The YBA Kanoo Group was established over 132 years ago when Haji Yusuf took over the family business. Today, the group has businesses in shipping, logistics, travel, industrial and energy, capital, and real estate. It employs over 2,800 people. The YBA Kanoo Group has over 30 joint ventures, 40 active investments, and wholly-owned activities spread across 22 countries in the Gulf, including Bahrain, Saudi Arabia, the U.A.E., Oman, and Qatar, with expanded activities across Africa, Europe, and Asia. As of August 2022, the group owned 50.5% of the Bahrain Ship Repairing and Engineering Company, worth $26.5 million, and 28% of the Hayah Insurance Company, worth $11.4 million.