W.J. Towell & Co. (Towell Group)
Family-owned Omani conglomerate (Towell Group) dating to 1866; runs engineering, FMCG, automotive and real estate businesses and holds joint-venture stakes.
USEFUL FOR Business owners seeking a long-term partner · Co-investors
Family & background
- HEADQUARTERS
- Muscat, Oman
- FOUNDED
- 1866
Investment approach
- SECTORS
- Industrial & ManufacturingReal Estate & PropTechConsumer & E-commerceFood & AgricultureMobility & LogisticsSoftware & SaaS
- GEOGRAPHY
- Middle East
- ROUTES
- Direct investments
- STRATEGIES
- Direct investmentsPrivate equity
Overview
Towell Group traces its origins to W.J. Towell & Co., a Muscat trading firm established in 1866 that Mohamed Fadhel bought outright in 1914; later generations diversified the business and expanded into Kuwait, Iraq, Dubai, Qatar and India. It describes itself as a family-owned and family-run company and one of Oman's largest private-sector conglomerates, with operations in engineering, FMCG, automotive, real estate, transport and manufacturing. Besides its own operating companies it holds joint ventures including Jotun Oman, Future Pipe Industries, Nestle Oman and Towell Unilever. The chairman's message says the board includes fifth-generation family members and independent directors, and that its strategy team reviews investments through mergers, acquisitions and divestments.
Holdings & investments (10)
- Jotun OmanIndustrial & Manufacturing
- Future Pipe IndustriesIndustrial & Manufacturing
- Readymix Muscat (Premix LLC)Industrial & Manufacturing
- Musandam Mineral Industrial Co.Industrial & Manufacturing
- PET ManufacturingIndustrial & Manufacturing
- Nestle OmanFood & Agriculture
- Towell UnileverConsumer & E-commerce
- Wilhelmsen TowellMobility & Logistics
- Al Argan TowellReal Estate & PropTech
- Towell Take SolutionsSoftware & SaaS
People
- Maqbool Ali SultanChairman · source
- Imad Kamal SultanVice Chairman & Managing Director · source
- Mohamed Ali Abdulamir SultanDirector · source
- Murtadha Ahmed SultanDirector · source
- Mushtaq Qamar SultanDirector · source
- Anees Redha SultanDirector · source
- Amin Al HusseiniIndependent Director · source
- Yahya Said Al JabriIndependent Director · source
- Rami BazziGroup Chief Operating Officer · source
- Diren Dorai RajGroup Chief Financial Officer · source
- Balaji SrinivasanCEO & Managing Director, Towell Engineering Group · source
Classification
Family Holding. A family's holding company that owns stakes in several separate businesses or invests beyond its own group, without calling itself a family office. How family capital is classified →
FAQ
W.J. Towell & Co. (Towell Group) is a family holding based in Muscat, Oman, founded in 1866.
W.J. Towell & Co. (Towell Group) invests directly in companies. Its stated asset mix includes direct investments and private equity.
W.J. Towell & Co. (Towell Group) invests in Industrial & Manufacturing, Real Estate & PropTech, Consumer & E-commerce, Food & Agriculture, Mobility & Logistics and Software & SaaS.
Key people at W.J. Towell & Co. (Towell Group) include Maqbool Ali Sultan (Chairman), Imad Kamal Sultan (Vice Chairman & Managing Director), Mohamed Ali Abdulamir Sultan (Director) and Murtadha Ahmed Sultan (Director).
W.J. Towell & Co. (Towell Group)'s holdings and investments include Jotun Oman, Future Pipe Industries, Readymix Muscat (Premix LLC), Musandam Mineral Industrial Co., PET Manufacturing, Nestle Oman, Towell Unilever and Wilhelmsen Towell, among others.