Y K Almoayyed and Sons: A Diversified Business Group and Leading Family Business in Bahrain

Mona Almoayyed, Managing Director of Y. K. Almoayyed & Sons, explains what are the competitive advantages of the Group.

“Our biggest advantage is that we are a very old conglomerate. We were established in 1940 by my late father. As of today, we have 7,000 employees in the whole Group. We are a very diversified company. We are into construction with National Concrete, retail where we do automobile, electronics, sanitary wares, fire and safety systems, etc. Our biggest advantage is that we are a very established company so we have no problem with liquidity. We rarely borrow from the banks; we just work with our own money. We are a family business and the biggest advantage of that is we do not look at the profit at the end of the year; rather, we look at the long term profit of the company. With public companies, you find that they just need to show to the shareholders that they are making big profit. But with us, we do not have to worry about shareholders. We are all family members. Some years it is bad and some years it is good. The good years cover for the bad years”, says Mona Almoayyed.

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