Saad Abdulaziz Al Rashed: A doyen of industry, a beacon of humanitarianism
Mr. Saad Abdulaziz Abdul Mohsen Alrashed, who passed away on October 28, 2024, leaves behind a remarkable legacy that transcends time. Born in 1921, he dedicated his life to excellence and making a significant impact in the business world alongside his father and elder brother.
As a prominent figure in the Al Rashed Group of Companies, Mr. Al Rashed played a crucial role in shaping multiple industries, including trading, shipping, travel, real estate, investments, oil, gas, construction, and pioneering efforts in various sectors. His contributions continue to influence Kuwait’s industrial landscape, including the dry dock and healthcare sectors.
Foresight and strategic thinking
A visionary in business, Mr. Saad A. Al Rashed was known for his foresight and strategic thinking, which enabled him to steer the Al Rashed Group of Companies to unparalleled success. His hands-on approach in the shipping industry not only earned him the respect of his peers but also instilled a sense of pride and dedication in his employees. Mr. Saad A. Al Rashed’s leadership style was characterized by a deep commitment to his work and genuine care for those around him, reflecting his values of integrity, hard work, and loyalty.
He traveled around the world and built strong relationships, including with the Kennedy family, as well as top families in Kuwait, this region, and Western countries such as India and Japan.
He is survived by two sons, one of whom was the late Mr. Basil SaadAl Rashed, and two daughters involved in the family business. All of Mr. Al Rashed’s brothers, including former Minister Mr. Rasheed Al Rashedand his late brother Mr. Saud Al Rashed, are also engaged in the family business and will carry forward the legacy of Al Rashed along with their sons.
Achievements in the business world
Beyond his achievements in the business world, Saad A. Al Rashedwas also a true humanitarian at heart. He fostered close ties with his community, supporting various charitable causes and initiatives aimed at uplifting the less fortunate. Mr. Saad A. Al Rashed’s warm and supportive demeanor endeared him to his employees, inspiring loyalty and admiration among those who had the privilege of working alongside him.
Passion for excellence
Mr. Saad A. Al Rashed’s legacy extends far beyond the walls of the companies he built. His passion for excellence and unwavering dedication to his work has paved the way for future generations to follow in his footsteps. His contributions to various industries have left an indelible mark on the business world, serving as a testament to his enduring impact and influence.
A shining example
As we reflect on the remarkable life of Mr. Saad A. Al Rashed, we are reminded of the importance of perseverance, integrity, and compassion in our pursuit of success. His legacy will continue to inspire and guide us, serving as a shining example of what can be achieved through hard work, dedication, and a genuine desire to make a difference in the world.
In conclusion, Mr. Saad A. Al Rashed’s remarkable legacy will be remembered for years to come, not only for his business acumen and entrepreneurial spirit but also for his unwavering commitment to his community and employees. His life serves as a beacon of inspiration for all those who seek to make a positive impact and leave behind a lasting legacy of excellence.
Above all, he was a God-fearing gentleman who upheld true Islamic values and generously supported the needy from the heart. He remained very active until the time of COVID-19, ensuring he was present in the office to guide everyone well. His memory, especially regarding business matters, is unparalleled and is remembered even by those who knew him just a month ago.
