The World Richest Arabs 2014
Thu 04 Dec 2014 12:28 PM
The Kharafi family

The Kharafi family

Industry: Diversified

Country: Kuwait

Wealth: 8.3 Billion

Kuwaiti family conglomerate the Kharafi Group, which has an annual turnover of around $5bn and is already active in 25 countries, has been in the news recently over the potential sale of Americana, one of its most high-profile assets. The family is believed to be interested in selling off two thirds of the fast food giant, which has a market value of around $4bn. The Kharafi Group has operations in 25 countries around the world, from Senegal to Botswana to Kazakhstan and The Maldives, and has more than 120,000 employees. The family business has always had strong connections with Egypt, from power stations along the Nile Delta to contracts at Marsa Alam International Airport. Run by Jassem, Marzouk Badr and Faisal Al Kharafi, the company also has investments in a series of major Gulf blue-chips, including Zain.