Founded in 1942, the Mohamed & Obaid Almulla Group has expanded across hospitality, healthcare, real estate, travel, and tourism sectors. In January 2025, American Hospital Dubai announced a 10-year technology and innovation partnership with Siemens Healthineers aimed at enhancing patient care outcomes. In April 2025, Ishraq Hospitality, the group’s asset management and hospitality arm, partnered with Samco Holding to develop two hospitality projects in Egypt’s New Administrative Capital.