Company: MA Al Kharafi & Sons Company
Bader Al Kharafi is one of the most powerful men in Kuwait, as one of the heads of the family conglomerate MA Al Kharafi & Sons Company. Established in 1956, the group is now estimated to be worth more than $8bn, with more than 135 registered companies operating in 28 countries, across sectors including construction, trading and manufacturing, investments and development, and travel and leisure. Al Kharafi took the helm as director of the group’s executive committee in 2012, following the death of his highly esteemed father, Nasser. He holds several high-profile roles within the family business, including as a board member of Gulf Bank, a board member of Foulath Holding (Bahrain Steel) and chairman and managing director of Gulf Cables & Electrical Industries. He was recently elected vice chairman of Zain Group, the telecommunications giant that operates in eight countries across the Middle East and North Africa, with about 44.3 million customers and $4.3bn in turnover.
In April 2014, Coutts, the wealth division of the Royal Bank of Scotland Group, announced it had appointed Al Kharafi to its Middle East Advisory Board.
A keen advocate of youth development, he is also a board member for INJAZ, a non-government organisation that teaches students entrepreneurship and financial literacy at a time when the Gulf state is working to encourage more nationals into the private sector.
With ongoing plans to expand, Al Kharafi’s influence is only expected to continue rising.