Galadari Brothers
| Industry | Group of Companies |
|---|---|
| Founded | 1960 |
| Headquarters | , |
Area served | United Arab Emirates |
| Subsidiaries | Galadari Hotel |
| Website | galadarigroup |
Galadari Brothers Co. L.L.C. are a conglomerate company based in the United Arab Emirates.
History
[edit]
In 1976, the brothers split with Abdul Rahim and Abdul Latif retaining the business by buying out Abdul Wahab.[1]
In 2006, the government of Dubai took a 30 per cent stake in the conglomerate. It was reported the 30 per cent stake replaced Galadari's debt to the government and other companies. A court-appointed by Mohammad Bin Rashid Al Maktoum, the Vice President and Prime Minister of the United Arab Emirates, first restructured the group and then replaced the board with a three-member temporary board.[2]
Businesses
[edit]Galadari Brothers have investments in print and online media in the Middle East. Other companies under the Galadari Group in the UAE include Mazda UAE,[3] Baskin-Robbins Ice Cream, Galadari Hotel in Colombo,[4] Galadari Construction, Galadari Heavy Equipment Division. and Galadari Saudi Industrial Co. in Saudi Arabia, The group also has stakes in Galadari Cement in Karachi, Pakistan.
Galadari Heavy Equipment Division
[edit]The brothers started focusing on the heavy equipment sector and looking for the best heavy equipment machinery to bring to UAE, Starting with Komatsu they launched Galadari Trucks & Heavy Equipment, and by that time, the brands increased to more than 30 brands that covered Construction equipment, mining equipment, road machinery, cranes, trucks, material handlers, aerial lifts, energy products & solutions.[clarification needed]
this massive expansion required separating the product categories into separate companies, and now the division has six companies each responsible for several product categories and geographical areas, Galadari Trucks & Heavy Equipment, GB Equipment Solutions, Galadari Energy Solutions, Galadari International Technical Services, Galadari Tire Company, Galadari Saudi Industrial Co.[citation needed]
References
[edit]- ^ Mitra, Sumit (29 October 2014). "Abdul Latif Galadari surfaces in India as govt withdraws smuggling cases against the brothers". India Today. Archived from the original on 26 December 2019. Retrieved 26 December 2019.
- ^ "Dubai takes 30% stake in Galadari group". gulfnews.com. 13 October 2006. Archived from the original on 26 December 2019. Retrieved 26 December 2019.
- ^ "Galadari Automobiles opens House of Mazda showroom". Khaleej Times (in Arabic). 21 March 2013. Retrieved 14 October 2013.
- ^ TRAVEL AND HOSPITALITY. Archived 2019-11-22 at the Wayback Machine
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