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M. A. Kharafi & Sons
M.A. Kharafi & Sons (Mohammed Abdulmohsin Al-Kharafi & Sons W.L.L., ) is a private company based in Kuwait with a variety of commercial interests and revenues for 2006 estimated at $3.3 billion. The company was run by Nasser Al-Kharafi until his death in 2011. On 15 April 2006, the US doughnut retailer Krispy Kreme announced that M.A. Kharafi & Sons bought a 6.7 percent stake, or 4.13 million shares. Al-Kharafi is also a supplier and integrator to the newspaper industry in Kuwait. In 2011 the Kharafi family was listed at 77th position in Forbes magazine's list of the world's richest people. The company was founded by Mohamed Abdul Mohsen Al Kharafi in 1956 as a contracting company. The company sold its shares in Americana to Mohamed Al Abbar, (who is one of the founders of Emaar) in 2016 for $2.3 billion. In May 2015, Fawzi Al-Kharafi was delegated and assigned by the family as a chairman and president following the death of Jassim. He died in 2021.
Organization structure and related entities
M.A. Kharafi & Sons is a privately-owned limited liability company. It has subsidiaries in Europe, Asia, and Africa in the construction, tourism real estate, and food and food processing sectors.
Subsidiaries, associates and affiliates
Investments
Companies under management
Developments and Projects
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