Family Values and an Eye to the Future Give The M. A. Al-Kharafi Group a Foundation for Successful Global Partnerships

摘要

Family firms are the bedrock of the economy in the Middle East, and the Mohammed Abdulmohsin Al-Kharafi and Sons Group-which was founded as a trading company more than a century ago-is one of the oldest, largest and most successful privately held companies in the Arab world.The group has annual sales of $5.1 billion, operates more than 100 business units and subsidiaries in 25 countries, employs 125,000 people, and is owned by the Kharafi family and managed by its president, Nasser Al-Kharafi.Al-Kharafi attributes the company's success to an ethic that has been with the group since it began: "While we initially set up over 100 years ago as a trading company, the group has developed into one of the largest fully integrated multinational companies in the region.