Meet Khaled Juffali: Chairman of EA Juffali and Brothers
The Al Juffali family, headed by chairman Khaled Juffali, represents one of the wealthiest and most influential dynasties in Saudi Arabia. Khaled Juffali, born in January 1958, has his life intertwined with business success, philanthropy, and a commitment to carrying forward his family’s legacy. Together with his wife, Olfat, they are the proud parents of four children, continuing the Al Juffali legacy into the next generation.
Key Takeaways:
- Khaled Juffali is the chairman of EA Juffali and Brothers, the largest privately owned company in Saudi Arabia.
- The Al Juffali Group, founded by Khaled’s father and uncles, operates in various sectors, including automotive, chemicals, air conditioning, insurance services, and technology.
- Khaled owns the Kolaha Yacht, contributing to the family’s impressive collection of luxury yachts.
- The Al Juffali family is worth an estimated $24 billion and is known for its philanthropic efforts through the Tarek Ahmad Al-Juffali Foundation.
Understanding the Al Juffali Business Empire
The Juffali family’s substantial business portfolio, the Al Juffali Group, was brought to life in 1946 by His Highness Sheikh Ahmed bin Abdullah Al-Juffali, and his brothers, Ebrahim and Ali Al Juffali. Today, the Al Juffali Group stands as one of Saudi Arabia‘s most substantial privately-owned entities.
A Key Player in Saudi Arabia’s Automotive Industry
Among the Al Juffali Group’s prominent undertakings is their exclusive distribution rights for Mercedes-Benz passenger cars in Saudi Arabia. Their business interests are far-ranging, with ventures into chemicals, technology, insurance services, and air conditioning. A particular highlight is their market leadership in Saudi Arabia’s air conditioning industry, representing renowned brands like Carrier. With over 7,000 employees, the Al Juffali company plays a significant role in Saudi Arabia’s economic landscape.
Al Juffali Family’s Impressive Yacht Collection
Luxury yachting is a passion deeply embedded in the Al Juffali family. Khaled Juffali is the proud owner of the yacht Kolaha, while other family members also boast notable ownerships, including the yacht Tatasu and the yacht Cocoa Bean.
Khaled Al Juffali’s Philanthropy and Net Worth
The Al Juffali family, with a net worth of around $24 billion, is not only known for their immense wealth but also their philanthropic initiatives. Their Tarek Ahmad Al-Juffali Foundation embodies their commitment to giving back, honoring the memory of Tarek Al Juffali who passed away at the age of 40.
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