Syed Mokhtar Al-Bukhary

Tan Sri Syed Mokhtar Al-Bukhary is the chosen leader that I want to share in this assignment. Before this, we just heard his name without knowing his background. I eager to write about him because he just an ordinary person that doing extraordinary things. He is also the richest Malay in this country and very much respected businessman and philanthropy. I will share with you about the life of Tan Sri Syed Mokhtar Al-Bukhary and highlighted about his contribution to serve the nation.

The success enjoyed by Syed Mokhtar today was not gained through an easy ‎shortcuts. Hard work, self-confidence and faith that everything comes from Allah has ‎made him a Bumiputera muslim icon for everyone to aspire to. ‎

He is one of the successful examples for any of business pupils and entrepreneurs. I would like to write on the part of background of Tan Sri Syed Mokhtar Al-Bukhari to show how a successful entrepreneur suffers in his early stage. The earlier stage of the business from the beginning to success will almost discuss on what the failures that Tan Sri Syed Mokhtar faced.

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Following by the empire story will discuss how this successful entrepreneur climbs up from the failure and how he moved to another stages. Besides, this part will also provide the successful fields and plans that he has involved in. The following part of the assignment will show the recognitions that Tan Sri Syed Mokhtar achieved. Last but not least, I would like to conclude my assignment by providing a conclusion to his business.

Personal Background

Tan Sri Syed Mokhtar Al-Bukhary is a famous millionaire that is known as a low profile person. He is the 7th richest man in Malaysia. He is becoming the role model of every student and potential entrepreneurs to emulate due to his established skills in business. His full name is Syed Mokhtar Shah bin Syed Nor Al-Bukhary. He was born in Alor Setar, Kedah in 1952. Tan Sri Syed Mokhtar is the third of seven siblings in his family. He was born into a Hadhrami Arab ancestry and he was living in a middle class family. His father’s name is Syed Nor Al-Bukhary. Before his father decided to live in Kedah in 1940s, he had travelled to Central Asia and Thailand to trade. His mother’s name is Sharifah Rokiah Syed Mohamed Rahmat.

She always taught him to give some charity to the needy ever since he was young. Syed Mokhtar is married with Sharifah Zarah Al-Bukhary and obtained five children. When he was nine years old, he was sent to live with his uncle, Syed Omar in Johor Bahru and studied there until he was form two. Then, he went back to Kedah to finish his education until form five at Saint Michael’s School. He never went to a university to further his study. However, he improved and gained his knowledge and experience in business through his own experience that he got during his youth time.

Business Background

Tan Sri Syed Mokhtar has a lot of business that he is involved in. Some of the groups that are combining in Al-Bukhary Company are MMC Corporation, Tradewinds Malaysia Berhad and DRB-Hicom Bhd. In these companies, it have been divided into many subsidiaries which is some of the companies are in automobiles, financial, non-financial, residential, transport and logistics, energy and utilities, other companies.

Some of his companies are Proton Holdings Bhd, Honda Malaysia Sdn Bhd, Bank Muamalat Malaysia Bhd, KL Airport Services Sdn Bhd, Pos Malaysia Bhd, Glenmore Properties Sdn Bhd, Port of Tanjung Pelepas Sdn Bhd, Johor Port Bhd, Gas Malaysia Sdn Bhd, Central Sugar Refinery Sdn Bhd, Gula Padang Terap Sdn Bhd, Padiberas Nasional Berhad and many more.

Tan Sri Syed Mokhtar also opens up Al-Bukhary Foundation as a charity to the community, to help the community with providing a university and medical center. From this foundation, it has a lot of tuition classes and most of the students who joined those classes are successful students that will be sponsored to further their studies into a higher level.

Business Strategies

Tan Sri Syed Mokhtar started to involve in business during the recession period where his father needed him to do the accounting in the business that his father ran. His father asked him to go through the accounting book and take care of it. Besides, he helped his mother to plant and sells the vegetables in the market after he finished his high school. He is also selling roti canai at the market to lessen his family burden by increasing the income. Other than that, he helped his father to cattle the cows but the business didn’t go very well because of the foot-and-mouth disease.

Tan Sri Syed Mokhtar took over his father business but decided into selling meats business and sell it to the wholesale. The meats that he sold are coming from the unsold meats in the market and he was trying to sell it again to the other dealers around Alor Setar. The level of confidence in doing business had boosted up after he gained some profit from selling the meats.

Then, he intended to change into a logistics business after he obtained 4 permits for class-A lorries. Tan Sri Syed Mokhtar opened a transportation company named Syarikat Pengangkutan Sentosa in 1972. He started his logistics business by borrowing RM110,000 from MARA to buy two Mercedes 911LS lorries. As the time flies, the Syarikat Pengangkutan Sentosa had grown rapidly by increasing the number of lorry. He used the lorry to begin a rice trading business.

References

http://ms.wikipedia.org/wiki/Syed_Mokhtar_Al-Bukhary
http://mokhtaralbukhary.blogspot.com/
http://youngleadershipvoices.blogspot.com/2012/11/the-life-of-tan-sri-syed-mokhtar-al.html http://www.studymode.com/essays/Tan-Sri-Syed-Mokhtar-Al-Bukhary-407183.html http://amir-economy.blogspot.com/2011/10/syed-mokhtar-al-bukhary.html