Ahmad Hamad Al Gosaibi & Brothers

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.

The Al Gosaibi Group's Board of Directors consist of Yousef Ahmad Al Gosaibi (Chairman), Dawood Suleiman Hamad Al Gosaibi (Vice Chairman) Abdul Mohsin Ahmad Al Gosaibi, Samah Abdul Aziz Hamad Al Gosaibi, and Walid Khalid Ahmad Al Gosaibi.[1]

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 Al Gosaibi Hotel, CaliBurger, Popeyes, Vanellis and, shipping, trading and manufacturing ventures. The Al Gosaibi Group have corporate partnerships with Jotun, Crown Holdings, in manufacturing operations throughout the Middle East. Their part past trading activities included being the major parts supplier to oil giant, Saudi Aramco, and currently representing companies as diverse as Jeumont of France.

See also

References

  1. ↑ "Board of Directors".

External links

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