Personal Info
- Country of residence: Jordan
Information
CURRENT POSITION: Mahmoud Malhas, President of Mahmoudia Group, Chairman of the Palestine Commercial Bank, Board Member of Jordan Ahli Bank, Board Member of Arab Hotels Company PLC, and shareholder in the Four Seasons Hotel, Amman.
MAJOR INTERESTS: Automotive, tourism, banking, and finance.
WHY HE MATTERS: Mahmoud Malhas’ widespread investments, means he is an important player in several major business categories.
After graduating from the American University of Beirut with a B.A. in Economics, Mahmoud Malhas started working in Amman in his family’s catering business in the late 1950s. Malhas’ ambitions led him to open Jordan’s first semi-wholesale supermarket, an ice-cream factory, and to eventually introduce the concept of hot meals on Royal Jordanian flights.
Malhas owns 23.5 percent of the Mediterranean Tourism Investment Company, which operates the Four Seasons Hotel in Amman. He also owns 50 percent of the Cote D’Azur Hotel in Beirut, as well as controlling stakes in The Marriot, Beirut, and The White House, London, to name but a few. Malhas also sits on the boards of the Jordan Ahli Bank and the Arab Hotels Company PLC.
He ventured into the banking and finance sector, cofounding the Qatar First Investment Bank, the Saudi American Bank, as well as a mutual-fund company in Dubai in 2009.
His sons, Bassem and Fahed, are also shareholders in the Palestine Commercial Bank, Bank al Etihad, and Jordan and Gulfmena Investments Ltd in the United Arab Emirates.
Malhas has ventured into several market sectors under the umbrella of the Mahmoudia Group, which includes Mahmoudia Motors, the official dealer for Jaguar, Land Rover, and Volvo, Al Mahmoudia for Watches and Jewelry, which owns the Chopard Boutique in Amman, and Tufenkjian, the largest seller of Jewelry in the Middle East.
Source Achievements and Awards
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