Fakhro Group
Encyclopedia
The Fakhro Group, also known as the Abdulla Yousif Fakhro Group is one of the oldest and leading Bahraini
enterprises. The group is headquartered in Manama
, Bahrain
and also has operations in Qatar
and the UAE.
in 1888, started off as a traditional merchant house. Yousif bin Abdulrahman remained at the helm of the business from the early 20th century until he died in 1952. During 1930s and 1940s, Yousif sent each of his five sons to manage the family's business interests in India, Dubai, Bahrain and Iraq (where Abdulla bin Yousif Fakhro was to be based for numerous years). During this period, the small business dealing in dates and building materials expanded into shipping
, with around 40 dhows, and established branches in the GCC
, Iraq
, and India
. The company's product portfolio grew to encompass cars
, timber
, foodstuff, and electronics
.
After Yousif bin Abdulrahman's death in 1952, Abdulla bin Yousif and his brothers jointly controlled the family business. Abdulla later acquired most of the businesses from his brothers and, with the help of his sons, embarked on an ambitious growth strategy to take the group to where it is today, with interests in automotive products and services, restaurants, shipping logistics, insurance, and technology.
Although the group currently consists of 14 individual companies, it is actively adding divisions and evaluating new initiatives in the Persian Gulf
. The company currently operates in Bahrain, Qatar, and Dubai, and is in the process of expanding into Abu Dhabi and Kuwait.
products, technology
, restaurants, shipping
, insurance
, transport
, and agencies
.
Bahrain
' , officially the Kingdom of Bahrain , is a small island state near the western shores of the Persian Gulf. It is ruled by the Al Khalifa royal family. The population in 2010 stood at 1,214,705, including 235,108 non-nationals. Formerly an emirate, Bahrain was declared a kingdom in 2002.Bahrain is...
enterprises. The group is headquartered in Manama
Manama
Manama is the capital and largest city of Bahrain, with an approximate population of 155,000 people.Long an important trading center in the Persian Gulf, Manama is home to a very diverse population...
, Bahrain
Bahrain
' , officially the Kingdom of Bahrain , is a small island state near the western shores of the Persian Gulf. It is ruled by the Al Khalifa royal family. The population in 2010 stood at 1,214,705, including 235,108 non-nationals. Formerly an emirate, Bahrain was declared a kingdom in 2002.Bahrain is...
and also has operations in Qatar
Qatar
Qatar , also known as the State of Qatar or locally Dawlat Qaṭar, is a sovereign Arab state, located in the Middle East, occupying the small Qatar Peninsula on the northeasterly coast of the much larger Arabian Peninsula. Its sole land border is with Saudi Arabia to the south, with the rest of its...
and the UAE.
History
The Fakhro Group, founded by the late Yousif bin Abdulrahman FakhroYousif bin Abdulrahman Fakhro
Yousif bin Abdulrahman Fakhro , also known as Yusuf Al Oud, was one of the most prominent and wealthiest businessmen in Bahrain....
in 1888, started off as a traditional merchant house. Yousif bin Abdulrahman remained at the helm of the business from the early 20th century until he died in 1952. During 1930s and 1940s, Yousif sent each of his five sons to manage the family's business interests in India, Dubai, Bahrain and Iraq (where Abdulla bin Yousif Fakhro was to be based for numerous years). During this period, the small business dealing in dates and building materials expanded into shipping
Shipping
Shipping has multiple meanings. It can be a physical process of transporting commodities and merchandise goods and cargo, by land, air, and sea. It also can describe the movement of objects by ship.Land or "ground" shipping can be by train or by truck...
, with around 40 dhows, and established branches in the GCC
Cooperation Council for the Arab States of the Gulf
The Cooperation Council for the Arab States of the Gulf , also known as the Gulf Cooperation Council , is a political and economic union of the Arab states bordering the Persian Gulf and constituting the Arabian Peninsula, namely Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates...
, Iraq
Iraq
Iraq ; officially the Republic of Iraq is a country in Western Asia spanning most of the northwestern end of the Zagros mountain range, the eastern part of the Syrian Desert and the northern part of the Arabian Desert....
, and India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
. The company's product portfolio grew to encompass cars
CARS
Cars, or automobiles, motor cars, are wheeled motor vehicles used for transporting passengers.Cars or CARS may also refer to:-Entertainment:* Cars , a Disney/Pixar film series...
, timber
Timber
Timber may refer to:* Timber, a term common in the United Kingdom and Australia for wood materials * Timber, Oregon, an unincorporated community in the U.S...
, foodstuff, and electronics
Electronics
Electronics is the branch of science, engineering and technology that deals with electrical circuits involving active electrical components such as vacuum tubes, transistors, diodes and integrated circuits, and associated passive interconnection technologies...
.
After Yousif bin Abdulrahman's death in 1952, Abdulla bin Yousif and his brothers jointly controlled the family business. Abdulla later acquired most of the businesses from his brothers and, with the help of his sons, embarked on an ambitious growth strategy to take the group to where it is today, with interests in automotive products and services, restaurants, shipping logistics, insurance, and technology.
Although the group currently consists of 14 individual companies, it is actively adding divisions and evaluating new initiatives in the Persian Gulf
Persian Gulf
The Persian Gulf, in Southwest Asia, is an extension of the Indian Ocean located between Iran and the Arabian Peninsula.The Persian Gulf was the focus of the 1980–1988 Iran-Iraq War, in which each side attacked the other's oil tankers...
. The company currently operates in Bahrain, Qatar, and Dubai, and is in the process of expanding into Abu Dhabi and Kuwait.
Operations
Today, the group's operations include automotive and industrialIndustry
Industry refers to the production of an economic good or service within an economy.-Industrial sectors:There are four key industrial economic sectors: the primary sector, largely raw material extraction industries such as mining and farming; the secondary sector, involving refining, construction,...
products, technology
Technology
Technology is the making, usage, and knowledge of tools, machines, techniques, crafts, systems or methods of organization in order to solve a problem or perform a specific function. It can also refer to the collection of such tools, machinery, and procedures. The word technology comes ;...
, restaurants, shipping
Shipping
Shipping has multiple meanings. It can be a physical process of transporting commodities and merchandise goods and cargo, by land, air, and sea. It also can describe the movement of objects by ship.Land or "ground" shipping can be by train or by truck...
, insurance
Insurance
In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the...
, transport
Transport
Transport or transportation is the movement of people, cattle, animals and goods from one location to another. Modes of transport include air, rail, road, water, cable, pipeline, and space. The field can be divided into infrastructure, vehicles, and operations...
, and agencies
Agency (law)
The law of agency is an area of commercial law dealing with a contractual or quasi-contractual, or non-contractual set of relationships when a person, called the agent, is authorized to act on behalf of another to create a legal relationship with a third party...
.
Divisions
- Abdulla Yousif Fakhro and Sons
- Fakhro Electronics
- Fakhro Communications
- Access W.L.L.
- ATCOM (UAE)
- GAC Bahrain
- Fakhro Restaurants Company
- Fakhro Transport
- Fakhro Commercial Services
- Fakhro Insurance Services
- Go International
- CompuMe Bahrain
- Fakhro Contracting
- Fakhro Motors
Agencies
- McDonalds
- Sony EricssonSony EricssonSony Ericsson Mobile Communications AB is a joint venture established on October 1, 2001 by the Japanese consumer electronics company Sony Corporation and the Swedish telecommunications company Ericsson to manufacture mobile phones....
- AvayaAvayaAvaya Inc. is a privately held computer networking, information technology and telecommunications company that is a global provider of business communications systems. The international head quarters is in Basking Ridge, New Jersey, United States...
- Dunlop TyresDunlop TyresDunlop Tyres is a British company owned 75% by Goodyear Tire and Rubber Company and 25% by Sumitomo Rubber Industries, which bought the right to sell Dunlop-branded road tyres....
- MobilMobilMobil, previously known as the Socony-Vacuum Oil Company, was a major American oil company which merged with Exxon in 1999 to form ExxonMobil. Today Mobil continues as a major brand name within the combined company, as well as still being a gas station sometimes paired with their own store or On...
- Budget Rent a CarBudget Rent a CarBudget Rent a Car System, Inc. is an American car rental company that was founded in 1958 in Los Angeles, California by Morris Mirkin. Budget's operations are headquartered in Parsippany-Troy Hills Township, New Jersey....
- AIGAIGAIG is American International Group, a major American insurance corporation.AIG may also refer to:* And-inverter graph, a concept in computer theory* Answers in Genesis, a creationist organization in the U.S.* Arta Industrial Group in Iran...
- GAC LogisticsGAC LogisticsGAC Logistics is the freight forwarding arm of GAC . Headquartered in Dubai in the Middle East the company employs 8,000 people worldwide and has over 300 offices worldwide, in more than 1,000 locations around the globe...