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Abu Hani Group
The Abu Hani Group was founded over four decades ago by the late Juman Ashour Rajab, who laid the foundation through a civil engineering partnership with...
Abu Hani Group
The Abu Hani Group was founded over four decades ago by the late Juman Ashour Rajab, who laid the foundation through a civil engineering partnership with Willbros of USA in 1965 to form The Oman Construction Company (TOCO). Today the firm operates as the family office for the Rajab family, chaired by his son Hani Rajab. The group's origin is anchored in the physical build-out of the Sultanate, giving it a direct operational ethos that persists in its current portfolio. The group deploys capital mainly through wholly-owned operating entities rather than fund commitments. Its portfolio spans real estate through an in-house division created in 1980, heavy civil construction via Target LLC, automotive service centers operating under a Bosch license since 2010, and healthcare retail through Hatat House Pharmacy. The firm also holds a concrete business, Dimaniyat Stone LLC, and two trading units—Juman Sons Trading Co. and an energy systems entity. Geographically, nearly all named holdings are concentrated in Oman, though a commercial property at Al Ghubra House anchors the Muscat portfolio. Team size and total deployment are not publicly disclosed. The firm lists Subbaraman, a former senior executive at DAMAC Properties, as Group General Manager responsible for operations. The group expanded methodically through 2016, when its furniture trading arm tied up with Studio Office of Cyprus. The calendar of milestones shows organic startup formation rather than acquisition-led growth, with new divisions like United Catering Co. and Innovative Energy Systems added in 2013. The group is structured as a holding company with a self-sustaining operating core, not as an allocator cycling through external managers. Its construction and infrastructure roots create a permanent deal funnel within the Omani market, a structural posture that differs from family offices that primarily function as LP anchormen. For institutional counterparties, the most relevant feature is the group's dual role as both owner-operator and sector-specialist, which can make it a co-investment partner rather than purely a capital provider.
General information
Firm type
Single Family Office
Year founded
—
AUM
Undisclosed
Location
Region
Middle East
Country
Oman
City
Muscat
Corporate office
Muscat, Oman
Principals
Hani Rajab
Chairman
Juman Ashour Rajab
Founder
Altss tracks 1 additional named team member for this firm — including direct investment leads, IR, and operating principals not listed on the public website.
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Frequently asked questions
Who runs investment decisions at Abu Hani Group?
Chairman Hani Rajab leads the group, with operational management overseen by Group General Manager Subbaraman, formerly a senior executive at DAMAC Properties. The firm has not disclosed a dedicated CIO or an investment committee structure. Strategic decisions appear to flow through the chairman's office, as is typical for single-family offices of this vintage in the region.
Is Abu Hani Group structured as a single family office or does it operate more like a venture firm?
It is structured as a single-family holding company that owns and operates a collection of businesses directly. The firm does not present itself as a venture investor or external fund manager. Its activities are concentrated in wholly-owned operating subsidiaries like Target LLC and Juman Sons Trading, rather than minority stakes in third-party ventures.
Does Abu Hani Group participate in fund commitments or only direct deals?
The public record shows only direct ownership of operating businesses. There is no evidence of limited partner commitments to external private equity, venture capital, or hedge funds. The group's historical milestones chart a path through construction, real estate, automotive services, and healthcare—all in-house startups or wholly-owned subsidiaries.
Where does the underlying wealth come from?
The wealth originates from the construction and engineering businesses built by Juman Ashour Rajab starting in 1965, including The Oman Construction Company (TOCO), which partnered with the American firm Willbros to work on Oman's first oil pipeline. The group later expanded into real estate, trading, and other sectors, consolidating those cash flows under the family office structure.
How is Abu Hani Group related to Target LLC and Dimaniyat Stone?
Target LLC is a civil engineering and construction company set up by Juman Ashour Rajab with other businessmen and is now part of the group. Dimaniyat Stone LLC is a ready-mix concrete operation that the group controls, which shifted its operations to an industrial area in Khabura in 2015. Both are wholly-controlled operating companies within the Abu Hani portfolio.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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