Nasser Al-Kharafi

Nasser Al-Kharafi

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Nasser Al-Kharafi

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Nasser Al-Kharafi () (17 June 1943 – 17 April 2011) was a Kuwaiti 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.

Family

His older brother, Jassim who attended Victoria College Alexandria with his younger brother Nasser, is the speaker of Kuwait parliament. His sister, Faiza, was rector of Kuwait University.

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...
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