] | 100.00% | |
| Kuwaiti British Readymix Company[13] | 100.00% | |
| LMAK for Agencies and Trading Company | 100.00% | |
| Lebanese Real Estate Commercial Company | 100.00% | |
| Lebanese Utilities Company | 100.00% | |
| M A Kharafi Construction[14] | 100.00% | |
| M A Kharafi and Sons Company - Saudi Arabia | 100.00% | |
| M A Kharafi and Sons Company - The Gambia[15] | 100.00% | |
| M A Kharafi and Sons Company (MAK)[8] | 100.00% | |
| MAK Bulgaria | 100.00% | |
| MAK Contracting | 100.00% | |
| MAK Hospitality and Touristic Investmests | 100.00% | |
| MAK Hospitality and Touristic Investments - Syria | 100.00% | |
| MAK Lebanon | 100.00% | |
| MAK Pty | 100.00% | |
| Marsa Alam Tourism Development Company[16] | 100.00% | |
| Mohamed Abdulmohsin Al Kharafi and Sons | 100.00% | |
| Sovereign Hospitality Holdings | 100.00% | |
| Sovereign Hospitality Holdings - Egypt (via Sovereign Hospitality Holdings) | 100.00% | |
| Alexandria Fertilizers Company | 85.00% | |
| Kharafi National Company[17] | 80.00% | |
| Arab Company for Computer Manufacturing[18] | 71.00% | |
| Arab Aluminium[19] | 68.00% | |
| Kuwait Food Company (via Al Khair National Company for Stocks and Real Estate Company) | 64.78% | |
| National Investments Company (via Al Khair National for Stocks and Real Estate Company)[20] | 51.73% | |
| Admak General Contracting Company | 49.00% | |
| Al Mal Investment Company (via Al Khair National for Stocks and Real Estate Company)[21] | 47.85% | |
| AutoMak Automotive Company[22] | 45.00% | |
| Heavy Engineering Industries and Shipbuilding Company (via Al Khair National for Stocks and Real Estate Company)[23] | 42.62% | |
| Kuwait Cryo Industrial Company | 40.00% | |
| Coast Investment and Development Company (via Al Khair National for Stocks and Real Estate Company)[24] | 32.71% | |
| Gulf Cement Company - UAE (via Al Khair National for Stocks and Real Estate Company)[25] | 26.33% | |
| Alamiah Building Company[26] | - | |
| Albania Airlines MAK | - | |
| Aluminium Industries Company | - | |
| Al Qebla Al Watya - Kuwait | - | |
| Archi Systems Contractor | - | |
| AutoMak General Trading and Contracting Company - Kuwait[22] | - | |
| Aviation World MAK BV[27] | - | |
| Bubiyan Fisheries Company[28] | - | |
| Chateau Linza Hotel and Restaurant | - | |
| Credit Bank of Albania | - | |
| Cybermak Information Systems Company | - | |
| EMAK Contracting Company | - | |
| EMAK International Academy | - | |
| EMAK Marsa Alam for Management and Operation of Airports | - | |
| EMAK Marsa Alam for Touristic Development and Urban Investment | - | |
| EMAK Real Estate Development | - | |
| EMAK for Agencies and Trading Company | - | |
| EMAK for Tourism and Real Estate Development | - | |
| EMAK for Utilities and Services | - | |
| Egyptian Marsa Alam Aviation Services | - | |
| Egyptian Packing and Wrapping Materials Company (Misr Packaging) | - | |
| Egyptian Sponge (Misr Foam) | - | |
| Emirates Utilities Holding Company (EUCH) | - | |
| Express Air and Travel | - | |
| Gulf Insulating Materials | - | |
| Integrated Marketing Services | - | |
| Isofoam Insulating Materials Plant[29] | - | |
| Isofoam SA | - | |
| Kairaba Beach Hotel and Resort | - | |
| Kharafi Investments and Development - South Africa | - | |
| Kiwan Tourist Investment Company | - | |
| Kuwaiti Iraqi Holding Company | - | |
| MAK Brake Lining Company | - | |
| MAK Farm Foods[15] | - | |
| MAK Hospitality | - | |
| MAK Travel and Tours | - | |
| MAK Travel, Tourism and Airfreight Company | - | |
| MAK United for General Trading | - | |
| MAKXalto Advanced Card Technology | - | |
| Mali Robit Golem Resort | - | |
| Marsa Alam for Touristic Development | - | |
| Media Phone for General Trading | - | |
| Mosaic Stairs Factory | - | |
| National Company for Plastic Industries | - | |
| National Piling Company | - | |
| Pan Arab Research Center | - | |
| Pan Arab Research Center - Kuwait | - | |
| Sabhan Steel Factory | - | |
| Sheraton Aleppo Hotel and Towers | - | |
| Sheraton Tirana Hotel | - | |
| Star Taxi[30] | - | |
Investments
| Name | Country | Holding |
|---|---|---|
| Kuwait Pipe Industries and Oil Services Company (via Al Khair National for Stocks and Real Estate Company) | 15.82% | |
| Gulf North Africa Holding Company | 15.00% | |
| Kuwaiti Syrian Holding Company | 15.00% | |
| Rasamny Younis Motor Company | 12.80% | |
| Mobile Telecommunications Company (via Al Khair National for Stocks and Real Estate Company) | 12.49% | |
| Egypt Kuwait Holding Company (via Al Khair National for Stocks and Real Estate Company) | 12.42% | |
| National Industries Group Holding (via Al Khair National for Stocks and Real Estate Company) | 9.84% | |
| National Slaughterhouse Company | 9.35% | |
| Kuwait Financial Centre (via Al Khair National for Stocks and Real Estate Company) | 7.2% | |
| Al Razzi Holding Company | 5.00% | |
| National Ranges and Real Estate Company (via Al Khair National for Stocks and Real Estate Company) | 5.00% | |
| ABJ Engineering and Contracting Company | 1.00% | |
| Port Ghalib | - | |
Companies under management
| Name | Country | Holding |
|---|---|---|
| Marsa Alam International Airport[31] | - | |