Mohannad Al Kharafi Net Worth is$1.2 Billion
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Mohannad Al-Kharafi net worth: Mohannad Al-Kharafi is a Kuwaiti billionaire who has a net worth of $1.2 billion. Mohannad Al-Kharafi was born to the famously affluent Kharafi family. Mohannad Al Kharafi is one of the seven siblings who inherited a stake in the Kharafi Group from their father Mohammed. The group, one of the Middle East's biggest holding companies, was mainly led by Nassar, Mohannad's elder brother, who ran the business until his death of a heart attack in April 2011. Ever since, Mohannad's brother Fawzi has taken the charge of the company with shares in numerous Kuwaiti companies, such as National Bank of Kuwait and telecommunication company Zain. Furthermore, its US chain operates several food joints across the Middle East, among which are Hardee's, and Krispy Kreme. As of March 2013, Mohannad Al-Kharafi and his brothers Fawzi and Jassim are said to be the richest people in Kuwait.

Mohannad Al Kharafi Latest News

Video generates 50% of revenues for Zain Saudi Arabia

Mohannad Al-Kharafi, chairman of the board of directors, said: "The company’s performance in the first half has been satisfactory given the various operational and forex challenges we face across our footprint." The company said in its half-yearly ...
Posted: August 7, 2017, 6:10 pm

Al-Kharafi group appoints new Chairman

Fawzi Al-Kharafi had previously served as deputy chairman. That role will now be taken over by Mohannad Mohamed Al-Kharafi, who was appointed as deputy chairman yesterday. All other positions at the group remain as they were, reflecting the depth and ...
Posted: May 31, 2015, 1:41 pm

Zain Group Records Net Income of $270 Million for H1 2017

This follows the announcement earlier in the year that Zain and iflix had formed a joint venture entity named ‘iflix Arabia’ Commenting on the results, the Chairman of the Board of Directors of Zain Group, Mohannad Al-Kharafi said, “The company’s ...
Posted: August 7, 2017, 4:25 am

Kuwait's Al Kharafi Group appoints new chairman

Talks over a multi-billion-dollar deal fell away earlier this year. Al Kharafi Group also appointed Mohannad Mohamed al-Kharafi as deputy chairman, director at the company Bader al-Kharafi told Reuters on Sunday. Loay al-Kharafi, a board member ...
Posted: May 31, 2015, 7:12 am

Zain Group Records Stable Net Income of KD 82 Million (USD 270 Million) for the First Six Months of 2017

This follows the announcement earlier in the year that Zain and iflix had formed a joint venture entity named ‘iflix Arabia’ Commenting on the results, the Chairman of the Board of Directors of Zain Group, Mr. Mohannad Al-Kharafi said, "The company’s ...
Posted: August 11, 2017, 6:14 pm
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