MB Holding Company LLC or Mohammed al Barwani LLC (MB LLC) is an

Oman Oman, officially the Sultanate of Oman, is a country located on the southeastern coast of the Arabian Peninsula in West Asia and the Middle East. It shares land borders with Saudi Arabia, the United Arab Emirates, and Yemen. Oman’s coastline ...

i conglomerate with interests in

oil and gas A fossil fuel is a flammable carbon compound- or hydrocarbon-containing material formed naturally in the Earth's crust from the buried remains of prehistoric organisms (animals, plants or microplanktons), a process that occurs within geologi ...

exploration and production, oilfield services,

engineering Engineering is the practice of using natural science, mathematics, and the engineering design process to Problem solving#Engineering, solve problems within technology, increase efficiency and productivity, and improve Systems engineering, s ...

and

mining Mining is the Resource extraction, extraction of valuable geological materials and minerals from the surface of the Earth. Mining is required to obtain most materials that cannot be grown through agriculture, agricultural processes, or feasib ...

. The company was founded in 1982 by Mohammed Al Barwani as an oilfield service provider to oil producers such as

Petroleum Development Oman Petroleum Development Oman (PDO) is the leading exploration and production company in the Sultanate of Oman. The Company delivers the majority of the country's crude oil production and natural gas supply. The company is owned by the Government of ...

and

Occidental Petroleum Occidental Petroleum Corporation (often abbreviated Oxy in reference to its ticker symbol and logo) is an American company engaged in hydrocarbon exploration in the United States and the Middle East as well as petrochemical manufacturing in the ...

. It subsequently expanded into exploration and production and gained concessions in Oman,

Egypt Egypt ( , ), officially the Arab Republic of Egypt, is a country spanning the Northeast Africa, northeast corner of Africa and Western Asia, southwest corner of Asia via the Sinai Peninsula. It is bordered by the Mediterranean Sea to northe ...

and

Mozambique Mozambique, officially the Republic of Mozambique, is a country located in Southeast Africa bordered by the Indian Ocean to the east, Tanzania to the north, Malawi and Zambia to the northwest, Zimbabwe to the west, and Eswatini and South Afr ...

. MB's engineering arm is involved in the

aerospace Aerospace is a term used to collectively refer to the atmosphere and outer space. Aerospace activity is very diverse, with a multitude of commercial, industrial, and military applications. Aerospace engineering consists of aeronautics and astron ...

and defense industry. Its mining subsidiary, Mawarid Mining, was set up in 2000 and is the largest private mining company in Oman. Mawarid is the first private mining company to engage in

copper Copper is a chemical element; it has symbol Cu (from Latin ) and atomic number 29. It is a soft, malleable, and ductile metal with very high thermal and electrical conductivity. A freshly exposed surface of pure copper has a pinkish-orang ...

and

gold Gold is a chemical element; it has chemical symbol Au (from Latin ) and atomic number 79. In its pure form, it is a brightness, bright, slightly orange-yellow, dense, soft, malleable, and ductile metal. Chemically, gold is a transition metal ...

exploration in Oman. Musstir, the

property development Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re- lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to oth ...

arm, specialises in the development of

hotel A hotel is an establishment that provides paid lodging on a short-term basis. Facilities provided inside a hotel room may range from a modest-quality mattress in a small room to large suites with bigger, higher-quality beds, a dresser, a re ...

s. MB acquired

Oceanco Oceanco is a privately owned custom yacht builder, based in the Netherlands, that has been building full displacement yachts in the range since 1987. It is owned by Mohammed Al Barwani, an Omani billionaire. History Oceanco came into existenc ...

, a

luxury yacht A superyacht or megayacht is a large and luxurious pleasure vessel. There are no official or agreed upon definitions for such yachts, but these terms are regularly used to describe professionally crewed motor or sailing yachts, ranging from t ...

builder based in the Netherlands, in 2010. Its other investments include

Nautilus Minerals Nautilus Minerals Inc. was a Canadian deep sea exploration and mining company founded in 1997, and listed on the Toronto Stock Exchange between 2007 and 2019. The company was known for Solwara-1, the first deep sea mining project, an attempt to ex ...

(28 percent), an underwater mineral exploration company based in Canada,

Al Madina Takaful Al Madina Insurance Company SAOG (commonly known as Al Madina Takaful, ) is an Omani takaful company. It was founded in 2006 as an insurance company. In 2014, the Capital Market Authority granted Al Madina a takaful license. Al Madina then con ...

(26 percent), an Omani

takaful Takaful (, sometimes translated as "solidarity" or mutual guarantee) Khan, ''What Is Wrong with Islamic Economics?'', 2013: p.403 is a co-operative system of reimbursement or repayment in case of loss, organized as an Islamic or ''sharia''-comp ...

operator, and

Watania National Takaful Company (Watania) PJSC () is a takaful company based in Abu Dhabi, United Arab Emirates. The company was created in 2011 by Abu Dhabi National Islamic Finance, Abu Dhabi National Insurance Company, TAQA and Aldar Properties ...

(51 percent), a takaful operator based in

Abu Dhabi Abu Dhabi is the capital city of the United Arab Emirates. The city is the seat of the Abu Dhabi Central Capital District, the capital city of the Emirate of Abu Dhabi, and the UAE's List of cities in the United Arab Emirates, second-most popu ...

. Al Barwani is chairman of the MB Group while his sons head the mining and oil and gas E&P arms.

Operations

MB Holding's key business segments and operating subsidiaries are as follows: * Oilfield services: MB Petroleum Services * Oil and gas exploration and production: Petrogas E&P * Mining: Mawarid Mining * Engineering: United Engineering Services

References

External links

* {{Official website , http://www.mbholdingco.com/ Companies of Oman Conglomerate companies established in 1982 Companies based in Muscat, Oman 1982 establishments in Oman