Updated:
Mubbadrah Investments
Mubbadrah Investments formed in Muscat in 2005, founded by Yasser Al Barami and Hilal Al Busaidy through separate holding vehicles.
Mubbadrah Investments
Mubbadrah Investments formed in Muscat in 2005, founded by Yasser Al Barami and Hilal Al Busaidy through separate holding vehicles. Al Barami's Wild Investments LLC and Al Busaidy's Myrad Investment LLC each hold 50% of the group, creating a balanced two-anchor ownership structure. The firm operates as a diversified holding company rather than a passive allocator. The group deploys capital across energy, mining, manufacturing, IT, real estate, and healthcare. Energy is the largest vertical — subsidiaries include Gulf Energy Services, Makamen Oil & Gas Consultancy, Al Maha Bunkering, and Trust Gulf Marine Services. In manufacturing, it controls Tasneea', Colossal Engineering, Gulf Flotek, and Sledge Gulf. The mining portfolio holds North Oriental Marble and Maaden Enterprises. Mubbadrah is also a major shareholder in National Energy Services Reunited Corp., the OTC-traded oilfield services platform formed through a business combination. Geographic reach extends from Oman into Saudi Arabia, Iraq, Yemen, and Kuwait through a web of operating subsidiaries. Real estate assets include Mubbadrah Real Estate LLC and Sadara Investment & Development. The firm runs Enshaat Contracting for construction and Mubbadrah Health Care for medical services, alongside Prime Business Solutions in IT. Its connected philanthropic work runs through Al Fanar Venture Philanthropy. Mubbadrah's structure as an operating conglomerate — not a fund manager — distinguishes it from Gulf peers that primarily invest third-party capital. Every business line is held through wholly or majority-owned subsidiaries, giving the group direct operational control rather than minority stake exposure. This architecture means performance is tied to running companies, not allocating commitments.
General information
Firm type
Generalist
Year founded
2005
AUM
Undisclosed
Location
Region
Middle East
Country
Oman
City
Muscat
Corporate office
Muscat, Oman
Principals
Yasser Al Barami
Founder / Group CEO
Hilal Al Busaidy
Co-founder / Chairman
Sector focus
Frequently asked questions
Who runs investment decisions at Mubbadrah?
Yasser Al Barami serves as Group CEO and Hilal Al Busaidy as Chairman. Both are co-founders and control the business through equal 50% stakes: Al Barami via Wild Investments LLC and Al Busaidy via Myrad Investment LLC. The firm does not publicly disclose an external investment committee.
Is Mubbadrah a single family office or a holding company?
Mubbadrah is structured as a holding conglomerate with operating subsidiaries, not a single family office. It controls businesses directly and does not manage multiple family accounts. The dual-founder ownership structure places it outside the traditional single-family-office model.
How is Mubbadrah related to National Energy Services Reunited Corp.?
Mubbadrah is a major shareholder and was a key party in the business combination that formed NESR, an oilfield services company traded OTC. The firm's energy-services subsidiaries include Gulf Energy Services, Makamen Oil & Gas Consultancy, and Trust Gulf Marine Services, which share sector exposure with NESR.
Which sectors does Mubbadrah explicitly avoid?
Mubbadrah does not publish a negative list, but its current portfolio shows no exposure to financial services, private credit, or venture capital. The group concentrates on physical-operations businesses: energy services, manufacturing, mining, construction, and healthcare.
What is the geographic footprint of Mubbadrah's operations?
Headquartered in Muscat, the group operates across the Gulf region including Saudi Arabia, Iraq, Yemen, and Kuwait. Subsidiaries such as GE Saudi, GE Iraq, and Tamkeen Fracking demonstrate on-the-ground presence rather than remote investment exposure.
Does Mubbadrah participate in fund commitments or only direct deals?
The firm does not disclose any fund-of-funds commitments. Its publicly known activities are direct ownership of subsidiaries and operating companies. No LP relationships or external fund investments appear in its published materials or known regulatory filings.
Does Mubbadrah maintain philanthropic structures?
Yes. Mubbadrah has ties to Al Fanar Venture Philanthropy, though the nature and extent of the financial link are not publicly detailed. The philanthropic structure appears separate from the holding company's commercial subsidiaries.
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.
Need institutional-grade insight on asset managers?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: