KUTAYBA ALGHANIM: The Man Behind Alghanim Industries and Kuwait’s Biggest Auto Dealer

Name:Kutayba Alghanim
Net Worth:$1.4 billion
Source of Wealth:Alghanim Industries
Born:January 7, 1944
Children:Waleed, Omar, Bassam and Samar
Residence:Lloyd Harbor, NY, USA
Private Jet:Gulfstream G650 (N515KA), Gulfstream G550 (N5GV), Gulfstream G550 (N555GV)

Who is Kutayba Alghanim?

Kutayba Alghanim is a renowned Kuwaiti businessman who currently serves as the shareholder and chairman of Alghanim Industries, one of the largest privately-owned companies in Kuwait and the Gulf region. Born in 1944, Kutayba Alghanim is a graduate of the University of California and returned to Kuwait in 1970. He is married and has four children, including Waleed, Omar, Bassam, and daughter Samar.

The Alghanim Family Legacy

Kutayba Alghanim hails from a family with a long-standing history as commercial merchants in the region. In the 1930s, the company founded by his grandfather had 4,000 employees, and it has continued to expand and diversify ever since. Alghanim Industries was founded by Kutayba Alghanim’s father, Yusuf Ahmed Alghanim.

Alghanim Industries

Alghanim Industries operates in over 40 countries and is involved in various industries, including automotive, electronics, and consumer goods. The company was the first to introduce General Motors vehicles to Kuwait and became one of the largest GM agencies in the world. Nowadays, Alghanim Industries holds the agencies for companies like Sony Ericsson, Samsung, Siemens, Nokia, IBM, Dell, Daewoo, Compaq, and Philips.

Kuwait’s Biggest Auto Dealer

Alghanim Automotive, a subsidiary of Alghanim Industries, is the largest auto dealer in Kuwait and holds agencies for popular brands such as Chevrolet and Cadillac. The family business has more than 14,000 employees and has been recognized as one of the Best Employers in the Middle East and as one of Asia’s Best Employer Brands.
In conclusion, Kutayba Alghanim is a prominent businessman with an extensive family legacy in commercial enterprises. He has helped expand and diversify Alghanim Industries, making it a leader in various industries, including automotive and electronics. With his leadership, the company has become one of the largest privately-owned companies in Kuwait and the Gulf region.

Kutayba Alghanim

Kutayba Alghanim

Omar Alghanim

His son Omar Kutayba Alghanim is the CEO of Alghanim Industries. He is also Chairman of the Gulf Bank. The Gulf Bank is one of the largest banks in Kuwait. Omar was awarded the title ‘Businessman of the Year’ in 2013. By Arabian Business Magazine. He is the owner of the yacht SANOO.

Kutayba Alghanim Net Worth

Forbes estimates his net worth at $1.4 billion. His assets include the yacht Samar, two Gulfstream G550 private jets, and a large real estate portfolio.

Alghanim Residence

He lives with his wife in Lloyd Harbor, near New York City.








Samar was listed for sale as her owner was building a new yacht.

Benetti FB272 yacht Luminosity

We were told that the 108 meter (353ft) Benetti FB272 was supposed to be the replacement for Samar. She was launched in early 2019. Her name would become SOZA. The Soza boat has a steel hull and an aluminum superstructure.

Her interior is designed by Zaniz Interiors.

Luminosity For Sale

To our surprise, the Benetti FB272 was named Luminosity and was listed for sale in April 2020.  Her asking price is EUR 225 million (US$ 250 million). We heard about some issues between the yard and the owner.

Do you know more? Please do send us a message.

Kutayba Alghanim House

Built at Devonport Yachts in England, the motor yacht Samar is a stunning example of luxury and opulence. The yacht has a steel hull and aluminum superstructure, designed by H2 Yacht Design and naval architect Laurent Giles. The yacht was launched in 2006 and underwent a refit in 2017.

A Look Inside the Yacht

The Samar yacht has a spacious interior designed by Joe Thome. The yacht can accommodate up to 18 guests and 20 crew members. The yacht has several entertainment areas, including a large pool, a gymnasium, a cinema, and numerous bar areas. Guests can indulge in a lavish stay onboard Samar and enjoy the luxury of her spacious cabins and amenities.