Kharafi Group chairman Nasser Al-Kharafi dies

The billionaire chairman of the Kuwaiti conglomerate Kharafi Group, a major shareholder in telco Zain, has died in Cairo from a heart attack.Nasser Al-Kharafi headed the Kuwaiti family-owned firm which had stakes in several listed firms in the Gulf state. Nasser Al-Kharafi, aged 67, was ranked 77th in the 2011 Forbes list of richest people in the world and was estimated to be worth $10.4 billion.

His empire spanned sectors including construction, manufacturing and retail and had investments in Kuwait’s leading financial institutions and listed firms. Nasser Al-Kharafi was on the lender’s board and the group had a stake in the National Bank of Kuwait.

Posted by : DPR                                      Source: Indiansinkuwait

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