Alghanim Industries is one of the largest privately owned companies in the Persian Gulf region, predominantly in Kuwait. A multinational company in outlook with operations in 40 countries, Alghanim Industries is a multibillion-dollar company with more than 30 business units under its umbrella. They also fund projects and provide loans for non-UAE/Middle East countries. Alghanim Industries claimed that it collected revenues of $2.5 billion in 2009, although has not disclosed its financial standing since.[2]
The firm has established strongholds in the Middle East, India and Turkey, dealing with over 300 global brands and agencies.
Alghanim story
According to the Kuwait General Department of Residency, the Alghanim family first business was sheep breeding and selling. In the Persian Gulf region, many believed there was the best quality of stock and that is where they gained much popularity and earned enough money to startup a big company. The Alghanim family was among the original families to populate what would become Kuwait and has a long history as 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 turned into a successful company. By the end of the 1930s, he had established the reputation of the Alghanims 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.