Al Siraj Holdings

What Al Siraj Holdings does

Al Siraj Holdings SAOC is a private, family-owned diversified investment holding company headquartered in Muscat, Sultanate of Oman, with a portfolio of more than 15 subsidiary companies and affiliated businesses. The group operates across nine broad sectors: construction and contracting (Galfar Engineering & Contracting SAOG with over USD 1 billion turnover and 25,000+ employees; Al Siraj Contracting & Engineering LLC), oil drilling and services (National Drilling & Services Company LLC with 600+ wells drilled; Arabian Industries SAOC with nearly 10,000 employees; Delta International Projects & Engineering LLC), manufacturing (Gulf Plastic Industries Co. SAOG producing FIBCs, woven sacks, and polystyrene cups for export markets), financial services (Muscat Finance Co. SAOG, the leading non-banking financial institution in Oman, licensed by the Central Bank of Oman), higher education (National University of Science & Technology with 4,850 students, formed by merging Caledonian College of Engineering and Oman Medical College, plus International Maritime College Oman), travel and tourism (Travel City LLC with 26 retail branches across Oman as an IATA-approved agent; Travel Point LLC), food and beverage (Bait Al Luban, MADO Oman), fuel filling stations (Oman Filling Stations & Services LLC), and advanced technology (Advanced Technology & Projects Co. LLC providing building management systems using Johnson Controls International and Schneider Electric TAC-Vista controls).

The group's core technology is industrial rather than digital: Galfar operates a fleet of 7,415 plant, equipment, and vehicles for large-scale engineering, contracting, and construction across oil & gas, civil, electro-mechanical, roads & bridges, and environmental projects. Revenue mechanics are highly diversified — one-time project contracts for construction and drilling, recurring tuition for higher education, transaction fees for travel and fuel retail, recurring financial service income at Muscat Finance, and wholesale manufacturing sales across Middle East, Europe, Africa, and the United States. Distribution spans direct enterprise sales to PDO, ADCO, GASCO, TAKREER, and ZADCO; 26 retail travel branches; university campuses; manufacturing distribution networks; and hospitality outlets. Geographic operations extend across Oman, UAE (Abu Dhabi), Qatar, Kuwait, and India.

The group was founded by (Late) Mr. Mohamed Rashid Abdullah Al Fannah Al Araimi, who built Galfar into the Sultanate's largest civil-electro-mechanical contractor before expanding into the broader holding company structure. The company is currently led by Chairperson Mrs. Budoor Mohamed Rashid Al Araimi and Vice Chairperson Ms. Khulood Mohamed Rashid Al Araimi, alongside family directors overseeing investment, industrial/energy, construction, and real estate portfolios. No external private equity or institutional investors are disclosed in the ownership structure.

Name

Al Siraj Holdings

Legal name

Al Siraj Holdings SAOC

Website

https://alsirajholdings.com

Company type

Private

Operating status

Operating

Short description

Al Siraj Holdings SAOC is a private, family-owned diversified holding company headquartered in Muscat, Oman, operating 15+ subsidiaries across construction, oil drilling, manufacturing, higher education, financial services, travel, food & beverage, and advanced technology in the GCC and South Asia.

Ownership category

akta.pro rank

Product category

Diversified Investment Holdings

NAICS

Offices of Other Holding Companies (551112), Corporate, Subsidiary, and Regional Managing Offices (551114), Management of Companies and Enterprises (55111)

SIC

Investors, Nec (6799), Operative Builders (1531), Non-Operating Establishments (9995)

akta.pro primary industry

Family Office Services (Single & Multi-Family Office) (FSABADAF)

akta.pro secondary industries

Corporate Strategic Partnership & Ecosystem Investment Arms (FSANAHAF), Corporate Venture Capital (CVC) (FSANAAAF)

Keywords

• Diversified holding company
• Construction contracting services
• Oil drilling services
• Higher education services
• Manufacturing and trading

Headquarters

HQ city

Muscat

HQ country

Oman

HQ region

Middle East

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Diversified Investment Holdings: Al Siraj Holdings generates revenue through a diversified portfolio of 15+ subsidiary companies operating across construction, oil drilling, manufacturing, higher education, tourism, food & beverage, trading, and technology sectors. The group serves as an investment holding company that nurtures entrepreneurial aspirations and creates businesses across key industries.
2. Construction & Contracting: Galfar Engineering & Contracting is one of the largest multi-disciplined engineering, contracting and construction companies in Oman with turnover over USD 1 billion, operating in Oil & Gas, Civil, Electro-Mechanical, Roads & Bridges and Environmental projects. Revenue generated from project-based contracting and construction services.
3. Oil Drilling & Services: National Drilling & Services Company LLC operates as a pioneer of oil drilling industry in Oman, having drilled more than 600 wells. Revenue generated from drilling contracts and oil field services. Arabian Industries delivers engineered solutions through manufacturing, EPC Projects, Maintenance & Turnarounds, Logistics & Rig Moving services.
4. Food & Beverage Operations: Bait Al Luban restaurant offers traditional Omani cuisine in cultural ambience. MADO Oman specializes in Turkish cuisine, desserts and ice cream. Revenue from hospitality and food service operations.
5. Travel & Tourism Services: Travel City LLC operates 26 travel branches across Oman as IATA-approved Passenger Sales Agent. Travel Point LLC offers holiday packages, in-bound tours, Rent-A-Car and online travel distribution services. Revenue from travel agency commissions and service fees.
6. Financial Services: Muscat Finance Company is the leading non-banking financial institution in the Sultanate of Oman, licensed by Central Bank of Oman and listed with Capital Market Authority. Revenue from financial services including lending and financial products.
7. Higher Education: National University of Science & Technology, Oman Medical College, Caledonian College of Engineering, and International Maritime College Oman provide educational services. Revenue from tuition and educational programs.
8. Fuel Filling Station: Oman Filling Stations & Services LLC operates fuel filling station franchise (formerly BP/Oman Oil) at prime location near Muscat Airport. Revenue from fuel sales and car wash facilities.

Go-to-market motion2 records

Distribution channels7 records

Marketing channels4 records

Core offering

Al Siraj Holdings SAOC is a diversified investment holding company managing 15+ subsidiary companies and affiliated businesses across construction and contracting, oil drilling and services, manufacturing, higher education, financial services, food and beverage, travel and tourism, trading, investments, and building management systems in Oman and the GCC region. The holding company nurtures entrepreneurial ventures across multiple industries and contributes to the Sultanate of Oman's economic and social development through its operating subsidiaries.

Product overview

Al Siraj Holdings SAOC is a diversified investment holding company with a portfolio of more than 15 subsidiary companies and affiliated businesses operating across multiple sectors in Oman and the Gulf region. The group operates through distinct business divisions including Construction & Contracting (Galfar Group, Al Siraj Contracting), Manufacturing (Gulf Plastic Industries), Oil Drilling & Services (National Drilling, Delta International, Arabian Industries), Financial Services (Muscat Finance), Investments (Al Sharqiya Investment Holding), Higher Education (National University of Science & Technology, Oman Medical College, Caledonian College of Engineering, International Maritime College), Fuel Filling Stations (Oman Filling Stations & Services), Food & Beverage (Bait Al Luban, MADO Oman), Hospitality Management, Trading (Al Khalij Heavy Equipment, Al Dastoor), Travel & Tourism (Travel City, Travel Point), Advanced Technology (Building Management Systems), and Industrial Quality Services joint venture. The portfolio spans engineering contracting, manufacturing, energy services, education, hospitality, and professional services.

Differentiator

Problem solved

Functional benefit

Brands

• Travel Point: Travel services including holiday packages, in-bound tours, Rent-A-Car and online travel distribution services
• Bait Al Luban
• MADO Oman

Products and services

• Galfar Engineering & Contracting
• Al Siraj Contracting & Engineering LLC

Quantifiable outcome

• 600+ wells drilled throughout Sultanate
• +4 more outcomes

Named customers11 records

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Twelve partnerships are on record, tiered core and minor.

• Tata ProjectscoreStrategic or Co-development Partner · 1 January 2015In 2015 Al Siraj Holdings signed a joint venture with Tata Projects, one of India's fastest growing infrastructure companies, to offer quality inspection and expediting services for oil and gas as well as power and infrastructure sectors. This joint venture enhances service offerings and helps raise quality compliance standards across various industrial sectors in Oman. Tata Projects has been in quality inspection for over two decades with presence in 40 countries including UAE, Germany, China, Korea, South Africa and Mauritius.
• PEIE (Public Establishment for Industrial Estates)minorStrategic or Co-development Partner · 1 November 2013Caledonian College of Engineering organized third international conference on harnessing technology with PEIE under patronage of Dr Mohammed bin Hamad Al Rumhi, Minister of Oil and Gas. Conference aimed at making Oman an important player in global renewable energy industry.
• Johnson Controls InternationalcoreTechnology or IntegrationAdvanced Technology & Projects Co. LLC provides high quality Building Management Systems using cutting edge technology and latest innovations from principal partner Johnson Controls International. The company is a leading system integrator for intelligent building automation products.
• Schneider Electric (TAC-Vista Controls)coreTechnology or IntegrationAdvanced Technology represents TAC-Vista controls from world renowned brand Schneider Electric. The division operates a quality management system independently certified to comply with ASHRE and EU standards.
• West Virginia University School of MedicinecoreStrategic or Co-development PartnerOman Medical College was established in 2001 as the first private medical school in Oman in partnership with West Virginia University School of Medicine, giving students opportunity to obtain a U.S.-style Medical or Pharmacy degree entirely within Oman. Dr Christopher Colenda (Chancellor of Health Sciences) and Dr Christopher Martin represent WVU on OMC's Governing Council.
• Glasgow Caledonian University (GCU)coreStrategic or Co-development PartnerCaledonian College of Engineering was established in 1996 as a private college in affiliation with Glasgow Caledonian University in Scotland, UK, providing high quality engineering education and contributing to economic industrial, social and cultural development of Oman.
• VIT University (India)minorStrategic or Co-development PartnerCaledonian College of Engineering runs engineering programmes in partnership with VIT University for undergraduate and postgraduate education.
• National Institute of Technology - Durgapur (India)minorStrategic or Co-development PartnerEngineering degree programmes offered in partnership with NIT Durgapur.
• Indian Institute of Information Technology - Allahabad (India)minorStrategic or Co-development PartnerEngineering programmes in partnership with IIIT Allahabad.
• International Research Centre for Renewable Energy (Germany)minorStrategic or Co-development PartnerResearch collaboration with International Research Centre for Renewable Energy in Germany for renewable energy and green technology initiatives.
• Public Establishment for Industrial Estates (Oman)minorStrategic or Co-development PartnerPartnership with PEIE for industrial development and engineering education.
• Gent Fire Detection and Alarm Systems (UK)coreChannel Partner/ Reseller/ DistributorAl Dastoor Contracting & Trading LLC is a leading supplier of electrical, mechanical, computer and electronic components in Oman and has won the 'Distributor of the Year Award' for Gent Fire Detection and Alarm Systems from UK.

Scale indicators12 records

Recent moves8 records

Expansion highlights5 records

Regional players

• Al Ansari Holding: UAE-based diversified family holding with interests in construction, oil services, real estate and trading. Comparable in family-ownership model and diversified operating subsidiaries, though primarily UAE-anchored rather than Oman-anchored.

Direct peers

• Zubair Corporation: Omani diversified family-owned conglomerate with operating subsidiaries across automotive, engineering, oil & gas, travel and logistics. Closely comparable in structure (family-controlled holding, Oman-anchored, multi-sector), geography and scale of operations.
• Bahwan Group: One of Oman's largest privately-held diversified conglomerates spanning construction, engineering, healthcare, education and travel. Directly comparable as a long-established Omani family holding with parallel sector breadth.
• Al Habtoor Group: UAE-based diversified conglomerate covering construction, hospitality, automotive, education and real estate. Comparable in multi-sector breadth, family ownership and GCC operating footprint.
• Darwish Holdings: GCC diversified holding with operations in construction, real estate, industrial services and consumer businesses. Comparable as a regionally diversified, family-influenced multi-sector group.

Others

• Oman Investment Authority: Oman sovereign wealth fund that oversees national strategic assets and has overlapping exposure to several of the same sectors (energy, manufacturing, education) as Al Siraj Holdings. Comparable as a large-scale Oman-anchored institutional investor with multi-sector portfolio.
• Tata Projects: Indian infrastructure EPC firm and JV partner with Al Siraj in Industrial Quality Services LLC. Comparable as a strategic partner/peer in oil & gas and infrastructure quality inspection across the GCC and India.

Emerging players

• Arabian Industries LLC: Oman-based oil & gas EPC and industrial services provider with ~10,000 employees. Comparable in services scope, customer base (PDO, Occidental) and GCC operating footprint; technically a sister subsidiary but functionally a peer at the operating level.
• Galfar Engineering & Contracting SAOG: Although a subsidiary of Al Siraj Holdings, Galfar is itself a publicly listed Omani construction major. Comparable as a regional EPC contractor serving PDO and ADNOC-group clients; serves as the Group's flagship benchmark for valuation.

Broad incumbents

• Majid Al Futtaim: UAE-listed diversified holding operating malls, hotels, retail and entertainment across the Middle East. Comparable as a regional family-controlled diversified platform with operating-subsidiary structure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries24 records

Funding overview

Funding rounds

Investors

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

M&A

Investments1 record

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

Frequently asked questions about Al Siraj Holdings