M. A. Kharafi & Sons


M.A. Kharafi & Sons is a private company based in Kuwait with a variety of commercial interests and revenues for 2006 estimated at $3.3 billion. The company was run by Nasser Al-Kharafi until his death in 2011. On April 15, 2006, the US doughnut retailer Krispy Kreme announced that MA Kharafi & Sons bought a 6.7 percent stake or 4.13 million shares. 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 the Forbes magazine's list of the richest people in the world.
The company started in 1956 as a contracting company founded by Mohamed Abdul Mohsen Al Kharafi.
The company sold its shares in Americana in 2016 for $2.3 billion, which was for fast-food-chains business that operated KFC, Hardee's and other brands in Kuwait and several other Middle Eastern countries.

Organization structure and related entities

As of 30 March 2008

Subsidiaries, associates and affiliates

NameCountryHolding
Al Khair National for Stocks and Real Estate Company Kuwait100.00%
Al Nasser Real Estate Company Lebanon100.00%
Emak Paper Manufacturing Company Egypt100.00%
Kharafi Construction Kuwait100.00%
Kuwait United Company Kuwait100.00%
Kuwaiti British Readymix Company Kuwait100.00%
LMAK for Agencies and Trading Company Lebanon100.00%
Lebanese Real Estate Commercial Company Lebanon100.00%
Lebanese Utilities Company Lebanon100.00%
M A Kharafi Construction South Africa100.00%
M A Kharafi and Sons Company - Saudi Arabia Saudi Arabia100.00%
M A Kharafi and Sons Company - The Gambia Gambia100.00%
M A Kharafi and Sons Company Kuwait100.00%
MAK Bulgaria Bulgaria100.00%
MAK Contracting Lebanon100.00%
MAK Hospitality and Touristic Investmests Lebanon100.00%
MAK Hospitality and Touristic Investments - Syria Syria100.00%
MAK Lebanon Lebanon100.00%
MAK Pty Botswana100.00%
Marsa Alam Tourism Development Company Egypt100.00%
Mohamed Abdulmohsin Al Kharafi and Sons Tanzania100.00%
Sovereign Hospitality Holdings Switzerland100.00%
Sovereign Hospitality Holdings - Egypt Egypt100.00%
Alexandria Fertilizers Company Egypt85.00%
Kharafi National Company Kuwait80.00%
Arab Company for Computer Manufacturing Egypt71.00%
Arab Aluminium Egypt68.00%
Kuwait Food Company Kuwait64.78%
Kuwait51.73%
Admak General Contracting Company UAE49.00%
Al Mal Investment Company Kuwait47.85%
AutoMak Automotive Company Kuwait45.00%
Heavy Engineering Industries and Shipbuilding Company Kuwait42.62%
Kuwait Cryo Industrial Company Kuwait40.00%
Coast Investment and Development Company Kuwait32.71%
Gulf Cement Company - UAE UAE26.33%
Alamiah Building Company 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 Kuwait-
Aviation World MAK BV Netherlands-
Bubiyan Fisheries Company 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 för 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 Egypt-
Egyptian Sponge Egypt-
Emirates Utilities Holding Company UAE-
Express Air and Travel Egypt-
Gulf Insulating Materials Kuwait-
Integrated Marketing Services Egypt-
Isofoam Insulating Materials Plant Kuwait-
Isofoam SA South Africa-
Kairaba Beach Hotel and Resort 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 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 Syria-

Investments

NameCountryHolding
Kuwait Pipe Industries and Oil Services Company Kuwait15.82%
Gulf North Africa Holding Company Kuwait15.00%
Kuwaiti Syrian Holding Company Kuwait15.00%
Rasamny Younis Motor Company Lebanon12.80%
Mobile Telecommunications Company Kuwait12.49%
Egypt Kuwait Holding Company Egypt12.42%
National Industries Group Holding Kuwait9.84%
National Slaughterhouse Company Kuwait9.35%
Kuwait Financial Centre Kuwait7.2%
Al Razzi Holding Company Kuwait5.00%
National Ranges and Real Estate Company Kuwait5.00%
ABJ Engineering and Contracting Company Kuwait1.00%
Port Ghalib Egypt-

Companies under management

NameCountryHolding
Marsa Alam International Airport Egypt-

Developments and Projects