CEO Today Global Awards 2025 - 43 - - KUWAIT - in the development of Bukhamseen Group Holding Company. Some of the challenges we faced were to increase the business coverage, workforce and capital. However, expanding to different sectors required reorganizing and restructuring, calling for consistent effort, research, and expertise from external auditors and advisors, as well as building a strong core team. Some of the new expansions were established from scratch, and others through acquisitions. Diversifying a business is a challenging task and time consuming. However, our success is due to understanding the new market and its requirements, thereby being one of the significant players. History is evidence of the extent of growth and development, and as with the Bukhamseen Group from our humble beginnings, we had to incorporate new ideas and thoughts into the core business structure while competing with the major family business groups in the market. Our innovations were formed out of the necessity to complement the business needs of the subsidiary companies and, as of date, over 47 companies, notwithstanding our major participation in international companies. We inculcate a culture of freethinking and creativity that helps foster new ideas and continual growth without compromising our core family and Islamic values. As far as the plans, we do see ourselves expanding both locally and internationally, i.e., Egypt, UAE, and Saudi Arabia and in the health sector, as it requires a new business approach in the private sector where we believe the extra addition with the government services to satisfy all the requirements of the Kuwaiti society. Another one is the educational sector, wherein we can bridge the gap between the government and private sectors and add value to new thinking and education. Our Group is actively developing new ideas and strategies to tap into these markets. How do you approach decision making in a conglomerate with such a diverse portfolio, and what criteria do you prioritize when evaluating new business opportunities? I believe to manage multiple companies, one needs to delegate the operational matters and daily managerial duties to a team that is trusted by us. Moreover, we also have major representation on the boards of these companies, thereby giving us an opportunity to strategize, drive profitability, manage the organizational structure and monitor their goals and targets. Moreover, our team of competent and experienced internal auditors periodically checks and investigates the operations on a quarterly basis; most of these companies provide their performance reports against their budgets to check on their progress. The teams ensure good and real-time communication with the board that ensure effective management. Some of the key factors to maintain a family business group in this size and calibre is to have a strong vision that could add value to us and the country by implementing a principle of win-win situation for all our clients and colleagues in the business. My brothers (Board of Directors) contributed considerably to the success of the company, as they spearhead and oversee the insurance, investment, banking, engineering and real estate sectors. We also have a reputation of fulfilling and standing by our promises and decisions. Another factor is to build a strong core team in all major divisions not limited to marketing, HR, engineering, and financing, thereby developing the core team and tapping into the human resource potential. In addition, proper pre-studies and follow up on new business keep us focused on the development of the new business and one-step ahead of the game. Our reputation in the region has contributed to our success as we stay true to our traditions and core values while keeping up with the times. In what ways does Bukhamseen Group Holding Company contribute to the national economy and community development in Kuwait and the broader region? We added value to the various sectors engaged by us in many different ways. We refused to be a statistic in the market and started to develop these economic sectors by adding new services and ideas.
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