Yousuf Khalil Almoayyed opened his first shop in Manama, selling everyday essentials, in 1930. The Y. K. Almoayyed & Sons Group was founded ten years later. In 1996, Almoayyed’s son, Farouk, succeeded him as chairman. The group is a distributing partner of more than 300 international brands and has four subsidiaries: Almoayyed Properties, Ashrafs, Almoayyed Contracting Group, and the National Concrete Company. It employs over 8,000 people. As the sole distributor of Nissan in Bahrain, the group inaugurated its newly renovated Nissan Service Center in December 2023.