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Wed 8 Jun 2011 08:06 AM

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Kuwait's Nasser Al Kharafi wins posthumous award

Late chairman of Kharafi Group honoured at Arabian Business Kuwait Awards

Kuwait's Nasser Al Kharafi wins posthumous award
Lifetime Achievement was a posthumous award to Nasser Al-Kharafi. It was collected by his son, Bader Al Kharafi
Kuwait's Nasser Al Kharafi wins posthumous award
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Nasser Al Kharafi, the late chairman of Kuwait’s Kharafi Group, received a posthumous Lifetime Achievement Award at the Arabian Business Kuwait Awards on Tuesday. [photos]

Held at the Courtyard by Marriott in Kuwait City, the prestigious award was made just two months after the Kharafi Group chairman’s death and accepted by his son, Bader Al Kharafi. The family-owned firm has stakes in several listed firms in the Gulf state, alongside subsidiaries in the construction, hospitality and travel industries.

Its subsidiary, Kuwait Food Company or Americana, holds the Middle East franchises for Pizza Hut, KFC and TGI Friday’s, among others. Al Kharafi was also the largest individual stakeholder of popular doughnut company Krispy Kreme.

The award was one of 17 made at the ceremony. Retail tycoon Mohammed Al Shaya scooped Businessman of the Year, while Ghaida Ghassan Al Khaled, chairperson of ACICO Construction, took Businesswoman of the Year.

National Bank of Kuwait was voted Bank of the Year, with Boubuan Bank taking Islamic Bank of the Year, and Gulf Bank winning Retail Bank of the Year. Other notable winners included Agility for Logistics Company of the Year, and MARKAZ winning Investment Company of the Year.

This year’s award for corporate social responsibility (CSR) went to Equate.

Full list of winners at the Arabian Business Kuwait Awards

Lifetime Achievement (awarded posthumously) - Nasser Al Kharafi, chairman, Kharafi Group

Businessman of the Year - Mohammed Al Shaya, executive chairman, Alshaya Group

Businesswoman of the Year - Ghaida Ghassan Al Khaled, chairperson, ACICO Construction

IT company of the Year - ITS

Bank of the Year - National Bank of Kuwait

Islamic Bank of the Year - Boubyan Bank

Retail Bank of the Year - Gulf Bank

Insurance Company of the Year - Gulf Insurance

Best Business Hotel - Crowne Plaza

Telecom Company of the Year - Wataniya Telecom

Real Estate Company of the Year - Salhia Real Estate

Industrial Company of the year - Gulf Cable

Fastest Growing Company - Alimtiaz Investment

CSR Award - Equate

Investment Company of the Year - Markaz

Construction Company of the Year - Ahmadiah Contracting & Trading Co

Logistics Company of the year - Agility

Hospitality & Tourism Company of the Year - Bukhamseen Holdings