Manama, Bahrain:

Yusuf Bin Ahmed Kanoo (Holdings) WLL (“YBA Kanoo Group”), one of the largest, independent family-owned multinational businesses in the Middle East, announced today the appointment of its new Group Chairman, Mr Khalid Mohamed Kanoo.

The Board of Directors in a joint statement said: “YBA Kanoo Group Board of Directors are grateful for the lessons taught by our late Group Chairman, Mr. Mubarak Kanoo.  As a family, we strive to continue to build upon his legacy in making our company one of the most respected and largest family-owned businesses in the Middle East.”

“Mr. Khalid Kanoo’s appointment is a clear reflection of the company’s future aspirations to be ready to take on our Vision 2020 program.  Mr. Khalid M. Kanoo has been supporting the group in Bahrain, the GCC and globally for many years as a known and trusted leader both within the Group and the wider business community. He brings a wealth of knowledge, experience and dedication to the role and we know that his strong focus on compliance, transparency, governance and fairness will continue to serve our business well.  We couldn’t be happier with Mr. Khalid M. Kanoo taking the Chairmanship of our Board and helping our family, management and customers achieve continued success.”. The Board of Directors statement concluded.

Commenting on the announcement, Mr Khalid Mohamed Kanoo, Chairman of YBA Kanoo Group stated: “I am honoured and humbled to take the torch and continue to grow and nurture our family and businesses through sustainable strategies and sound leadership.  Succeeding great fore-fathers starting with the founder Haji Yusuf bin Ahmed Kanoo and down to generations of extraordinary leaders who led the way through more than 128 years of successful entrepreneurship is both an exciting challenge and responsibility and I look forward to working with everyone in our family, our communities and business partners to bring further growth and success”.

Mr. Khalid Mohammed Kanoo has a wealth of knowledge and experience, where he held many positions and executive roles within and outside the group, as well as in many boards of directors and government agencies. He is the founder and president of the Bahrain Family Business Association. He is also a Board Member of several banks and investment houses, and chairs the Board of Trustees of the Yusuf Bin Ahmed Kanoo Award amongst many other leadership roles.

Mr Khalid is also a published author with two books, the first entitled "House of Kanoo" and the second "Bahrain Chamber of Commerce and Industry and the future challenges of the chambers of the Gulf Cooperation Council countries." He has written many articles on family businesses, lectured and arranged several conferences and seminars on this subject in several countries from within the region and beyond. Khalid Mohammed Kanoo is also a visual artist with many participations in the Kingdom of Bahrain.

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About Yusuf bin Ahmed Kanoo Group:

YBA Kanoo is one of the largest, independent family-owned multinational businesses in the Middle East with an extensive portfolio of complementary business units and strategic partnerships across a range of industry sectors.  Established in 1890 as a family trading and shipping business in the Kingdom of Bahrain, the Company has evolved into a diversified conglomerate with a physical presence across the Middle East, North Africa, Europe and Asia.

YBA Kanoo is a key contributor to the region’s economic growth and development supported by over 128 years of experience, ethical conduct, best-in-class partnerships, advanced business systems and cutting-edge technologies.  It has established itself as a first-choice partner for regional & international businesses and continues to pursue commercial growth and expansion through the constant delivery of business excellence.

YBA Kanoo’s business activities include shipping, travel, machinery, chemicals, logistics, property, energy, technology and retail, to name a few.

 

For Media Enquiries Contact:

Mr. Hussain Rasool

Tel:   +973 17220835

Fax:  +973 17229122

Email: Hussain.rasool@kanoo.com 

www.kanoo.com  

© Press Release 2018