Ahmad Hamad Al Gosaibi & Brothers
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Ahmad Hamad Al Gosaibi & Brothers (A. H. Al Gosaibi & Bros. or AHAB or Al Gosaibi Group), a large diversified family owned Saudi business group, was formed by Hamad Ahmad Al Gosaibi in the late 1940s as a trading company offering money exchange services in the growing coastal town of Al Khobar. His three sons, Ahmad, Abdul Aziz and Sulaiman (all three are deceased), expanded the operation to include real estate, among the world's most lucrative Pepsi Cola bottling franchises, oilfield services for oil giant Aramco, and investments in banking, insurance, shipping, stevedoring, trading, finance, and manufacturing, reorganizing it into a holding company and, in the process, built it into among the most respected business houses in the Middle East.[citation needed]
The Al Gosaibi Group's Board of Directors consist of Yousef Ahmad Al Gosaibi (Chairman), Abdul Mohsin Ahmad Al Gosaibi, Saud Abdul Aziz Al Gosaibi (Managing Director), Walid Khalid Ahmad Al Gosaibi, Dawood Sulaiman Al Gosaibi and the family's long time Palestinian associate and Group Senior Vice President, Mohammed Salem Hindi.
AHAB is a general partnership, owned by the heirs of the three founding Al Gosaibi brothers. The largest individual shareholder is Dawood Sulaiman Al Gosaibi whose proxy also represents the equity held by his mother and two sisters. Together they own one third of AHAB's shareholding value, inherited in February 2009 by the death of their father, Sulaiman the youngest of the three founding brothers. The other two founders, Ahmad and Abdulaziz, each owners of one third of AHAB, had died earlier, and their equity had been transferred to Ahmad's six children and their heirs and Abdul Aziz's wife and his seven children.
AHAB investments include vast real estate holdings, the National Bottling Company (KSA),which bottles Pepsico beverages in Saudi Arabia's Eastern Province, the Al Gosaibi Hotel, and, shipping, trading and manufacturing ventures. The Al Gosaibi Group have corporate partnerships with Jotun, Crown Holdings, Olayan Holdings, British Petroleum, in manufacturing operations throughout the Middle East. Their trading activities, which includes a major parts supplier to oil giant, Saudi Aramco, represent companies as diverse as Sumitomo of Japan, Jeumont of France, Mirrlees Blackstone of the United Kingdom, and the Canadian based ShawCor.
[edit] See also
- Al Gosaibi family
Dawood Algosaibis has sevral friedns among those one of his very close friend is Mr Talat Sharif Khaja (Tony)basickly pakistani national born in Khobar city married a Saudi family from Medina.
