User:Nourabx/جواد بوخمسين

Jawad Ahmad Bukhamseen is a Kuwaiti businessman with many businesses and properties. His businesses include: Arabian Food Co., Ruby Tuesday's Restaurants, Annahar Newspaper (Kuwait), Dana magazine, Arabian Beverage Company (ABC). His fortune, estimated at approximately $6.8 billion, made him the fifth richest person in Kuwait, and one of the most important real estate developers in it.

Early Life
Jawad Bukhamseen was born in 1941 in Al-Ahsa, Saudi Arabia. He is a graduate of the Institute of Commercial and Administrative Studies in 1962. In an interview with the announcer Fatima Al-Dhawi of Al-Arabiya channel, he said that he started in the field of finance and business at an early age that prevented him from completing his university studies.

Fortune
The real estate sector was his gateway to building his wealth. During a career that lasted more than half a century, he established more than 600 real estate projects in Kuwait and abroad.

He started his activities in the field of finance and business more than half a century ago and is now one of the largest businessmen in Kuwait. Under the umbrella of his corporations are more than 360 companies operating in more than 13 sectors. His companies employ about 5,000 employees.

He was included in Arab Business 2013's list of the richest Arabs, with a fortune of $6.8 billion, which made him one of the most influential traders in the financial and business sector in his country.

He believes that the secret of maintaining the growth of his wealth is reduced to an old Kuwaiti proverb that says: “Keeping your eye is on your work is your medicine,” meaning that no matter how rich he is, he will continue to follow his daily work with all the details in order to preserve and develop it according to his father’s wishes, which are not to harm anyone and to be honest in his trade.

In his prime, Jawad Bukhamseen was forced to study at night and work during the day, but since his first year at work, he managed to collect 15,000 dinars, so he bought a small shop to sell blankets and sheets in the old Al-Mubarakiya market, in the center of the capital, Kuwait, in 1958 for a value of 5,500 dinars.

About this time, the Kuwaiti billionaire says: Everything was easy in the beginning, the country was at the beginning of its rise and people love good for each other, and the secret to achieving success lies in the desire and ambition to prove existence.

Kuwait Financial Crisis
When the biggest financial crisis started in Kuwait, Jawad Bukhamseen found himself a savior when officials in his country contacted him asking for his advice in developing a solution with the economists in order to confront the current crisis, a debt crisis that had accumulated and was estimated in the eighties at about $97 billion from bad checks deposited to buy shares in the Kuwaiti Stock Exchange at that time.

Bukhamseen says that he had warned of the crisis before its occurrence. Indeed, he and Kuwaiti merchants had drawn up a plan to solve the crisis. This was the biggest financial crisis in Kuwait's history which was followed by the Iraqi invasion, which proved a heavier burden on the country's economy.

Also view

 * اAnnahar Newspaper (Kuwait)