Kutayba Alghanim Net Worth is$1.2 Billion
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Kutayba Alghanim net worth: Kutayba Alghanim is a Kuwaiti billionaire who has a net worth of $1.2 billion. Together with his brother Bassam, Kutayba Alghanim has inherited the family holding company, Alghanim Industries and a stake in Gulf Bank. However, since the Alghanim siblings couldn't agree over the family's wealth division, their feud ended with a court suit. The dispute reached its culmination when Kutayba's son Omar, a Harvard MBA graduate, took over the reigns of the family holding company, which, among other things, sells General Motors vehicles. While a US judge put the case on hold, pending arbitration in Kuwait, a UK judge found Kutayba and his son liable for hacking into Bassam Alghanim's email. Either way, Bassam has reportedly withdrawn from the family holding company.
Alghanim Industries is one of the largest privately owned companies in the Gulf region, predominantly in Kuwait. A multinational company in outlook with operations in 40 countries, Alghanim Industries is a multi-billion dollar conglomerate with more than 30 businesses.
The firm has established strongholds in the Middle East, India and Turkey, dealing with over 300 global brands and agencies. Right now, however, Harvard-educated Omar Alghanim has his eyes set firmly on expansion into the East.
The Alghanim family was among the original families to populate what would become Kuwait, and has a long history as commercial merchants in the region.
In 1932, Yusuf Ahmed Alghanim returned to Kuwait from his studies abroad and took over his father's business which he built into a successful company. By the end of the 1930s, he had established the reputation of Alghanim throughout the Middle East and was employing a labour force of more than 4000 people. Under the guidance of Yusuf, the organisation grew and diversified over the next 40 years which further entrenched the Alghanim name across the Middle East.
One of the key steps in this expansion was an association with General Motors (GM) to introduce American-made vehicles in Kuwait - the genesis of what is today one of the largest GM agencies in the world. During this period, the group became known as Yusuf Ahmed Alghanim & Sons.
From the early 1970s, Yusuf's son, Bassam, led the organisation and installed a western-style management structure and decentralised decision-making processes. They positioned the company as a diversified multinational corporation, well-placed for continued success locally and abroad. In the late 1970s and the early 1980s, the holding company became known as Alghanim Industries with several business units and brands operating under its umbrella. Some of the leading brands that Alghanim associated with include Hitachi, British Airways, Philips, Kirby Building Systems, and Frigidaire.<

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Kutayba Alghanim Latest News

Alghanim Industries to open Kuwait's first Wendy's

“Our first location in Kuwait – and our broader expansion plans – should be taken as a sign of our commitment to bringing Wendy’s to as many people in Kuwait and across the region as possible,” said Omar Kutayba Alghanim, CEO, Alghanim Industrie
Posted: October 11, 2016, 10:38 pm

Kuwait's Alghanim eyes Asia industry acquisitions

Omar Kutayba Alghanim said the company, with annual turnover of $2.5 billion, saw opportunities for long-term investments in Asia after asset prices fell during the global financial crisis. Al Ghanim operates in sectors including construction materials ...
Posted: May 15, 2009, 5:00 pm

Biography of Omar Kutayba Alghanim

Sorry, but Omar Kutayba Alghanim cannot be contacted yet through our email service. Please use our Premium/VIP service to join colleagues of Omar Kutayba Alghanim listed below. Here are a few tips for establishing great contacts. In the Banking industry ...
Posted: February 5, 2017, 4:00 pm

Wendy’s inks deal for more restaurants across Middle East, North Africa

"Our presence in 40 countries across multiple industries equips us with the reach and the know-how to develop Wendy's in the region successfully," CEO Omar Kutayba Alghanim said in a press release. The $2.5 billion Wendy's (NYSE:WEN), with 400 restaurants ...
Posted: February 18, 2015, 2:38 am

Gulf Bank Records an Increase of 10% in Net Profit for H1 2017

Commenting on the results, Mr. Omar Kutayba Alghanim, Gulf Bank Chairman, said:” We are pleased with our Bank’s solid performance for the first half of 2017. This has reflected positively on the earnings per share as it grew by 10% to 8 fils per share ...
Posted: July 18, 2017, 2:24 am
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