Wed 22 Jun 2011 11:24 AM
The Al Zamil Family
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The Al Zamil Family

Wealth: 2.8 Billion

The Al Zamil family has seen extraordinary growth since its inception as a simple trading house in the 1930s.

Today, Al Zami Group, with Chairman Abdulrahman Al Zamil, spans diversified industrial and commercial interests, making its mark on everything from air-conditioning manufacturing to food processing, steel fabrication and travel services. The group was founded by the late Abdullah Al Hamad Al Zamil, a Saudi entrepreneur who established a modest trading entity selling food items and textiles in the Kingdom of Bahrain in the 1930s. Later, he expanded successfully into real estate investments.

Zamil began investing in the plastics industry over 30 years ago, and today the group can count on a 12,000-strong workforce in more than 60 countries, vast manufacturing facilities and strong affiliations with a number of international partners.

The family also has a significant stake in the Bahrain-based Energy Central Company, which could prove a huge windfall given the region’s growing power demands.

Our calculation of the family’s wealth, placing it at $2.8bn, is most probably conservative, but we have done so to be on the safe side.

Most experts would argue it may in fact be considerably higher, into the $3bn range.