MBA Fakhro

Last updated
MBA Fakhro
Type Private
Industry Financial services
Founded2000;22 years ago (2000)
FounderMo Fakhro
Headquarters,
Area served
Middle East, North America, India, South Asia, South East Asia, Africa
Services
Website https://www.mbafakhro.com/

MBA Fakhro is a Bahrain-based holding company with corporate offices in North America (Silicon Valley), [1] South Asia, the Middle East, Africa, and South East Asia holding stakes in companies with distinct interests. MBA Fakhro owns businesses across these nations in the fields of Greenfield Capital, Venture Capital and Heritage Capital. It includes E-commerce, Media, Business software, Education, Health, Genomics, Fintech etc. The prominent family companies of MBA Fakhro with commercial operations are Abdulla Yousif Fakhro & Sons Group, Adel Fakhro & Sons, Y.K. Almoayyed & Sons Group, [2] Go International, SunCity Ventures.

Contents

History

Mo Fakhro, [3] the member of fifth generation of Fakhro Group based in Bahrain has the business legacy of 100 years in GCC, Iraq and India, founded MBA Fakhro on June 11, 2000. Mo Fakhro is presently holding the position as one of the directors in Fakhro Group.

Operations

As part of the Greenfield Capital unit, MBA Fakhro has created several companies in sectors such as artificial intelligence, machine learning, biotech, business automation software, fintech, electric cars, drones, websites, apps, green technology and the Internet of Things. Also they acquired franchises in United States, India, Middle East and Africa.

Divisions and Major Subsidiaries

The various subsidiaries coming under the aegis of MBA Fakhro in the Commercial Services divisions include: [4]

Greenfield Capital

MBA Fakhro's Greenfield Capital unit comprises financial capital allocated to new businesses.

E-commerce

MBA Fakhro has numerous e-commerce business segments, particularly in Bahrain and the Middle East.

  • Dukakeen

Dukakeen is a Middle Eastern focused e-commerce business subsidiary of MBA Fakhro. The platform connects sellers with clients from the Middle East and allows them to create their stores on the website. [5]

  • Bombaybuy

Bombaybuy is a fashion-focused online marketplace made for the Indian market. The portal connects fashion buyers and sellers from around India.

  • Nafaneef

Nafaneef is a Middle East and North African online fashion marketplace. This portal aims to create a marketplace for dress buyers and sellers throughout the Middle East and North Africa.

Foods

  • Applebees’s Bahrain

Applebees’s Bahrain is a franchise business of Applebee's, an American Grill + Bar restaurant chain. [6]

  • MyFoodMyWay

MyFoodMyWay is a business focuses on delivering home-cooked meals created by people in their homes, restaurant cuisine, and precooked foods offered by MyFoodMyWay. The company's current target is the MEASA market.

Metaverse

  • Touristers

Touristers is a business held by MBA Fakhro that deals with tours, hotels, and car rentals for tourists.

  • Clicks

MBA Fakhro holds Clicks, a social networking company primarily focused on short videos in the Indian market.

Media

  • HardwareReview

HardwareReview is an IT firm held by MBA Fakhro that focuses on computer hardware news.

  • Straight Line Media

Under the business Straight Line Media, MBA Fakhro signed an agreement to promote businesses through Megacom outdoor billboards to beneficiary companies of ‘business angels’ network Tenmou. [7]

Business Software

  • Voyager IT Solutions

Voyager IT Solutions is MBA Fakhro's IT subsidiary in India, founded to provide IT support to most MBA Fakhro firms. [8]

  • Redsky Software

RedSky Software is a Middle Eastern software reseller based in Bahrain. The company distributes and implements the business software products of other business software companies from MBA Fakhro's Greenfield Capital section across the Middle East. MBA Fakhro had partnered with GTS One to implement their ERP solutions throughout the Kingdom of Bahrain. [9]

  • Artify 360

Artify is an artificial intelligence-enabled business that comprises cloud-based human capital management, customer relationship management, project management, and financial management solution. [10]

Education

  • Academia Enterprises

Academia Enterprises is the exclusive franchisee of EtonHouse, a global education firm with 100 pre-schools and schools, to introduce its international school franchise to the Arabian Gulf regions.

Health

  • Anytime Fitness

MBA Fakhro owns franchisee business of Anytime Fitness, one of the world's largest fitness companies, with over 4000 gyms worldwide. [11]

Venture Capital

MBA Fakhro's venture capital firms invest in various startups in Bangalore, Silicon Valley, Shenzhen, Tel Aviv, Dubai, and Cambridge.

Genomics

MBA Fakhro has established a solid foothold in the genomics area, with multiple startups under their wing.

  • 23andMe

23andMe is a California-based corporation that provides genetic information to consumers to learn more about their history and disease susceptibility.

  • Haystack Analytics

Haystack Analytics is a company in India specializing in the burgeoning field of genome analysis. The company has created several technological products used in hospitals and labs throughout India. [12]

Fintech

MBA Fakhro's Greenfield Capital unit's Fintech business section comprises both leading and emerging fintech companies.

  • Revolut

Revolut is a financial tech firm located in the United Kingdom that aims to modernize the banking industry.

  • Swogo

Swogo is a Lisbon-based start-up that distributes automated cross-selling bundles to internet retailers.

  • Plum

Plum is a UK-based company that creates and distributes an AI assistant that provides customers with automated guidance on investing decisions.

3D Printing

MBA Fakhro sets its foot in the manufacturing industry with a 3D printing firm based on futuristic technology.

  • Ethereal Machines

Ethereal Machine is a Indian based maker of 5-axis CNC machines that it supplies to manufacturers worldwide, targetting aircraft, cars, and healthcare industries.

Heritage Capital

MBA Fakhro is known for taking a conservative approach to capital markets to achieve stable, consistent rates of return.

See also

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Fakhro Group

The Fakhro Group, also known as the Abdulla Yousif Fakhro Group, represents a collection of businesses owned by the descendants of the late Abdulla bin Yousif Fakhro. The group is one of the oldest and most prominent family businesses in the Kingdom of Bahrain. The collection of businesses are currently headquartered in Manama, Bahrain with operations in Qatar and the UAE.

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Fakhro Tower is a commercial office complex in Manama, Bahrain, located across the street from the Bahrain City Centre mall. The building is constructed on 30 floors consisting of a double-height lobby with showroom space, five floors of podium parking, and 24 floors of office space. The tower was designed by The Modern Architect and constructed by Kooheji Contractors.

Jamal Fakhro Bahraini legislator

Jamal Mohamed Al-Fakhro is a Bahraini legislator, business advisor and a member of Shura Council, the Bahraini upper house of parliament. He is the Managing Partner for KPMG in Bahrain. Fakhro was the first Arabian to be appointed as a member of the KPMG Global Board and Global council. Fakhro was the Chairman of the KPMG Middle East and South Asia (MESA) Board; and member of the KPMG Europe, Middle East and Africa (EMA) Regional Board till Oct 2014. Having served as Managing Partner since 1987, he has extensive experience in the field of Audit, Tax and Advisory services in the region, especially for government sector, and banking and financial services companies. He also advises many family businesses in relation to family governance, risk and sustainable succession planning. Fakhro has a special interest in the matters of Corporate Governance, and is a Founding Board Member of the Pearl Initiative in the Middle East, an initiative developed with the collaboration with the UN office for partnership aiming for transparency and accountability in the private sector.

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References

  1. "MBA Fakhro expands to Silicon Valley". bizbahrain.com. Retrieved 8 June 2022.
  2. "Six Bahraini firms in Forbes list of top 100 Arab family businesses". gdnlife.com. Retrieved 10 August 2021.
  3. "A pioneer of modern business trends". bahrainthisweek.com. Retrieved 7 May 2016.
  4. "MBA Fakhro subsidiaries". mbafakhro.com. Retrieved 24 June 2022.
  5. "Shopping portal Dukakeen.com launched". newsofbahrain.com. Retrieved 3 May 2016.
  6. "Six new Applebee's to open in Bahrain and Oman". hoteliermiddleeast.com. Retrieved 1 February 2017.
  7. "MBA Fakhro-Tenmou inks partnership agreement". twentyfoursevennews.com. Retrieved 12 November 2013.
  8. "Mba Fakhro Propels Its Internet Business With Voyager Addition". dayofdubai.com. Retrieved 17 February 2015.
  9. "Partnership with MBA Fakhro Group". gtsone.gtsys.com.jo. Retrieved 12 May 2018.
  10. "New Version of Artify HCM Released". akhbar-alkhaleej.com. Retrieved 2 June 2020.
  11. "MBA Fakhro Holding inks lease for its first Anytime Fitness club in Bahrain". saudigazette.com.sa. Retrieved 16 May 2016.
  12. "MBA Fakhro invests in Indian Deep Tech Genomic analysis start-up Haystack Analytics". bizbahrain.com. Retrieved 27 September 2021.