Alghanim Industries  
 
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History

 
From modest beginnings to a multi-national company.


The Alghanim family has a long and successful history as commercial merchants in the region, dating back to the 1800s. In 1932, Yusuf Ahmed Alghanim returned to Kuwait from his studies abroad and took over one of his father’s businesses, which he subsequently built into a successful company. By the end of the 1930’s, he had established the reputation of Alghanim throughout the Middle East and was employing a labor force of more than 4,000 people.

Under the guidance of Yusuf, the organization grew and diversified over the next forty years, further building the company's reputation for excellence, throughout the Middle East. One of the major developments in its growth was its association with General Motors (GM), which introduced American-made vehicles to Kuwait. It is now one of the largest GM agencies in the world. During this period, the group became known as Yusuf Ahmed Alghanim & Sons.

In the early 1970’s, the organization implemented an international management structure and decentralized its decision-making processes. The company was positioned as a diversified multi-national corporation, well-placed for continued success locally and abroad. In the late seventies and the early eighties, the holding company became known as 'Alghanim Industries', with several business units and brands operating under its umbrella. During this period, Alghanim Industries became associated with some of the world's leading brands including Hitachi, British Airways, Phillips, Kirby Building Systems and Frigidaire.

Throughout the 1990's and following the second Gulf War in 2003, Alghanim Industries remained true to the entrepreneurial spirit instilled by Yusuf Alghanim. During this period, the company formed marketing collaborations and strategic alliances with corporate giants such as Xerox, Whirlpool, Haier, Lofra and American Express. It continued creating innovative new opportunities to open markets within the GCC and expand operations globally.

With Yusuf’s grandson, Omar K. Alghanim, joining the management ranks of the company in 2002, Alghanim Industries embarked on a new period of development and growth while continuing to encourage and support existing profitable activities.

Today, Alghanim Industries is on the brink of major expansion.  Its expansion is part of the journey to achieving Alghanim’s vision of becoming the most successful and admired company in the region.