Yusuf Bin Ahmed Kanoo Group

{{Use dmy dates|date=November 2019}}

{{Infobox company

| name = Yusuf Bin Ahmed Kanoo Group
يوسف بن أحمد كانو

| logo = YUSUF BIN AHMED KANOO LOGO.png

| type = Private

| foundation = {{start date and age|1890}}

| location = Manama, Bahrain

| key_people = Khalid Mohammed Kanoo
(Group Chairman)
Fawzi Ahmed Kanoo
(Deputy Chairman)
Maarten Geeraerts (Group Chief Executive Officer)

| divisions = Kanoo Capital, Industrial & Energy, Kanoo Travel, Shipping & Logistics, and Real Estate

| industry =

| homepage = http://www.kanoo.com

}}

The Yusuf Bin Ahmed Kanoo Group (also known as: YBA Kanoo Group) is a privately held business conglomerate established in 1890.{{Cite news|url=http://www.kanoo.com/about-us/history/|title=History Timeline - YBA Kanoo|work=YBA Kanoo|access-date=2018-04-05|language=en-GB}} It is one of the largest family-owned multinationals{{Cite news|url=https://arabiangazette.com/quest-corporate-governance-gcc-family-firms-20130216/|title=The Quest for Corporate Governance in GCC Family Firms - arabiangazette.com|date=2013-02-16|work=Arabian Gazette|access-date=2018-04-05|language=en-US}} in the Middle East, with complementary businesses and strategic partnerships. It has a physical presence across the Middle East, North Africa, Europe and Asia, and a 4,000-strong workforce, covering a broad range of sectors. Its business groups include: Kanoo Capital, Industrial & Energy, Travel, Shipping & Logistics and Real Estate.{{Cite web|url=http://www.kanoo.com|title=The Yusuf Bin Ahmed Kanoo Group of Companies - YBA Kanoo|website=YBA Kanoo|language=en-GB|access-date=2018-04-05}}

History

Established in the Kingdom of Bahrain in 1890 by Haji Yusuf bin Ahmed Kanoo as a small family trading and shipping business, the YBA Kanoo Group evolved into a diversified conglomerate that provides a broad range of products and services. YBA Kanoo has wholly owned activities across the Persian Gulf, in Bahrain, Saudi Arabia, UAE (as The Kanoo Group), Oman, and Qatar, and expanding beyond the region to cover Egypt, South Africa, UK, France and India. It is a trusted trading name in the region, and cited by Bahrain's King Hamad bin Isa Al Khalifa as a key contributor to economic growth and development.{{Cite web|url=http://www.bna.bh/portal/en/news/826574|title=Bahrain News Agency {{!}} HM King offers condolences to Kanoo family|website=www.bna.bh|access-date=2018-04-05}}

Business Groups

Kanoo Group consists of the following business groups:

= Kanoo Capital =

Kanoo Capital manages the group's investments, providing high inflation-adjusted returns to support both the current and long-term needs of the Group. Its investment approach is a hybrid model of direct securities trading and long-term investment, which seeks appropriate risk-adjusted asset allocation.{{Citation needed|date=May 2018}}

= Industrial & Energy =

YBA Kanoo's largest division is Industrial & Energy, which was restructured in 2018{{Cite web|url=http://www.tradearabia.com/news/CONS_335988.html|title=YBA Kanoo to unveil key products at Gulf Industry Fair|website=www.tradearabia.com|access-date=2018-04-05}} to transform from being a sector-focused business and streamlining into five business units groups. The units are: Small to Medium Engineering, Procurement and Construction (EPC), Fabrication & Construction, Operations & Maintenance, Plant & Machinery and Drilling & Chemicals. It represents leading global brands such as Grove, Manitowoc, Hyster, Perkins and Bobcat. Its client base includes Saudi Aramco, SABIC, Ma’aden, Abu Dhabi National Oil Company (ADNOC), and BAPCO. The division has more than 15 branches across Saudi Arabia, UAE, Bahrain, Oman and Qatar.

= Kanoo Travel =

Kanoo Travel launched in the late 1930s, and was the first IATA member agency in the GCC. It has since grown to become the largest travel company in the Middle East, with over 900 employees across the region, operating a network of 70 IATA locations.{{Cite web |url= http://aetoswire.com/news/kanoo-travel-bolsters-middle-east-presence-with-best-in-class-travel-solutions/en |title= Kanoo Travel bolsters Middle East presence with Best-In-Class Travel Solutions {{!}} Aetoswire |website= aetoswire.com |access-date= 2018-06-04}}

It has established partnerships in Saudi Arabia, Bahrain, the UAE, Qatar, Oman, Egypt, Lebanon, the United Kingdom and France. YBA Kanoo's Travel division specialises in corporate travel, Meetings, Incentives, Conferences, and Events (MICE), leisure and holiday travel, airline representation and marine travel.

Kanoo Travel represents American Express in Bahrain and Saudi Arabia, with which it has a master franchise agreement covering the Levant, North Africa, the GCC, Iraq, and the CIS countries.{{Cite web|url=http://www.kanootravel.com/Bahrain/Aboutus.aspx|title=About Us|website=www.kanootravel.com|language=en|access-date=2018-06-04}}

= Shipping and logistics =

== Kanoo Shipping ==

Kanoo Shipping operates in 20 countries. It now assists over 17,000 ships calls a year through a network that covers all ports from the Suez Canal to Sri Lanka and East/South Africa.{{Citation needed|date=May 2018}}

In addition to its offices and joint ventures in the Arabian Peninsula, Egypt, and South Africa, the Company's regional network operates through partnerships in Jordan, Lebanon, Pakistan, India, Sri Lanka, Seychelles, Kenya, Tanzania, and Mozambique.{{Cite web|url=http://www.kanooshipping.com/where_we_are.html|title=:: Kanoo Shipping ::|website=www.kanooshipping.com|access-date=2018-06-04}}

== Kanoo Logistics ==

Kanoo Logistics is one of the largest logistics companies in the region. The division has a presence throughout the GCC, and facilities in Saudi Arabia, Bahrain, the UAE (Dubai, Jebel Ali and Abu Dhabi), Oman, and Qatar.{{Citation needed|date=May 2018}}

= Real Estate =

Real Estate's portfolio covers a range of diversified properties in locations that include residential, commercial, and industrial real estate across Bahrain, Saudi Arabia, and the UAE. The division's core lines of business include project development, project management, asset management, and facilities management.{{Cite news|url=http://www.kanoo.com/business-divisions/real-estate/|title=Real Estate - YBA Kanoo|work=YBA Kanoo|access-date=2018-06-04|language=en-GB}}

References