Moutaz Al-Khayyat

Last updated
Moutaz Al-Khayyat
Born (1983-04-16) 16 April 1983 (age 40)
Education University of the West of Scotland
OccupationChairman of Power International Holding
Website powerholding-intl.com

Moutaz Al-Khayyat (born 16 April 1983) is a Syrian businessman based in Doha, Qatar. He is the Chairman of Power International Holding and UrbaCon Trading & Contracting (UCC), one of the largest global building and contracting companies. [1] [2] He is a Founder Partner and Chairman of Baladna Food Industries and Chairman of Estithmar Holding. [3] [4]

Contents

Early life

Moutaz Al-Khayyat was educated at the University of the West of Scotland. Al-Khayyat’s father, Mohamad Raslan Al Khayyat, founded Al Khayyat Contracting and Trading (KCT) in 1983. Al Khayyat Contracting and Trading was one of the largest construction and trading companies in Qatar. It expanded its operations into neighbouring countries, undertaking several large and complex projects ranging from highways and bridges, to infrastructure works, factories, commercial complexes and luxury residential and hotel facilities. [5]

Career

Baladna

Al-Khayyat co-founded Baladna Food Industries in March 2014. [6] In November 2019, Baladna launched its initial public offering. The IPO was received positively and became oversubscribed. [7] The company offers a range of more than 250 product lines within the dairy category, including milk, yoghurt, Laban, cheese, juices and organic fertilizers. A herd of 22,000 cattle produces 400,000 litres of milk a day. [8]

Qatar Diplomatic Crisis

Al-Khayyat rose to prominence during the Qatar Diplomatic Crisis as the “Man who airlifted 4,000 dairy cows” into the country to bypass the Saudi blockade of the country. [9] [10]

UCC Holding

Al-Khayyat and his brother Ramez Al-Khayyat founded Urbacon Trading & Contracting (UCC) in Qatar, as second-generation owners. UCC Holding is one of the GCC’s main grade one licensed building and contracting companies. [11]

Power International Holding

Al-Khayyat is the Chairman of Power International Holding. The company consists of a diverse portfolio of businesses from five main sectors: general contracting, real estate development, food industries, lifestyle and services. [12]

In September 2022, Power International was listed by Forbes in the Middle East's Top 100 Arab Family Businesses, ranking thirteenth. [13]

Estithmar Holding

Al-Khayyat was appointed as Chairman of Estithmar Holding QPSC, a listed company on the Qatar Stock Exchange, in April 2022. [14] In the same month, Estithmar acquired Elegancia Group, a group of 29 companies with 30,000 employees working in healthcare, services, ventures, contracting and industries. [15] [16]

Other

Al-Khayyat is the Chairman of Aura Group, which operates in the food and beverage sector and family entertainment outlets in Qatar. [17] He is also the Chairman of Assets, a real estate company that has developments in the residential, hospitality and commercial sectors. [18]

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References

  1. ↑ EDT, Jack Moore On 7/13/17 at 12:19 PM (2017-07-13). "Cows on a plane: Qatar flies in 165 Hungarian heifers as milk demand spikes during Doha-Riyadh beef". Newsweek. Retrieved 2019-11-25.{{cite web}}: CS1 maint: numeric names: authors list (link)
  2. ↑ "Report: Qatar's UrbaCon considering US$1 billion IPO". Doha News. 2016-02-17. Retrieved 2019-11-25.
  3. ↑ "Qatar will have enough milk by Ramadan: Baladna". www.aljazeera.com. Retrieved 2019-11-25.
  4. ↑ "Estithmar Holding QPSC - Stock Exchange Profile". Qatar Stock Exchange.
  5. ↑ "UCC (Urbacon Construction & Trading)". www.constructionglobal.com. Retrieved 2019-11-25.
  6. ↑ Africa, Food Business (2019-10-19). "Qatari dairy company Baladna Food Industries to raise US$392m in IPO". www.foodbusinessafrica.com. Retrieved 2019-11-25.{{cite web}}: |first= has generic name (help)
  7. ↑ "Baladna IPO oversubscribed on high demand from investors". Gulf-Times (in Arabic). 2019-11-13. Retrieved 2019-11-25.
  8. ↑ "Bovine heroes: The quest for food security in Qatar". Qatar-Tribune. Retrieved 2021-07-12.
  9. ↑ "4,000 cows are being airlifted into Qatar". The Independent. 2017-06-13. Retrieved 2019-11-25.
  10. ↑ Beaumont, Peter (2017-06-13). "Plan to airlift 4,000 cows to isolated Qatar to maintain milk supplies". The Guardian. ISSN   0261-3077 . Retrieved 2019-11-25.
  11. ↑ "Urbacon Contracting & Trading - Brochure 2016". Issuu. Retrieved 2019-11-25.
  12. ↑ "2018 CFO Awards". www.acq-intl.com. Retrieved 2019-11-25.
  13. ↑ Mughal, Waqar. "Power International Holding (PIH) - The Top 100 Arab Family Businesses". Forbes Lists. Retrieved 2022-10-19.
  14. ↑ "Investment Holding Group: Board of directors meeting results". Qatar Stock Exchange. April 2022.
  15. ↑ "Investment Holding Group: The AGM and EGM Endorses items on it's [sic] agenda". Qatar Stock Exchange. April 2022.
  16. ↑ "The General Assembly of Investment Holding Group approves the acquisition of Elegancia Group". Gulf-Times (in Arabic). 2022-04-13. Retrieved 2022-05-18.
  17. ↑ "Message From the Board - Aura Group". auragroup-intl.com. Retrieved 2022-05-18.
  18. ↑ Qatar, Assets Real Estate Development In. "Assets Real Estate Development" . Retrieved 2022-05-18.
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