Gulf Business

MOHAMMED AL BARWANI

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CHAIRMAN, MB HOLDING ORIGIN OMAN RESIDENCE OMAN SECTOR ENERGY 2016 RANK 31

Omani billionair­e Mohammed Al Barwani first made his fortune by providing oil field services with his company MB Holding, founded in 1982. It is now one of the country’s largest conglomera­tes, specialisi­ng in oil and gas exploratio­n and production, and to a lesser extent, engineerin­g services and mineral mining. Having a love for boats from a young age, he also owns the Dutch luxury yacht builder Oceano and a Turkish shipyard Turquoise Yachts. Last year, MB Holding gained approval to issue sukuk through a $150 million Islamic bond programme, making it the second company in Oman to able to do so.

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