 |
 |
|
Abdulla
Saleh
AlMulla, Founder
|
Kuwait in the 1930s
was a relatively undeveloped Emirate, the traditional pearl
industry faced new competition from the advent of cultured
pearls and the discovery of oil was, as yet, no more than
a hope.
But in 1938, as
the first oil was being produced in the Burgan field, two
men decided that business conditions were favorable for a
new venture. Abdulla Saleh AlMulla, then Secretary of State,
with partner Saleh Jamal, set up a small electrical and domestic
appliances shop in the heart of the old city, swiftly acquiring
the GEC (UK) franchise.
In 1947, an associate company
was founded - Bader AlMulla and Brothers. Within a short time,
this new company took on the Chrysler distributorship and
followed this by expanding into other business areas such
as marine products, air conditioning, travel and equipment
supply.
Following the death
of the founder in 1955, his son, Bader AlMulla took over as
a chairman, until his death in 1969, when his brother Najeeb
succeeded him, presiding over the steady expansion of the
Group's interests. The seventies saw the Group flourish together
with the wider Kuwaiti economy and in 1972, in order to harness
the boom in construction related industries and new technologies;
the Maseelah Trading Company was founded.
| |
 |
| |
Links
with the British royal family go back many years. (right)
Abdulla AlSalem AlSabah, the late ruler of Kuwait, with
Abdulla Saleh AlMulla during the state visit for the
Coronation of Her Majesty Queen Elizabeth II in 1953.
|
| |
|
Despite the fact
that AlMulla was enjoying considerable success, particularly
in the automotive sector, in 1978 the shareholders led by
Najeeb AlMulla decided to effect some radical changes through
a new long-term strategy. A multi-national Board was appointed
to enhance the management of the company and at the same time,
with support from its in-house finance company a major diversification
program was commenced in which the Group entered markets such
as environmental systems, vehicle rental and leasing, fire
protection, office equipment, security services, engineering
products, computers and insurance consultancy. Employee motivation
and loyalty, the foundation of every successful business,
were enhanced with the introduction of comprehensive profit
related incentive bonus schemes throughout the Group.
Sound business sense and sheer
hard work made the diversification a major success and throughout
the 1980s the Group continued to widen and improve the scope
of its operation and performance.
Today, the Group has demonstrated
its resilience by emerging, post-liberation, stronger than
ever. By getting the business basics right and adding vital
ingredients of imagination and a willingness to lead markets,
AlMulla has built a reputation for delivering its promises
which is well recognized by the world's leading companies.
AlMulla Group
is totally committed to seeking new opportunities in international
markets and to building upon its leading position within Kuwait.
|
|