The Kanoo Group at 125 years
"Yusuf Bin Ahmed Kanoo" (YBA Kanoo) is one of the largest, independent, family-owned, groups of companies in the Gulf Region. Established in Bahrain in 1890 by Haji Yusuf Bin Ahmed Kanoo, the group grew from its early trading and shipping to become amongst the most diversified and highly regarded business houses in the Gulf region and beyond.
From Bahrain, the YBA Kanoo spread in Saudi Arabia in 1930s.
In 1967, Hamed Kanoo came from Saudi Arabia to the UAE to establish and grow the family's business. He managed to successfully put up "The Kanoo Group" as a trusted name in the country from a humble start of 5 people including him.
At present, The Kanoo Group operates in UAE and Oman. There are over 1,200 people working for the group and its joint ventures in the UAE.
The Kanoo family remained true to their early values. This adherence to ethics and beliefs made The Kanoo Group an essential component of the UAE's business life.
One of the first industries that Kanoo excelled at was shipping. No one could have predicted that it would challenge the monopoly of long established British companies and goes on to become the largest regional shipping agency in the Middle East. Today, Kanoo Shipping covers an extensive network area, including the Gulf, Red Sea and Indian Sub-continent and represents some of the oldest, largest and most respected ship owners and operators in the world. It handles 11,000 port calls every year which covers all ports in the Suez to India range.
The historic rise of Kanoo Travel has proven similarly impressive. The group's interest in travel started in 1937 when the company used to provide refuelling facilities for Imperial Airline sea-planes en route to India and Australia. In 1947, Kanoo Travel became the first IATA agency in the Gulf and became the very first travel company in the Middle East to receive the ISO certification in 1997.
The group's another success story begun in mid 1960s. Kanoo Machinery used to supply construction and material handling equipment in the region. At that time, the UAE was just setting up its oil and gas industry and developing its infrastructure. By providing the government and private sectors with world-class equipment and services, Kanoo Machinery helped lay down the foundations of the vital sectors of UAE's economy.
Today, for "Over 120 years of pioneering the future", Kanoo has diversified business industries in shipping, travel, machinery, logistics, property, oil & gas, power industrial chemicals, training, joint ventures, retail and commercial activities, among others; and operates extensively throughout Saudi Arabia, Bahrain, United Arab Emirates, Oman, Yemen and Qatar.
The Founding Father
In 1967, Hamed Kanoo came from Saudi Arabia to the UAE to establish and grow the family's business. Having successfully established YBA Kanoo's operations in Khafji in the Kingdom, the company asked him to replicate the same in UAE too. With only 5 people including him, Hamed Kanoo managed to successfully put the Kanoo name in the UAE Map. Growing the business was not easy but through hard work and dedication, he established Kanoo as a trusted name in the country. His nephews Khalid from Abu Dhabi and Yusuf from Oman later joined him in Dubai to grow the business further. Hamed Kanoo achieved all of this by following the Kanoo principles of honesty, trust and fairness.
Hamed Kanoo was known for his modesty and his love of life. He never differentiated between influential or poor people and would honour the person who valued him. Family was paramount to him and believed in keeping up with the ideals of family. People remember him not only for his decision making ability and business skills but also for his fun loving nature and presence. A truly remarkable person, whose departure left huge hole in the lives of the people who knew him personally and loved him.
Chairman of The Kanoo Group (1994 – 2014)
Yusuf bin Ahmed Kanoo served as the Chairman of The Kanoo Group from 1994 until the last day before he passed away on August 2014.
Mr. Kanoo was born in Manama in 1942 and received his secondary education in Bahrain and higher education in the UK. He earned his Master's Degree in Business Administration from a US university in Texas.
Yusuf started his professional experience as Resident Director of Yusuf Bin Ahmed Kanoo & Company in Muscat, Oman between 1976 and 1978. He moved to UAE later on as Director of The Kanoo Group from 1979 to 1981 in Dubai, Director from 1982 to 1984 in Abu Dhabi and back to Dubai as Managing Director from 1985 to 1993.
Yusuf became the Chairman of The Kanoo Group, UAE & Oman in 1994 after the death of the founding father, Hamed Kanoo.
Yusuf was also the Chairman of International Paint (Gulf) LLC, Maersk Kanoo (UAE) LLC and BASF Kanoo Gulf (LLC). Yusuf was a keen gardener, also enjoyed travelling with his wife who shared the same interests.
Renowned for his wisdom and long experience in business, he was also kind-hearted, friendly and sociable, with a good sense of humour. He left behind a rich history of accomplishments and cherished memories.