Thu 17 Dec 2009 05:32 AM
Abdulkader Bakri
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Abdulkader Bakri

Industry: Energy

Company: AK Bakri & Sons Holding

Country: Saudi Arabia

Wealth: 2.8 Billion

AK Bakri & Sons Holding, and its subsidiaries in the Bakri Group, is primarily involved in the energy, marine and investment services sectors. The group engages in the wholesale trading of oil and oil-related and chemical products, as well as retail marketing and distribution.

This includes seagoing vessel refuelling and aircraft refuelling, and other oil-related retail activities. It also owns, charters, manages and operates seagoing vessels, and manages the transportation of large quantities in bulk of oil and oil-related and chemical products.

It offers offshore oil and seaport-related services and activities, management of seaports and seaport activities including the management and operation of dry docks and repair facilities, stevedoring in seaports, and maintenance of seagoing vessels.

Finally, the group operates and manages funds, offers financial and insurance oriented services and investments, and is involved in the investment and management of real estate. It also provides central and managerial and technical services to companies, such as insurance, legal advice, information technology, human resources, purchasing, internal auditing and other administrative services.

The group's tagline is ‘Sustained growth since 1975'; certainly its oil and shipping magnate founder shows no sign of slowing down any time soon.