HISTORY AND MANAGEMENT
Husain Al-Saegh, one of the Managing Directors and partner of Addax WLL, is well-groomed in the business by education, time, experience and family heritage. Foreign exchange business and volumes are the family’s heritage streamed for generations after generations. He was a banker by education and had worked and owned the Bahrain National Money Exchange.
Due to market change, he had accepted the challenged, studied the market, reviewed the market needs and demands and diversified into custom clearing which becomes his gateway for his career in custom clearance and progress in year 2002 till today. With his partners Mr. Nahi and Mr. Abdullah, his brother, they have flourished the business into success. In 2005, Mr. Al-Saegh opened a new line of business called PT 5 MEB, a trading company. The company which has a mutual linkage with PT5 China in terms of exclusive agency agreement in the entire
Middle East, was merged with Addax WLL to cater the total needs of Chinese market in the Middle East.
In 2008, they joint venture with Elite Airborne Express, and put up a company of the same name in Bahrain. The company handles couriers and general cargo Internationally.
In 2009, they successfully put up a marine services company called West Coast Port Operations and Management (WCPOM). The company provides towage, line handling, piloting and other marine services in ports of Bahrain.
In 2009, Addax WLL was appointed by Bahrain Air to operate its cargo division effective June 1, 2009. Bahrain Air had signed a commercial joint venture agreement with Addax Cargo to handle overall Bahrain Air operating stations, and Bahrain as a main hub for all cargo movements.