Our Story · Since 1924
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Our Story

A century-old, family-held investment house — built on one merchant's vision and carried forward, generation after generation.

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The Enterprise

What began as one man's vision has grown into an enduring family enterprise in the region.

Founded in Dubai in 1924 by Mostafa Bin Abdullatif, MBAL has grown from a single merchant's trading house into a diversified, family-held holding company — today entrusted to close to one hundred family shareholders and guided by a Board of Directors.

Meet the founder
Founded
1924 · Dubai, U.A.E.
Founder
Mostafa Bin Abdullatif
Ownership
~100 family shareholders
Governance
Board of Directors
CEO
Hamdan Mostafa
Headquarters
O14 Tower, Business Bay, Dubai
Mostafa Bin Abdullatif, founder
Mostafa Bin Abdullatif — the founder, and the conviction that became the foundation of everything that followed.

A merchant's vision.

A pioneering merchant whose trade once reached from the Gulf to Europe — and the enterprise that still carries his name.

Mostafa Bin Abdullatif was among the pioneering merchants of his time — a respected trader who helped open business channels across the great hubs of the age: Bombay, Karachi, Kuwait, Bahrain and Dubai. Alongside fellow Arab merchants he exported regional goods to France and the United Kingdom, and established shipping routes that connected the Gulf with the wider world.

He was a steady advocate for the rights of local merchants and was instrumental in founding what would become the Chamber of Commerce in Bahrain, as well as the first bank in the Gulf. He was equally known for his charitable work, much of it recorded in the history of the region.

In 1924 he established his trading house in Dubai, a city he believed would become a meeting point for the trade routes of the Gulf, India and Europe. That conviction would shape the century that followed.

From the Archive

Mostafa Bin Abdullatif, founder of the MBAL group

Mostafa Bin Abdullatif

Founder
Leadership & Stewardship

Honouring the past, leading forward.

For over a century we have upheld a tradition of integrity, responsibility and long-term commitment across every business we operate. While we honour our past, our eyes are set firmly on the future — embracing innovation, digital transformation and sustainability as drivers of growth.

Our Board of Directors define the path forward and stand as guardian of shareholder rights, while our shareholders - close to one hundred members of the family — remain at the heart of the journey.

How we're organised.

A holding company structured for the long term — diversified across activities, unified under one family.

01

Holding Company

A family-held investment holding company, structured vertically across holdings and subsidiaries.

02

Three Core Divisions

Trading, Real Estate and Investments — the operating heart of the Group.

03

Family Office

Stewardship of the family's private and global interests, across generations.

04

Board & Shareholders

A Board of Directors guarding the interests of close to one hundred family shareholders.

Purpose

Our Mission

To steward and grow the capital entrusted to us — investing with discipline across trading, real estate and investments to deliver dependable, long-term returns for our shareholders and partners.

Our Vision

To stand among the region's most trusted family investment houses — building a resilient, diversified portfolio designed to endure across cycles and generations.

01

Integrity

We honour our commitments and hold to our principles — partner by partner, generation after generation.

02

Excellence

We pursue quality and discipline in everything we build, own and represent.

03

Community

We invest in the people and places around us, because a thriving community is the truest measure of success.

A partner for the long term.

Whether you are a shareholder, a prospective partner or an organization considering us, our team would be glad to interact.

Request an introduction