The UAE’s rich heritage and culture, its globally acknowledged achievements and benchmark progress find flourishing synergy in the achievements, contributions, and successes of the Mohamed & Obaid AlMulla Group.
The Mohamed & Obaid AlMulla Group’s deep respect for tradition and culture is yoked to modernity in a world evolving at a lightning pace. One of the UAE's most dynamic business groups, the second generation of the AlMulla family is now upholding the mission and vision of its forefathers. The Group was an early role model in the UAE for incorporating corporate governance laws as a fulcrum in its business operations.
The Mohamed & Obaid AlMulla Group’s origins date back to 1942 when it entered the market as a private, family-owned business in the construction sector. The Group’s foresight and pursuit of innovative strategies helped its diversification into strategic areas of economic growth such as hospitality, healthcare, real estate, and travel & tourism, contributing to Dubai’s international fame with path-defining and iconic brands in these domains.
The AlMulla Group’s historical roots run into over seven decades of enterprise and dynamism and its growth and success are nourished by its patriotism and pride for the values of the UAE.
Birth of Mohamed & Obaid AlMulla Group.
Foray into property and real estate with the development and construction of its own properties to meet the growing demands of its business divisions. Today, the Mohamed & Obaid AlMulla Group has a significant land bank in Dubai with prestigious properties.
Dubai’s first-ever mixed-use property, AlMulla Plaza, is built, paving the way for others to follow.
American Hospital Dubai, the Group’s flagship brand, established to deliver world-class, American-standard healthcare to the UAE and the region.
UNIMED (United Medical Supplies) launched to supply medical equipment and pharmaceutical products to sister company, American Hospital Dubai. UNIMED today caters to the needs of the entire UAE market in this domain.
Travel & Tourism division launched, which quickly establishes itself as a leading provider of travel-related services.
Monrol UAE formally established as a manufacturer of radiopharmaceuticals, the first of its kind at the time in Dubai.
The Group’s foray into hotel management and franchise operations with four hotels in the Holiday Inn Express (HIEX) brand in a franchise tie-up with IHG® Hotels & Resorts. Today, its Hospitality division runs leading hotels including Crowne Plaza Dubai - Deira, Ramada Jumeirah and Holiday Inn Express (HIEX).
Acquisition of Ishraq Dubai, which becomes the group’s dynamic asset management and hospitality division. Ishraq Dubai LLC today operates some of the most prestigious international hotel franchises in Dubai.
American Hospital Dubai is selected to join the prestigious Mayo Clinic Care Network (MCCN). It’s the first healthcare organisation in the Middle East to do so.
The Hospitality division grows to a full-fledged management of eight hotels.
Ishraq Dubai LLC signs Master Development Agreement (MDA) with IHG® Hotels & Resorts, to develop eight new hotels across IHG's midscale brand, Holiday Inn Express (HIEX), in Dubai and MEA region.