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

Industry: Diversified

Country: Kuwait

Wealth: 6.4 Billion

Jawad Ahmed Bukhamseen founded the Bukhamseen Group back in 1957, and the closely held family giant has gone from strength to strength ever since. From banking to hospitality, and from media to industry, the group has also introduced big-name western brands to the country. In 1977, the company signed the first Holiday Inn Hotel in the Middle East, and later signed Kuwait’s Crowne Plaza.  Bukhamseen has plans to build a wholly-owned Grand Hyatt Hotel and Towers complex, which is designed to be a seven-star hotel. Today, Jawad’s sons Emad (pictured), Osama, Anwar and Raed all occupy senior management positions within the company. Bukhamseen Holding’s Kuwait National Cinema Company also established Al Sharqia Cinema, the first movie theatre in Kuwait, in 1954.