What MB Holding Company does

MB Holding Company is a multinational firm that specializes in drilling, production of oil and gas, mining, and marine engineering services.

Name

MB Holding Company

Legal name

MB Holding Company LLC

Website

https://mbholdingco.com

Company type

Private

Founded year

1982

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

MB Holding Company is a multinational firm that specializes in drilling, production of oil and gas, mining, and marine engineering services.

Ownership category

akta.pro rank

Headquarters

HQ city

Muscat

HQ country

Oman

HQ region

Middle East

Offices15 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Oilfield Services: Integrated drilling and oilfield services including drilling rigs, workover rigs, wireline and well testing units providing services throughout field lifecycle. Revenue from long-term contracts with operators in MENA region.
2. Oil & Gas Exploration and Production: Exploration and production of oil and gas through Petrogas E&P operating in Oman, Egypt, Netherlands, and UK. Production exceeds 80,000 bopd.
3. Mining Operations: Exploration and development of copper and gold mines in Oman and internationally (Namibia, Rwanda, Papua New Guinea)
4. Engineering Services: Engineering services for oil & gas and power generation & water sectors with facilities in Oman, UK, Germany, and Malaysia
5. Marine Engineering - Yacht Manufacturing: Luxury superyacht construction through Turquoise Yachts specializing in 60+ meter vessels with shipyards in Turkey
6. Real Estate Development: Property development and management through Musstir across Middle East and Africa
7. Aviation Services: Commercial helicopter services including tourism, oil and gas, air ambulance through Al Sharqiya Aviation
8. IT Services: Managed services, application solutions, ERP architecture, network and cybersecurity through Synapse

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

MB LLC is a diversified multinational group providing oilfield services (drilling, workover, well services, wireline, drilling fluids), oil and gas exploration and production (80,000+ bopd gross), copper and gold mining exploration and development, engineering services for oil and gas and power/water sectors, and luxury superyacht construction (60+ meter vessels). It also operates real estate development, commercial helicopter services, and IT managed services through wholly-owned subsidiaries across the Middle East, Europe, Africa, South Asia, and Australia.

Product overview

MB LLC is a diversified multinational conglomerate operating as a private investment holding company with a portfolio of subsidiary companies across multiple industries. The group provides a broad range of products and services through distinct business units: MB Petroleum Services (oilfield services), Petrogas E&P (oil & gas exploration and production), Mawarid Mining (mining & minerals), United Engineering Services (engineering services), Musstir (real estate development), Al Sharqiya Aviation (aviation services), Synapse (IT services), Turquoise Yachts (superyacht manufacturing), and MBI (business process outsourcing). The portfolio spans the energy, mining, engineering, real estate, aviation, marine, and technology sectors across the Middle East, Europe, Africa, South Asia, and Australia. MB Foundation serves as the group's corporate social responsibility arm.

Differentiator

Problem solved

Functional benefit

Products and services

• MB Petroleum Services (MBPS) Oilfield Services Comprehensive one-stop-shop oilfield services for oil and gas operators in the Middle East, including integrated drilling, workover, wireline, well testing, and drilling fluids across the well lifecycle. Operates across Oman, Saudi Arabia, Bahrain, and Kuwait.
• Petrogas E&P Oil and Gas Exploration and Production Exploration and production of oil and gas for international and national oil companies, operating in Oman, Egypt, the Netherlands, and the UK, with current production exceeding 80,000 bopd gross.
• Mawarid Mining copper and gold exploration and production Mining and mineral exploration company focused on copper and gold; the first private-sector mining company to engage in exploration and development in Oman, with international operations in Namibia, Rwanda, and Papua New Guinea.
• United Engineering Services (UES) Engineering Services Engineering services provider for oil and gas and power generation and water sectors, with facilities in Oman, UK, Germany, and Malaysia delivering projects for over four decades.
• Musstir Real Estate Development Real estate development and property management for the MB Group across high-growth markets in the Middle East and Africa.
• Al Sharqiya Aviation (ASA) Commercial Helicopter Services Commercial helicopter services for tourism, oil and gas, and air ambulance, staffed by experienced aviation professionals; Oman's first commercial helicopter service provider.
• Synapse IT Services IT services including managed services, application solutions, ERP architecture, network and cybersecurity services for corporate clients.
• Turquoise Yachts Superyacht Manufacturing Custom luxury superyacht construction for ultra-high-net-worth clients, specializing in 60+ meter vessels from two shipyards in Istanbul and Kocaeli, Turkey.
• MBI (MB Informatics) Business Process Outsourcing Business process outsourcing services including Finance & Accounting, Payroll, Data Analytics & Automation, Process Consulting, and Recruitment and Talent Management for corporate clients.

Quantifiable outcome

• Reduced fairing time from 9-10 months to 7-8 months at Turquoise Yachts
• +3 more outcomes

Named customers2 records

Segments8 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered flagship, core and minor.

• ADNOC DrillingflagshipStrategic or Co-development Partner · 4 May 2026ADNOC Drilling completed acquisition of 80% stake in MB Petroleum Services MENA for $204 million through a joint venture with MB Holding, with MB LLC retaining 20% stake. The deal adds 22 drilling and workover rigs plus production service units, expanding ADNOC Drilling's operations across Oman, Kuwait, Saudi Arabia, and Bahrain. The acquired business's 2026 financial results will be fully consolidated within ADNOC Drilling's onshore segment.
• AkzoNobelcoreTechnology or IntegrationTurquoise Yachts partnered with AkzoNobel to develop spray-applied fairing system under the Awlgrip range, combining automated application equipment with advanced filler materials for consistent yacht hull surface quality.
• Herbert Smith Freehills Kramer LLPminorImplementation/ SI/ Consulting PartnerActed as legal advisor to MB Group in connection with the ADNOC Drilling transaction
• Houlihan LokeyminorImplementation/ SI/ Consulting PartnerServed as exclusive financial advisor to MB Group in connection with the Transaction

Scale indicators11 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Galfar Engineering & Contracting: Omani-listed engineering and oilfield services contractor with operations across oil & gas, construction, and infrastructure in MENA. Directly comparable to MB Petroleum Services and United Engineering Services given shared Omani roots and overlapping oilfield/engineering service lines.
• Lamprell: UAE-based oilfield services and rig builder serving the MENA region. Comparable to MB Petroleum Services in oilfield services delivery and to United Engineering Services in fabrication/engineering for energy clients.
• National Petroleum Construction Company (NPCC): Abu Dhabi-based EPC and oilfield services provider with regional MENA focus. Comparable to MB Petroleum Services and United Engineering Services in upstream oil & gas services and engineering delivery.
• Royal IHC: Netherlands-based marine engineering and shipbuilder serving dredging, offshore, and defense markets. Comparable to MB Holding's marine engineering operations and Turquoise Yachts' shipbuilding capabilities.
• Oceanco: Netherlands-based luxury superyacht builder specializing in large custom vessels. Directly comparable to Turquoise Yachts; MB Holding Vice Chair Usama Al Barwani sits on Oceanco's board, reinforcing the close peer relationship.

Broad incumbents

• Mubadala Investment Company: Abu Dhabi sovereign-backed diversified investment company with energy, mining, and engineering holdings. Comparable to MB Holding as a regional diversified group pursuing a multi-sector platform strategy.
• ADQ: Abu Dhabi diversified holding company with energy, mining, food, healthcare, and logistics investments. Comparable to MB Holding's stated ambition of becoming a diversified private equity investment house with multi-industry exposure.
• Damen Shipyards Group: Netherlands-based global shipbuilder with marine engineering, offshore, and yacht capabilities. Comparable to MB Holding's marine engineering and Turquoise Yachts' superyacht construction operations at a broader shipbuilding scale.

Regional players

• Petroleum Development Oman (PDO): Oman's largest oil & gas exploration and production company, operating many of the same concessions that Petrogas E&P develops. Comparable as a regional upstream peer and a key customer for MB Petroleum Services.
• Orascom Construction: Egypt-based engineering, procurement, and construction group with MENA infrastructure and energy exposure. Comparable to United Engineering Services and MB Holding's diversified regional construction/engineering positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key highlights6 records

Customer concentration

• Xx.com/MBH_Oman
• LinkedInlinkedin.com/company/mb-holding-company-llc/posts/?feedView=all
• Instagraminstagram.com/mbh_oman

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Subsidiaries10 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MB Holding Company