Al Rabban Holding Company

Al Rabban Holding Company is a Qatari holding company, that is, a company that owns enough voting stock in other companies to control their corporate policies and management. This company features a diversified portfolio of companies and partnerships.[1]

Al Rabban Holding Company is responsible for much of the growth of the Qatari economy, generating over 80% of non-oil GDP in the GCC.[2]

Overview

Al Rabban Holding Company is a family-run holding company that was founded in 1970 when Khalid bin Mohammed al-Rabban took over the Rabban Contracting and Trading Co. (WLL) and initiated a growth strategy that carefully selects strategic partnerships with international industry leaders to add value and diversify the holding and advance Qatari growth.[1][2] Khalid Al Rabban joined Qatar Holding as part of the General Portfolio Team, specializing in the retail and luxury industries after a long career in various ministries, financial institutions, investment firms, developers, banks and portfolio managers.[3] The companies managed by Al Rabban Holding include Rabban Readymix Company, Rayyan Mineral Water Company, Al Sarh Real Estate, Rabban Services Company, Rabban Contracting and Trading Company, Arabian Falcon Transport Company, Rabban Stefanutti Stocks, Rabban Hospitality, and Al Tayer Stocks. The holding company has interests in contracting, cement, general sponsorship and trading.[4] The group’s financial advisor is the local Islamic Bank, Masraf Al Rayan.[2] The Group’s focus is to play a leading role in the ongoing development of Qatar, and to work within this role in providing both quality products and service to clients and consumers.[5]

Leadership

The founder, chairman, and managing director of the Al Rabban Holding Company is Khalid bin Mohammed al-Rabban.[6] Al Rabban has been associated to terrorist organizations and terror financing.[7]

In 1961, Al Rabban was arrested during his tenure as an initial donor and board member of the Talia Club in Qatar. This controversial cultural club put forth provocative political content, and acted as a political party in Qatar, but was disbanded after its headquarters were raided and its members arrested. [8][9]

He was also the President and board member of a Swiss-based charity organization called Alkarama foundation.[10] Alkarama fronts as a human rights advocacy group, but in actuality functions as a network for political Islamists. Two of Alkarama’s founding members Abd al-Rahman bin Umayr al-Nuaymi and Abdul Wahab al-Humaiqani are on the U.S. Department of Treasury’s sanctions list for their work as a major al-Qaeda financiers and representatives in the Arabian Peninsula. They are classified as Specially Designated Global Terrorists through their transferring of millions of dollars in funding to terrorist groups.[11] In addition, this organization has represented clients associated with Islamist militants operating in Syria.[12]

Al Rabban is a member of the Global Anti-Aggression Campaign led by a close mentor of Osama bin Laden, Safar bin Abdul Rahman al-Hawali.[13] The campaign has supported Hamas leadership and Hamas members’ in their quest for jihad, and also lists al-Nuyami as a member.[14][15][16][17]

Current standing

In the latest news, Al Rayyan Mineral Water Company, previously with 100% ownership by Al Rabban Holding Company, went from a limited liability corporation to a publish shareholding company in 2016.[18][19] In 2014, Rabban Hospitality signed an agreement with Frasers Hospitality regarding the development and operations management of Frasers Suites, a 46 story tower in West Bay Doha.[20]

References

  1. 1 2 "Al Rabban Holding Co. | About Al Rabban Holding". Alrabbanholding.com. 2013-01-18. Retrieved 2016-11-27.
  2. 1 2 3 "Qatari bottled water firm Rayyan set to list by end-2016 - Markets". ArabianBusiness.com. 2016-06-10. Retrieved 2016-11-27.
  3. ↑ Khaled Sultan Al-Rabban (2014-07-11). "Khaled Sultan Al-Rabban: Executive Profile & Biography". Bloomberg. Retrieved 2016-11-27.
  4. ↑
  5. ↑ "Qatari Businessmen Association-Khalid Al Rabban". Qataribusinessmen.org. Retrieved 2016-11-27.
  6. ↑ "Al Rabban Holding Co. | Chairman's Message". Alrabbanholding.com. 2013-01-18. Retrieved 2016-11-27.
  7. ↑ "جريدة الراية - الفرقان تتبرع ب500 ألف ريال لدعم مدراس عربية في إفريقيا واسيا". Raya.com. 2008-04-15. Retrieved 2016-11-27.
  8. ↑ "The Report: Qatar 2009". Oxford Business Group. 1 January 2004 – via Google Books.
  9. ↑ "نادي الطليعة | علي خليفه الكواري". Dr-alkuwari.net. 2016-02-22. Retrieved 2016-11-27.
  10. ↑ "Alkarama's Board and Staff members - Alkarama Foundation". En.alkarama.org. 1996-07-31. Retrieved 2016-11-27.
  11. ↑ "Treasury Designates Al-Qa'ida Supporters in Qatar and Yemen". Treasury.gov. Retrieved 2016-11-27.
  12. ↑ Warrick, Joby (2013-12-22). "Islamic charity officials gave millions to al-Qaeda, U.S. says". The Washington Post. Retrieved 2016-11-27.
  13. ↑ "Qawim Arabic Website". Ar.qawim.net. 2006-05-17. Retrieved 2016-11-27.
  14. ↑ "الحملة العالمية لمقاومة العدوان تؤكد شمولية المقاومة". Aljazeera.net. 2005-02-24. Retrieved 2016-11-27.
  15. ↑ Travis, Alan; editor, home affairs (24 March 2009). "Hazel Blears' standoff with Muslim Council overshadows new anti-terror launch" – via The Guardian.
  16. ↑ "Middle East | Clerics urge new jihad over Gaza". BBC News. 2009-02-17. Retrieved 2016-11-27.
  17. ↑ "Qawim Arabic Website". Ar.qawim.net. 2006-05-19. Retrieved 2016-11-27.
  18. ↑ "Qatar's bottled water company Rayyan considering IPO this year - Doha News". Dohanews.co. 2016-06-10. Retrieved 2016-11-27.
  19. ↑ "Qatar's bottled water company Rayyan considering IPO this year | InBusiness". Inbusiness.ae. 2016-06-10. Retrieved 2016-11-27.
  20. ↑ "Rabban Hospitality to build high rise tower in Doha's West Bay | Qatar | Construction". ArabianIndustry.com. 2014-03-02. Retrieved 2016-11-27.
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