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Mubarak Abdullah Al-Mubarak Al-Sabah

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In this Arabic name, the surname is Al-Sabah.
Mubarak Abdullah Al-Mubarak Al-Sabah
HouseSabah
FatherAbdullah Mubarak Al-Sabah
MotherSouad Al-Sabah
Education
Military career
AllegianceKuwait
Service / branchArmy

Sheikh Mubarak Abdullah Al-Mubarak Al-Sabah is a Kuwaiti entrepreneur and a notable member of the House of Sabah, the ruling family of Kuwait. He is the founder and chairman of Action Hotels, Action Real Estate and Action Hotels, as well as vice-chairman of their parent family holding company Action Group Holdings. Mubarak was also previously the founding chairman of the Qurain Petrochemical Industries Company until its merger in 2022 with the Kuwait Projects Company (Holding).

Early life and education

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Mubarak Abdullah Al-Mubarak Al-Sabah is the son of Souad Al-Sabah,[1] an economist, writer and poet, and Abdullah Mubarak Al-Sabah, the Deputy Emir of Kuwait in the 1950s and the youngest son of Mubarak Al-Sabah.[2]

Mubarak graduated from the Royal Military Academy Sandhurst. He subsequently joined the Kuwait Military Forces where he served as an Armoured Officer. Mubarak later graduated from the University of Buckingham with an undergraduate degree in Politics with Economics. He continued his studies in International Relations, graduating with a Master’s Degree from University of Cambridge.[3]

Career

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Mubarak was also the founding chairman of the Qurain Petrochemical Industries Company,[4] a company founded by Amiri Decree in 2004.[5] Following the announcement, in March 2022, of a merger between Qurain and the Kuwait Projects Company (Holding), Mubarak resigned from his position as chairman of Qurain.[4]

In 2006, Mubarak founded Action Hotels which opened its first hotel in Melbourne, Australia.[6] The mid-market hotel company was publicly listed on the Alternative Investment Market in December 2013 with a valuation of £102 million.[7][8] By the following year, the company owned half a dozen hotels in the Middle East and Australia, with nine additional hotels under construction.[7][9] As of 2016, most of properties owned by Action Hotels was operated by Ibis under its Ibis Styles and Ibis Budget brands.[6] Mubarak serves as chairman of Action Hotels[10][1] and holds a majority stake in the company.[11] He is also founder and chairman of Action Real Estate, and vice-chairman of Action Group Holdings, the parent family holding company of both Action Hotels and Action Real Estate.[2][12]

In March 2017, Christian Nakhla, the French ambassador to Kuwait, conferred Mubarak as a Knight of the Legion of Honor.[13]

References

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  1. ^ a b Boxall, Megan; Robinson, Mark (29 July 2016). "Family shows faith in Action Hotels". Financial Times. Retrieved 3 December 2022.
  2. ^ a b "AGH Leadership". Action Group Holdings. Retrieved 3 December 2022.
  3. ^ McGinley, Shane (6 September 2019). "Born to lead: Sheikh Mubarak Al Abdullah Al Mubarak Al Sabah". Arabian Business. Archived from the original on 12 October 2022. Retrieved 3 December 2022.
  4. ^ a b "Chairman of Petrochemicals Industries Company resigns". Kuwait Times. 17 March 2022. Retrieved 1 December 2022.
  5. ^ "Al-Qurain Petrochemical Industries posts KD nine mln in net profits". Kuwait News Agency. 2 February 2014. Retrieved 1 December 2022.
  6. ^ a b Schlesinger, Larry (16 March 2016). "Action Hotels lines up Melbourne hotel deal". Australian Financial Review. Archived from the original on 16 October 2022. Retrieved 1 December 2022.
  7. ^ a b Parkinson, Gary (17 September 2014). "Cantor's spread betting is the talk of the town". The Times. ISSN 0140-0460. Retrieved 3 December 2022.
  8. ^ Blitz, Roger (22 December 2013). "Action books room in budget hotels sector". Financial Times. Retrieved 3 December 2022.
  9. ^ Ficenec, John (23 December 2013). "Action Hotels to join Aim after raising £30.5m". The Telegraph. Retrieved 3 December 2022.
  10. ^ Cummins, Carolyn (17 March 2016). "Without Reserve: Oaks Resorts and Accor unveil new and updated hotels". The Sydney Morning Herald. Retrieved 3 December 2022.
  11. ^ Faurschou, Julia; Clarfelt, Harriet (20 April 2018). "Action Hotels chairman buys despite losses warning". Financial Times. Retrieved 3 December 2022.
  12. ^ Lenaghan, Nick (20 August 2018). "Kuwaitis to exit bulky goods centre in Melbourne's south east". Australian Financial Review. Retrieved 3 December 2022.
  13. ^ "France grants Sheikh Mubarak Al-Sabah highest medal". Kuwait News Agency. 3 May 2017. Retrieved 3 December 2022.
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