Company: United Yousuf M. Naghi Co. Ltd.
Country: Saudi Arabia
Wealth: 1.2 Billion
The Yousuf MA Naghi & Sons Group traces its origins back to 1911 when a Jeddah resident, Mohamed Abdulwahab Naghi, laid the foundations for a business empire that would thrive through innovative marketing and pioneering branding techniques.
Mohamed Abdulwahab’s son, the late Yousuf MA Naghi, built the group to its present status and reputation, while today it is jointly owned and managed by Yousuf’s four sons: Mohamed, Yaser, Saleh and Ammar. Although its core business has always been distribution and logistics, the group has diversified its activities into the retail, service, catering, transportation and manufacturing sectors. With its headquarters in Jeddah, the group operates throughout Saudi with a comprehensive network of offices, warehouses and showrooms, as well as active companies in the UAE and Egypt.
Partners include BMW, Masterfoods (Mars), Boots, Hyundai, LG Electronics, Philips, Reckitt Benckiser, Japan Tobacco International, L’Oreal, and Warner Lambert, as well as many other companies from around the world, all of whom have entrusted their products to Naghi Group companies.