MB Holding Company LLC or Mohammed al Barwani LLC (MB LLC) is an Omani conglomerate with interests in oil and gas exploration and production, oilfield services, engineering and mining.
| Company type | Limited liability company |
|---|---|
| Industry | |
| Founded | 1982 |
| Founder | Mohammed Al Barwani |
| Headquarters | , Oman |
Key people |
|
| Owner | Mohammed Al Barwani |
| Subsidiaries |
|
| Website | www |
The company was founded in 1982 by Mohammed Al Barwani as an oilfield service provider to oil producers such as Petroleum Development Oman and Occidental Petroleum.[1] It subsequently expanded into exploration and production and gained concessions in Oman, Egypt and Mozambique.[1]
MB's engineering arm is involved in the aerospace and defense industry.[1] Its mining subsidiary, Mawarid Mining, was set up in 2000 and is the largest private mining company in Oman.[1][2] Mawarid is the first private mining company to engage in copper and gold exploration in Oman.[3]
Musstir, the property development arm, specialises in the development of hotels.[1][4] MB acquired Oceanco, a luxury yacht builder based in the Netherlands, in 2010.[5]
Its other investments include Nautilus Minerals (28 percent), an underwater mineral exploration company based in Canada, Al Madina Takaful (26 percent), an Omani takaful operator, and Watania (51 percent), a takaful operator based in Abu Dhabi.[1][6]
Al Barwani is chairman of the MB Group while his sons head the mining and oil and gas E&P arms.[1]
Operations
editMB Holding's key business segments and operating subsidiaries are as follows:[7]
- Oilfield services: MB Petroleum Services
- Oil and gas exploration and production: Petrogas E&P
- Mining: Mawarid Mining
- Engineering: United Engineering Services
References
edit- ^ a b c d e f g Halligan, Neil (2015-05-23). "Growing on instinct: Mohammed Al Barwani". Arabian Business. Retrieved 2015-08-29.
- ^ "MAWARID MINING RECEIVES AWARD FOR OMANISATION". Muscat Daily. 2012-10-07. Retrieved 2015-08-29.
- ^ Kutty, Samuel (2015-05-31). "Mining royalty rises to 10 per cent in Oman". Oman Daily Observer. Archived from the original on 2015-06-01. Retrieved 2015-08-29.
- ^ "Park Inn by Radisson Hotel & Residence opens in Duqm, Oman". Musstir. 2015-02-03. Retrieved 2015-08-29.
- ^ "Oman's MB Holding set for massive expansion". Times of Oman. 2012-11-22. Retrieved 2015-08-29.
- ^ Khan, Gulam Ali (2014-08-26). "Al Madina, MB Holding to buy 60.5% stake in UAE takaful firm". Muscat Daily. Retrieved 2015-08-29.
- ^ "Our Business". MB Holding Company LLC. Retrieved 2015-08-29.