Nasser Al-Kharafi
Encyclopedia
Nasser Al-Kharafi (17 June 1943 – 17 April 2011) was a Kuwait
i businessman of M.A. Kharafi & Sons. His company has performed $4.3 billion in sales. His net worth increased because of rising share prices of several holdings including Mobile Telecommunications Co., National Bank of Kuwait
and Americana
, operator of U.S. fast food chains. Al Kharafi was also linked to many other chains such as Pizza Hut, Kentucky Fried Chicken, TGI Friday's, Hardees and thousands of others. He also held a major stake in one of the biggest telecom companies in the Middle East and Africa, Zain. His conglomerate business spread from engineering, construction, maintenance to other services related to spheres as diverse as oil,water resources and management, chemicals, power and energy and food. This immense empire did not cease to stop in Kuwait; Kharafi had his businesses and franchies spread over nearly 11 countries, including Egypt, South Africa and Syria. The billionaire had a keen interest in Egypt, where the Al Kharafi group built the port Ghalib International Marina.
who attended Victoria College Alexandria with his younger brother Nasser, is the speaker
of Kuwait parliament
. His sister, Faiza, was rector
of Kuwait University
.
In January 2009 he was linked to a takeover bid for Liverpool F.C.
, Egypt
, on 17 April 2011 in a hotel room from a cardiac arrest
. He was not only mourned by relatives and close friends, but thousands of Kuwaiti MPs, Politicians and businessmen along with many other international well known profiles.
Kuwait
The State of Kuwait is a sovereign Arab state situated in the north-east of the Arabian Peninsula in Western Asia. It is bordered by Saudi Arabia to the south at Khafji, and Iraq to the north at Basra. It lies on the north-western shore of the Persian Gulf. The name Kuwait is derived from the...
i businessman of M.A. Kharafi & Sons. His company has performed $4.3 billion in sales. His net worth increased because of rising share prices of several holdings including Mobile Telecommunications Co., National Bank of Kuwait
National Bank of Kuwait
-The National Bank of Kuwait:The National Bank of Kuwait was incorporated in 1952 as the first local bank and the first shareholding company in Kuwait and the Gulf region. Over the years, NBK has maintained its position as the leading bank in Kuwait and built a well-established banking franchise...
and Americana
Americana Group
Since its inception in Kuwait back in 1964, Americana Group has grown into one of the largest and most successful corporations in the Middle East and North Africa region...
, operator of U.S. fast food chains. Al Kharafi was also linked to many other chains such as Pizza Hut, Kentucky Fried Chicken, TGI Friday's, Hardees and thousands of others. He also held a major stake in one of the biggest telecom companies in the Middle East and Africa, Zain. His conglomerate business spread from engineering, construction, maintenance to other services related to spheres as diverse as oil,water resources and management, chemicals, power and energy and food. This immense empire did not cease to stop in Kuwait; Kharafi had his businesses and franchies spread over nearly 11 countries, including Egypt, South Africa and Syria. The billionaire had a keen interest in Egypt, where the Al Kharafi group built the port Ghalib International Marina.
Family
His older brother, JassimJassem Al-Kharafi
Jassem Al-Kharafi, , born in 1940, has been speaker of the Kuwaiti National Assembly since 1999. Al-Kharafi studied Business Administration at the Manchester Trade Faculty in Kuwait and was director of M. A. Kharafi & Sons before being elected to the National Assembly in 1975. He affiliates with...
who attended Victoria College Alexandria with his younger brother Nasser, is the speaker
Speaker (politics)
The term speaker is a title often given to the presiding officer of a deliberative assembly, especially a legislative body. The speaker's official role is to moderate debate, make rulings on procedure, announce the results of votes, and the like. The speaker decides who may speak and has the...
of Kuwait parliament
National Assembly of Kuwait
The National Assembly of Kuwait, known as the Majlis Al-Umma , is the legislature of Kuwait. The current speaker of the Assembly is Jassem Al-Kharafi. The Emir unconstitutionally dissolved the National Assembly in 1986 and restored it after the Gulf War in 1992...
. His sister, Faiza, was rector
Rector
The word rector has a number of different meanings; it is widely used to refer to an academic, religious or political administrator...
of Kuwait University
Kuwait University
Kuwait University was established in October 1966, five years after Kuwait's independence from British Colonization. KU started with only two faculties, namely the Faculty of Science, Arts and Education; and a Women's College. The university had 418 students enrolled and 31 faculty members. By ,...
.
Financial status
Nasser has construction contracts in more than 30 countries worldwide. His net worth was $10.4 billion as of 2011 and he was considered the 77th richest man in the world.In January 2009 he was linked to a takeover bid for Liverpool F.C.
Liverpool F.C.
Liverpool Football Club is an English Premier League football club based in Liverpool, Merseyside. Liverpool has won eighteen League titles, second most in English football, seven FA Cups and a record seven League Cups...
Death
Nasser died in CairoCairo
Cairo , is the capital of Egypt and the largest city in the Arab world and Africa, and the 16th largest metropolitan area in the world. Nicknamed "The City of a Thousand Minarets" for its preponderance of Islamic architecture, Cairo has long been a centre of the region's political and cultural life...
, Egypt
Egypt
Egypt , officially the Arab Republic of Egypt, Arabic: , is a country mainly in North Africa, with the Sinai Peninsula forming a land bridge in Southwest Asia. Egypt is thus a transcontinental country, and a major power in Africa, the Mediterranean Basin, the Middle East and the Muslim world...
, on 17 April 2011 in a hotel room from a cardiac arrest
Cardiac arrest
Cardiac arrest, is the cessation of normal circulation of the blood due to failure of the heart to contract effectively...
. He was not only mourned by relatives and close friends, but thousands of Kuwaiti MPs, Politicians and businessmen along with many other international well known profiles.