World's 100 Most Powerful Arabs 2014
Wed 26 Mar 2014 03:56 PM
Bader Al Kharafi

Company: Kharafi Group

Designation: Board Member

Country: Kuwait

Bader Nasser Al Kharafi was born on the 17th of August, 1977. He received his education from Kuwait University, attaining his Bachelors degree in Mechanical Engineering in 2002. Today, Mr. Al Kharafi is one of the most active businessmen holding office as Chairman, VP and board member of several businesses both in and outside Kuwait as part of the Kharafi conglomerate with an exceptional track record in spearheading crucial business development as well as consultancy operations for many major firms and social institutions.

Soon after graduating he joined the Al Kharafi Group as a Coordination Engineer. With more than 135 registered companies operating in more than 28 countries in various sectors, the Kharafi Group of companies is one of the largest privately owned, diversified groups based out of Kuwait and is well known across the entire GCC and MENA regions. In a span of 10 years, he held the titles of Coordination Engineer, Department Manager, General Manager and since 2012, Mr. Al Kharafi is currently the Director of Group Executive Committee.

Mr. Al Kharafi was appointed Board Member at Gulf Bank. Established in 1960, Gulf Bank has since progressed to become an industry-leading financial services provider complemented by a large network of 56 branches strategically positioned in key locations throughout Kuwait. The main groups of the bank are Consumer, Corporate and International Banking.

In 2007, Mr. Al Kharafi was appointed Board Member of Foulath Holding B.S.C. (Bahrain Steel BSCC). Bahrain Steel has an annual production capacity of 5 million tons of high quality iron oxide pellets. Currently employing 330 people, the company reports an annual turnover of about $580M and net profits exceeding $200M.

The Gulf Cables & Electrical Industries KSC is involved in the manufacturing of power cables, telephone cables, overhead conductors, special cables and cable joints. Listed in the Kuwait Stock Exchange and with ISO certification, The Gulf Cable Company has a workforce of over 900 employees between its Jordan and Kuwait factories. Joining the company as Managing Director in 2003, Mr. Al Kharafi charted an exponential career graph and was appointed as Chairman in 2007 in simultaniety with his existing position of Managing Director. Soon after, in 2010, the company achieved a tremendous increase in total assets, reaching over a Billion dollars.

Mr. Al Kharafi is a fervent supporter of youth development. He is a Member of the Board of INJAZ, a non-profit, non-governmental organization which delivers educational programs on entrepreneurship, financial literacy and work readiness to students from KG to 12th Grade with the aim of inspiring and educating future generations.

Mr. Al Kharafi was appointed as a Board Member at the Kuwait-British Friendship Society, an entity dedicated to boosting and maintaining the excellent relationship between Kuwait and the U.K. Since the bilateral relations of 1775 and until this day, the relations between the two countries have always been based on mutual understanding and respect through constant coordination and cooperation in all fields.

In 2010, Mr. Al Kharafi spearheaded the $10.7 billion acquisition of African operations by Bharti Airtel from Kuwait's Zain in a deal that made the Indian firm the world's fifth biggest cellphone company by subscribers.

In 2013, Mr. Bader Al Kharafi was appointed Managing Director of Al Khatem Telecommunications Company, Zain's JSC in Iraq.

In April 2014, Coutts, the wealth division of the Royal Bank of Scotland Group, announced it had appointed Bader Al Kharafi to its Middle East Advisory Board.

Mr. Al Kharafi's most recent appointment was his election as Vice Chairman of Zain Group, the telecommunications giant with commercial presence in 8 countries across the Middle East and North Africa with about 46.1 million customers and over 6000 employees. Zain group had generated $4.4 Billion in revenues for the fiscal year 2013.