Al-rafidain Group

What Al-rafidain Group does

Al-Rafidain Group (legally Al Rafidain International Enterprises / شركة الرافدين الدولية للمشاريع) is a privately held Iraqi diversified conglomerate headquartered in Baghdad, founded in 1998 by a specialized team of consultants and experts in commerce, economics, and legal fields. The group operates as a holding entity unifying 30+ wholly-owned subsidiaries across 18+ sectors, including pharmaceutical manufacturing (Wadi Al-Rafidain, Ibn Al-Haytham, Al-Kut Drug Store), real estate investment and development (Al-Qaryah, Al-Zaan, Palm Towers with 20 residential towers, Hamat), hospitality (Nardin Company managing Nara Café, Naranj, La Moka, Casper & Gambini's, Al-Bun), travel and tourism (Sargon), transportation (Al-Mosafer taxi, Al-Hajjan luxury car rental, Europcar franchise, Alqrtas, Al-Bashiq, Balad Al-Shaheen CIP hall at Baghdad International Airport), retail (Joy Shop toy stores in Baghdad and Basra, Alkahraman/Zoughaib & Co. jewelry), construction (Al-Mandaloun, Alsaahil Alakhdar), entertainment (Adventure Planet FEC at 3,500 sqm), education (AGYAL with GSE Education), IT solutions (Al Etihad), security (Enana), insurance brokerage (Al Atlas), legal services (Nippur), consulting (Mashrouak), and advertising (Sanmar). The conglomerate is led by CEO Ali M. Muossa, with no public ownership, no institutional investors, and operations limited to Iraq.

The business model spans multiple revenue streams: pharmaceutical manufacturing and distribution (Wadi Al-Rafidain syrups/suspensions/tablets distributed via Al-Kut Drug Store), retail and franchise sales (Joy Shop, Alkahraman, Nardin restaurants, Casper & Gambini's), real estate project sales and leasing (Palm Towers, Al-Qaryah, Al-Zaan), transportation rental fees and transport fares (Al-Hajjan, Europcar, Al-Mosafer, Alqrtas), construction project contracts (Al-Mandaloun, Alsaahil Alakhdar), and professional service fees (Enana, Al Atlas, Nippur, Mashrouak, Al Etihad, Sanmar). The group employs a diversified go-to-market strategy combining direct-to-consumer retail, franchise operations (Europcar, global food brands via Al-Bun), exclusive distribution (Al-Kut Drug Store for Wadi Al-Rafidain, Alkahraman for Zoughaib & Co.), direct enterprise sales (security services to banks/malls/hotels, airport CIP services), and event-driven channels (Adventure Planet, hotel and F&B brands). The group explicitly states a long-term investment perspective, preferring acquisitions in fields where management has significant experience, and centralizes administrative and financial management across subsidiaries while allowing each entity operational autonomy. No revenue, headcount, or pricing data is publicly disclosed.

Name

Al-rafidain Group

Legal name

Al Rafidain International Enterprises (ALRAFIDAIN INTERNATIONAL ENTERPRISES) / شركة الرافدين الدولية للمشاريع

Website

https://alrafidain-group.com

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Al-Rafidain Group is a privately held Iraqi diversified conglomerate founded in 1998, unifying 30+ wholly-owned subsidiaries across 18+ sectors including pharmaceuticals, real estate, hospitality, retail, transportation, construction, and IT, serving Iraqi consumers, businesses, and government institutions.

Ownership category

akta.pro rank

Headquarters

HQ city

Bagdad

HQ country

Iraq

HQ region

Middle East

Offices8 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Pharmaceutical Manufacturing and Distribution: Wadi Al-Rafidain (est. 1998) and Ibn Al-Haytham (est. 2019) manufacture pharmaceutical products including syrups, suspensions, and tablets for the Iraqi market. Al-Kut Drug Store (est. 1986, HQ moved to Baghdad 2004) distributes pharmaceutical products as exclusive agent for Wadi Al-Rafidain. Revenue generated from product sales through distribution networks.
2. Retail Sales: Joy Shop operates retail toy stores in Baghdad (2) and Basra (1), selling international branded toys (Barbie, Nerf, Lego, Hasbro, Fisher Price, etc.). Alkahraman (est. 2021) retails luxury gold and jewelry. Zoughaib & Co. distributes fine jewelry. Revenue from direct consumer retail sales.
3. Food, Beverage, and Hospitality Franchises: Nardin Company (est. 2008) manages restaurant and café brands including Nara Café & Restaurant (Syrian cuisine, 2 branches), Naranj Restaurant, La Moka bakery, Casper & Gambini's, and Al-Bun Company (franchise operations for worldwide brands). Revenue from food and beverage sales, franchise fees, and restaurant operations.
4. Transportation and Car Rental Services: Al-Hajjan (luxury car rental, est. July 2023), Europcar franchise (global brand est. 1949, 140+ countries), Alqrtas (general and passenger transport, est. 2022), Al-Bashiq (public services and passenger transport, est. 2019), Al-Mosafer taxi service, Balad Al-Shaheen (CIP hall at Baghdad International Airport, est. 2018), and Hajj/Umrah transport services. Revenue from rental fees, transport fares, and service charges.
5. Real Estate Investment and Development: Al-Qaryah (real estate investment, est. 2019, licensed by Ministry of Economy), Al-Zaan (real estate development, est. 2023), Palm Towers (20 residential towers development), Hamat (real estate construction, est. 2021). Revenue from property sales, leasing, and development projects.
6. Construction and Engineering Services: Al-Mandaloun (civil engineering, est. 10+ years ago) provides building construction, road construction, bridge building, tunneling, earthworks, infrastructure, and PPP decoration works. Alsaahil Alakhdar (est. 2013) provides general contracting and public services. Revenue from project-based construction contracts.
7. Financial and Professional Services: Enana (securities services management, est. 2021) provides security services for industries, banks, malls, hotels, restaurants, and jewelry stores. Al-Atlas Insurance Brokerage provides insurance services. Nippur provides legal consultation and litigation services. Mashrouak provides economic consulting and project management. Revenue from service fees.
8. Travel and Tourism Services: Sargon Travel & Tourism (est. 2019) provides air travel services, car rental partnerships, travel insurance, and tour packages. Revenue from travel bookings, commissions, and tourism services.
9. General Trading and Commercial Agencies: Al Teyan (est. 2020) provides general trade and commercial agency services, representing brands in Iraq. Adventure Planet FEC (family entertainment centers, est. January 2017, 3,500 sqm). Revenue from trading margins, commercial commissions, and FEC admissions.
10. IT Solutions and Advertising Services: Al Etihad (IT Solutions, est. 2022) provides software development, IT infrastructure, networking, and cybersecurity. Sanmar (est. 2020) provides digital marketing and advertising services to local companies. Revenue from service contracts and professional fees.
11. Education Services: Agial (est. 2022) provides educational and pedagogical services in partnership with GSE Education (est. 2011), offering training, coaching centers, schools, and universities. Revenue from educational service fees.

Go-to-market motion4 records

Distribution channels9 records

Marketing channels3 records

Core offering

Al-Rafidain Group operates as a diversified Iraqi conglomerate holding company that unifies over 30 wholly-owned subsidiaries across 18+ sectors. Core offerings include pharmaceutical manufacturing and distribution (Wadi Al-Rafidain, Ibn Al-Haytham, Al-Kut Drug Store), real estate investment and development (Al-Qaryah, Al-Zaan, Palm Towers, Hamat), hospitality and food services (Nardin, Nara, Naranj, La Moka, Casper & Gambini's, Al-Bun), transportation and car rental (Europcar, Al Hajjan, Al Mosafer, Al Bashiq, Alqrtas, Balad Al-Shaheen), construction and civil engineering (Al-Mandaloun, Alsaahil Alakhdar), IT solutions (Al Etihad), insurance brokerage (Al Atlas), legal services (Nippur), consulting (Mashrouak), securities (Enana), retail toys (Joy Shop), jewelry (Alkahraman, Zoughaib & Co.), travel (Sargon), entertainment (Adventure Planet), and education (Ajyal). The group provides centralized administrative and financial oversight while each subsidiary operates independently in its respective market within Iraq.

Product overview

Al Rafidain Group (Al Rafidain International Enterprises) is a diversified conglomerate established in 1998 in Iraq, operating as a holding company that unifies various subsidiaries under a cohesive administrative framework. The company functions as a multi-industry enterprise with distinct subsidiaries spanning 18 sectors: pharmaceutical manufacturing (Wadi Al-Rafidain, Ibn Al-Haytham, Alkut Drug Store), real estate investment (AI-Qaryah, Al-Zaan, Palm Towers, Hamat), hospitality and food services (Nardin Company managing Naranj, Nara Café, La Moka, Casper & Gambini's, Al-Bun), travel and tourism (Sargon), general trading (Al Teyan, Adventure Planet FEC, Joy Shop), jewelry (Alkahraman, Zoughaib & Co.), legal services (Nippur), insurance brokerage (Al Atlas), securities services (Enana), economic consultation (Mashrouak), civil engineering (Al-Mandaloun, Alsaahil Alakhdar), transportation (Al Bashiq, Al Mosafer, Al Hajjan, Europcar, Alqrtas, Balad Al-Shaheen), education (AJYAL), IT solutions (Al Etihad), advertising (Sanmar), and logistics (Hayat, Jetoryx). The group manages its portfolio companies with centralized administrative and financial oversight while allowing each subsidiary operational autonomy in their respective markets.

Differentiator

Problem solved

Functional benefit

Brands

• Wadi Al Rafidain: Pharmaceutical manufacturing company producing syrups, suspensions, and tablets, established in 1998.
• Nardin Company
• Al-Qaryah
• Sargon Travel & Tourism
• Al Etihad
• Sanmar
• Adventure Planet
• Alkahraman
• Nara Café and Restaurant
• Naranj Restaurant
• La Moka
• Casper & Gambini's
• Palm Towers
• Mashrouak
• Joy Shop
• Nippur
• Enana
• Al Mandaloun

Products and services

• Wadi Al-Rafidain Pharmaceutical Products Pharmaceutical manufacturing company producing syrups, suspensions, and tablets, established in Baghdad's Waziriya Industrial Area. One of Iraq's leading pharmaceutical production companies, distributed across Iraq to reduce dependence on imported medicines.
• Ibn Al-Haytham Pharmaceutical Products Pharmaceutical laboratory equipped with modern pharmaceutical industry equipment, following globally accepted production standards and practices, with regular inspections to ensure compliance with international and regional safety and quality standards.
• Al-Kut Drug Store Pharmaceutical Distribution Pharmaceutical distribution company serving as the trusted exclusive agent for the Wadi Al-Rafidain pharmaceutical factory and collaborating with several other pharmaceutical manufacturers to distribute an extensive range of pharmaceutical products across Iraq.
• Al-Qaryah Real Estate Investment Real estate investment, brokerage, trading, development, and marketing company licensed by the Iraqi Ministry of Economy and registered with the Iraqi Chamber of Commerce.
• Al-Zaan Real Estate Development Multi-divisional real estate company operating in real estate investment, development, construction, rehabilitation, and marketing campaigns.
• Nardin Company Hospitality Management Hospitality management company managing restaurants and tourist facilities including Syrian Damascus cuisine establishments, with rigorous staff training and challenging tests.
• Nara Café and Restaurant Syrian cuisine café and restaurant with two branches in Zayouna and Al Mansour Mall, known for authentic Syrian food and hospitality.
• Naranj Restaurant Syrian cuisine restaurant offering an enchanting culinary experience with settings reflecting Damascene culture and Levantine atmosphere.
• La Moka Bakery and Patisserie Leading bakery and patisserie brand in Iraq delighting dessert lovers with freshly-baked desserts and pastries for celebrations.
• Casper & Gambini's Restaurant and Café International café and restaurant brand serving as a modern benchmark for excellence in the region, offering high-standard service with international and local talent.
• Al-Bun Food and Beverage Franchise Operations Food and beverage franchise company specializing in restaurant and food equipment management and commercial agency operations, operating worldwide franchise brands within the Iraqi market.
• Sargon Travel and Tourism Services Travel and tourism company providing air travel services, car rental partnerships, travel insurance, tour packages, and hotel bookings for travelers and corporate clients.
• Adventure Planet Family Entertainment Center Family entertainment center (3,500 sqm) built to highest international standards with all safety certificates, offering indoor rides, simulators, skill games, video games, soft play, VR games, karting, and PlayStation entertainment for families and children.
• Joy Shop Toy Retail Toy retail chain with three stores in Iraq (two in Baghdad, one in Basra) selling international branded toys including Barbie, Nerf, Lego, Hasbro, Fisher Price, and others.
• Alkahraman Luxury Gold and Jewelry Luxury gold and jewelry company serving as the exclusive agent for Zoughaib & Co., offering gold importation, jewelry selection, and precious metals investment opportunities.
• Zoughaib & Co. Luxury Jewelry Luxury jewelry brand whose jewels shine at prestigious events and exhibitions, offering enchanting jewelry collections designed to perfection.
• Nippur Legal Consultation Services Legal services firm providing comprehensive legal solutions including consultations, litigation, arbitration, contract drafting, and corporate formation services.
• Al Atlas Insurance Brokerage Services Insurance brokerage providing high-quality insurance services for individuals and businesses, acting as intermediary between clients and insurance companies.
• Enana Securities Services Securities services management company providing security services for industries, banks, malls, hotels, restaurants, and jewelry stores, including cash and valuables transport and personal property protection.
• Mashrouak Economic and Developmental Consulting Economic and developmental consultation company specializing in project management, quality management, commercial marketing, marketing solutions, and electronic management.
• Al-Mandaloun Civil Engineering and Construction Multi-disciplinary civil engineering construction company with over ten years of experience in building construction, road construction, bridge building, tunneling, earthworks, infrastructure, and maintenance.
• Hamat Real Estate Construction Real estate construction company providing high-quality construction services while maintaining safety, construction quality, and productivity standards.
• Palm Towers Residential Property Development Property development project featuring twenty architecturally stunning residential towers with concierge services and dedicated residential management, offering personal and commercial amenities.
• Europcar Car Rental Franchise Global car rental franchise operating in Iraq, leveraging Europcar's brand recognition established in 1949 with presence in over 140 countries worldwide.
• Al Hajjan Luxury Car Rental Luxury car rental company specializing in high-end vehicles for rent inside and outside Baghdad, with rental garages equipped with the latest insurance systems.
• Al Mosafer Taxi Service Taxi service providing customers with various services, amenities, and care with the highest quality standards, serving travelers and maintaining relationships with Baghdad International Airport.
• Al Bashiq Passenger and Public Transport Services Public services and passenger transport company providing transport and logistics services including international shipping, customs clearance, multimodal transport, storage, distribution, and fleet transport to/from airport terminals.
• Alqrtas General and Passenger Transport Transportation company dedicated to improving accessible, safe, and efficient transportation services, specializing in general transport of goods and materials, and passenger transport across Iraq.
• Balad Al-Shaheen Airport CIP Hall Services General trade, airport services, investment, and real estate development company operating the CIP hall project at Baghdad International Airport for businessmen.
• Al Teyan General Trading and Commercial Agencies General trade and commercial agency company offering trade solutions, commercial representation, and operating Adventure Planet game halls.
• Al Etihad IT Solutions and Cybersecurity Information Technology company providing custom software development, IT infrastructure setup, networking, and cybersecurity services tailored to the unique needs of businesses, governments, and individuals in Iraq.
• Sanmar Digital Marketing and Advertising Advertising company providing a wide range of digital marketing and advertising services to local companies, including graphic design, content creation, photography, strategic digital marketing, and quality deliverables.
• Ajyal Education and Pedagogical Services Educational and pedagogical services company offering training and instructions across various subjects through partnership with GSE Education, delivering services through training centers, coaching centers, colleges, schools, and universities.
• Alsaahil Alakhdar General Contracting and Public Services Dynamic company operating in trade, general contracting, and public services, including Sofar Family Restaurant and a bread and pastry factory.

Quantifiable outcome

• Al-Rafidain Group has grown from a small team of consultants in 1998 to a prominent diversified conglomerate in Iraq
• +2 more outcomes

Segments7 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core.

• EuropcarcoreOEM/ Whitelabel/ Licensing PartnerEuropcar is a globally renowned car rental company established in 1949 with a presence in over 140 countries. Al-Rafidain Group operates the Europcar franchise in Iraq, enabling the group to offer international-standard car rental services under a globally recognized brand. Europcar's strong international brand recognition provides competitive advantage in the Iraqi car rental market.
• GSE EducationcoreStrategic or Co-development PartnerGSE Education (established 2011) is a private education management and advisory company that provides comprehensive services to set up, operate, and improve school quality in all major regions of the world. Founded by two leading international educators, GSE partners with investors and developers. Al-Rafidain Group's Agyal subsidiary operates in partnership with GSE Education to deliver the best quality educational services in Iraq.
• Wadi Al-Rafidain FactorycoreChannel Partner/ Reseller/ DistributorAl-Kut Drug Store serves as the trusted exclusive agent for the renowned Wadi Al-Rafidain pharmaceutical factory. Al-Kut also collaborates with several other esteemed pharmaceutical manufacturers. This partnership enables Al-Kut to provide an extensive range of pharmaceutical products, ensuring customers have access to high-quality medicines and healthcare essentials distributed throughout Iraq.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Americana Group: MENA food and beverage franchise operator with brands like KFC and Pizza Hut in the region — directly comparable to Al-Rafidain's Nardin/Al-Bun franchise portfolio.
• Dubai Holding: Diversified MENA conglomerate with holdings across real estate, hospitality, retail, and services — directly comparable as a multi-sector Iraqi/regional holding model.
• Kingdom Holding Company: Saudi diversified conglomerate investing across hospitality, real estate, healthcare, and consumer — closely mirrors Al-Rafidain's multi-sector portfolio approach.
• Hikma Pharmaceuticals: MENA-based pharmaceutical manufacturer with branded and generic drugs — directly comparable to Al-Rafidain's Wadi Al-Rafidain and Ibn Al-Haytham pharma operations.
• Dar Al Arkan Real Estate Development: Saudi real estate developer with large-scale residential and commercial projects — comparable to Al-Rafidain's Palm Towers and Al-Qaryah/Al-Zaan/Hamat real estate subsidiaries.
• El Maghraby Group: Egyptian diversified conglomerate spanning automotive, healthcare, hospitality, and consumer goods — directly comparable as a non-Gulf Middle Eastern diversified holding.

Emerging players

• Air Arabia: MENA low-cost carrier with travel and tourism services — relevant adjacent peer for Al-Rafidain's Sargon Travel & Tourism and broader airport-related transport subsidiaries.

Broad incumbents

• Abu Dhabi Developmental Holding Company (ADQ): Large UAE diversified holding company spanning healthcare, food, real estate, and logistics — broader scope than Al-Rafidain but same conglomerate model.
• Majid Al Futtaim: Diversified regional operator in retail, real estate, hospitality (e.g., Mall of the Emirates, VOX Cinemas) — comparable across Al-Rafidain's retail, FEC, and hospitality subsidiaries.

Regional players

• NAS Group (National Automotive Services): Iraq-based diversified automotive and transport services company operating in the same Iraqi market — relevant regional peer for Al-Rafidain's Al-Hajjan, Europcar, and Alqrtas transport subsidiaries.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/alrafidaingroup
• Facebookfacebook.com/alrafidaingroup.iq
• LinkedInlinkedin.com/company/al-rafidain-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries34 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Al-rafidain Group