Al-Khumasiya was a highly influential industrial complex that operated in Syria from 1946 until its nationalization in 1961. During the 1950s, it was the pride and joy of Syrian government officials, who took dignitaries on tours of its premises, boasting of the quality of its products. President Nasser of Egypt praised its achievements, before seizing the company in 1961 and transferring its ownership to the state, where it remains as of 2020. Many consider the nationalization of al-Khumasiya as the beginning of the end of the Syrian economy. And yet, nothing has been written about it, either in English or Arabic. Its records were destroyed, and its five founders died without leaving behind a written account of their experience. This article looks at the company, how it was founded, and what was so important for Syria throughout the 1940s and 1950s.
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Ibid.
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Shukry al-Quwatly was founder of the National Conserves Company, the second biggest industrial enterprise in Syria, dating back to 1932. It worked on canning dried vegetables and fruits from al-Ghouta and selling them in the Arab World. The company had been established 30,000 gold Ottoman coins, divided into 15,000 shares. It was subsequently seized by the Ba'ath state in January 1965. Philip S. Khoury. Syria and the French Mandate: The politics of Arab nationalism 1920–1945 (Princeton University Press, 1987), 224.
Ibid.
Ibid.
Ibid.
Khoury. Syria and the French Mandate, 288.
Author interview with Najm al-Din al-Diab, director of finance at al-Khumasiya (Damascus, 14 October 2017).
Author interview with ‘Ismat ‘Abdulhadi al-Rabbat (Beirut, 23 October 2017).
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Ḥammour (2017).
Ibid.
Ibid.
Ibid.
Author interview with Randa Anwar al-Dassouki (Beirut, 3 September 2017).
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Ibid.
Ibid.
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Ibid.
Khoury. Syria and the French Mandate, 281.
Qotob (2017).
Ibid.
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Ḥammour (2017).
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Ibid.
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Najm al-Din Diab (2017).
Ibid.
Ibid.
Ibid.
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Ibid.
Author interview with Hazem 'Abdulḥamid Diab (Damascus, 30 September 2017).
Najm al-Din Diab (2017).
Ibid.
Ibid.
Ibid.
Khoja (2017).
Ibid.
Ibid.
Ibid.
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General Abdul Karim al-Neḥlawy interview with al-Jazeera TV (August 2010).
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Ibid. The Credit Foncier d'Algierie et de Tunisie was founded in 1880 with a capital stock of 15 million francs. It had offices in Algeria and central headquarters in Paris. It started operating in Syria in 1921.
The Arab Bank had been established in Syria in 1943, headed by its founder Abdulhamid Shouman.
Author interview with 'Adel al-Hafi, former director of the Commercial Bank of Syria (Damascus, 10 September 2017).
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Ibid.
Ḥammour (2017).
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Author interview with Faysal Nazem al-Qudsy (London 4 November 2017).
Najm al-Din Diab (2017).
Ibid.
Cairo Radio (5 October 1961).
Ibid (23 February 1962).
Ibid.
Shukry, Salah al-Din. Fada'eh al-Mu'amarat al-Nasriya. Damascus (Damascus 1962), 6.
Farhany, Mohammad. Fares al-Khoury wa Ayyam la Tunsa (Beirut, 1965). 514.
Quwatly, Shukry. Shukry al-Quwatly ukhatib Ummatuh (Beirut, 1970), 451.
Unpublished memoirs of ex-Economy Minister 'Awad Barakat (Paris, 2003).
Ibid.
Neḥlawy (August 2010).
Ibid.
Ibid.
Ibid.
Samman, Mutih. Watan wa Askar (Beirut, Bissan Books, 1995), 260.
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Ibid.
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