Mohamed Bin Issa Al Jaber

Mohamed Bin Issa Al Jaber (Arabic: محمد بن عيسى الجابر, DMG Muḥammad ʿ am Īsā al - Ǧābir, born 1959 in Jeddah ) is a Saudi- Austrian entrepreneur and philanthropist, who with his group MBI International and its investment projects regularly in the press is.

  • 2.1 Austria
  • 2.2 International
  • 3.1 Philanthropy
  • 3.2 Austrian citizenship and golden decorations
  • 3.3 Awards
  • 4.1 AJWA Group for Food Industries
  • 4.2 Human Rights Watch
  • 4.3 Austrian Airlines
  • 4.4 Kneissl
  • 4.5 Hotel im Palais Schwarzenberg
  • 4.6 The Ring Hotel

Investments

Mohamed Bin Issa Al Jaber is founder, chairman and CEO of the company Holding MBI International & Partners, based in London. According to information on the site is the group of companies, which operates in Europe, the Middle East and the United States, an asset worth more than 9 billion U.S. dollars.

The following companies are part of the site, according to MBI International:

  • The JJW Hotels & Resorts manages several hotels and resorts in Europe and Egypt. In Austria, JJW operates the two ring roads hotels Grand Hotel and The Ring Hotel.
  • The AJWA Group for Food Industries is a food company in the Middle East with offices in Saudi Arabia and North Africa
  • Jadawel International is a real estate development company in the Middle East
  • Continentoil is an international petroleum resource management company with offices in the U.S. and the UK.
  • Al Jaber is also the founder of the MBI Al Jaber Foundation. This is a UK registered charity ( Charity Reg No. 1093439 ), headquartered in London. Your goal is to maintain through educational and cultural activities relations between the Middle East and the rest of the world and improve.

The intrinsic value of the company in the company's holding is valued at more than 6 billion euros. In April 2011, Al Jaber indicates the equity ratio of 80 %, and said, from a profit of 300 million euros in 2010.

2013 Al Jaber listed in Forbes with a personal fortune of $ 7 billion at No. 166. In April 2013 he was ranked as the highest -placed Arabs in 15th place in the Sunday Times Rich List. The Arabian Business magazine ranked him in its issue of December 2013, 2nd place in the 50 richest Arabs with assets of $ 12.66 billion. Radio France Internationale portrayed him in January 2010 as the richest Austrians.

Investments in Austria

2002 Al Jaber bought the famous Grand Hotel of the Japanese airline All Nippon Airways. Later he purchased a former bank building on Kärntner Ring and built from the hotel The Ring.

In October 2006, Al Jaber also bought the Palais Corso Located on the ring of the Generali insurance for about 70 million euros.

In 2007, Al Jaber 10 % of the construction costs of the Vienna Tourism University Modul University Vienna, a project of the Economic Chamber Austria. He also awards scholarships for the students, both personally and through his foundation.

Also in 2007 JJW signed the contract for the purchase and expansion of the Hotel Palais Schwarzenberg with Magnat Real Estate. Since delayed the project, magnate proposed in December 2011 a lawsuit. A settlement payment by Al Jaber in the amount of 2.65 million EUR ended the litigation.

2008 Al Jaber offered the financially troubled Austrian Airlines, an investment in the purchase of a 20% stake. In May 2008, he withdrew its offer after the publication of negative quarterly payment, accusing the managing director Alfred Ötsch to conceal the extent of his financial difficulties of Austria Airlines. The auditor Herbert Heiser, who was appointed by court as an expert witness for litigation between Austrian and Al Jaber, Al Jaber agreed to guess. In its audit report, he confirmed that the Austrian had to report instead of the officially stated profit of 3.3 million euros a loss of 235 million euros have.

From July 2008, Al Jaber was the majority shareholder in the Austrian Skiunternehmen Kneissl and held 60 % of the company shares. After Kneissl had to file for bankruptcy in February 2011, Jaber presented in December 2012, 1.98 million euros for the renovation, and offered creditors a 20 % rate on. In December 2013 Al Jaber also acquired the remaining 40 % stake from existing shareholders Kneissl Simon Herrmann Huber. Kneissl is thus 100 % owned by Al Jaber.

Company History

In 1982, Al Jaber Jadawel the International Construction & Development. 1989 JJW Hotels & Resorts was founded in Portugal. After the construction of the largest rice storage and processing operation at the Jeddah Islamic Port in Saudi Arabia In 1992 the foundation of the AJWA Group for Agro and Food Industries.

Management

The media hardly differentiated between the MBI - enterprises and the central personality MBI Al Jaber. Even official communication and self-expression illustrate the difficult delineation of his personal commitment and company events.

Children

An important role in the management of his company comes to Al Jaber children. Mashael Al Jaber (born 1986) and Bashayer Al Jaber (born 1990) occupy an early age senior positions within the MBI group.

Aircraft

The 1967 Boeing 727-22 with the identifier N400RG and 2006 Bombardier BD -700 - 1A11 Global 5000 with the identification N171JJ bear the logo of MBI International & Partners and registered at U.S. Trust Company.

Chronicle

Austria

In 2002 he joined Austria for the first time by purchasing the famous Grand Hotel in Vienna by the Japanese airline All Nippon Airways in appearance. Later he acquired the property for which also furnished on Kärntner Ring The Ring Hotel.

In October 2006 it was announced that Al Jaber by almost 70 million euros, the Palais Corso, a part of the ring roads galleries, by the Generali acquired insurance.

In early 2008, Al Jaber wanted to help the financially ailing Austrian Airlines through investment. The plan was a stake to around 20 percent. In May 2008, shortly after the announcement of poor quarterly figures of the Austrian, he withdrew its offer again, since, as repeatedly reported, " fraudulently deceived " by the board of AUA felt and was not aware of the true economic situation of the AUA. There was a dispute in the Al Jaber has been strengthened by a judicial opinion in the summer of 2012. As the Austrian newspaper Die Presse reported on July 31, 2012, the auditor Herbert Heiser came to the conclusion that Austrian Airlines had a loss of 205.5 million euros instead of a profit of 3.3 million euros in 2007 Verkaufsgeprächen have to report. End of 2008, then bought the Lufthansa, Austrian AUA, the Austrian State was for a debt. Prior to Al Jaber have bid on again.

In July 2008, Al Jaber took over 60 percent of the traditional Austrian sporting goods manufacturer Kneissl Holding GmbH.

In February 2009, Al Jaber announced plans to take over the majority of the catering enterprises by Toni Mörwald this and get involved as a chef in the planned luxury Hotel Palais Schwarzenberg. About one actually took place Mörwald investment is not known and also a year after regulatory approval has not yet started with the renovation of the Palais Schwarzenberg.

In June 2009, Al Jaber expressed interest in the " Magic Life " club hotel of TUI. In October 2010, Mohamed Bin Issa Al Jaber was interested in the Imperial Hotel AG.

In early 2011, after again cause delay in payment requested bankruptcy against Kneissl. Shortly before the deadline handed Al Jaber at the Regional Court of Innsbruck redevelopment plans for the ski company one, let his promises to pay to clean up in a row, but again burst.

In May 2011, the business daily reported exclusively, Petrus Advisers wanted to take over Al Jaber hotels in Austria through debt restructuring. Al Jaber was deny such rumors, the First Vienna Hotel AG 'm not for sale.

On 4 October 2011 Al Jaber put a surprising offer to repurchase the company Kneissl. The day before, the creditors of the insolvent ski manufacturer had decided to sell to the company Kramer Elastics. In January 2012, succeeded Al Jaber, and now to take over the insolvent company by paying a 20 per cent quota recently debt free.

Due to a legal dispute with a London bank, the frozen the local assets of Al Jaber and had made only on December 7, 2011 after an agreement out of court again accessible, it is for Austrian companies and investments of MBI International in spring 2011 to bottlenecks in the liquidity come. Al Jaber has always stressed at this time, not to be unwilling to pay. Al Jaber has paid all outstanding debts, according to press reports in the meantime. So he had transferred all sponsor monies to the private university module in the ski company Kneissl paid 1.98 million euros, met all credit requirements of the Euro Hypo, the shares of the real estate company magnate at the Hotel Schwarzenberg construction company ( 18.8 percent ) to 2.65 million euro repurchased and settled all liabilities at Unicredit Bank Austria. Bank Austria has subsequently withdrawn its insolvency. It is still a requirement of the insolvent estate company R - square, which calls for five million euros for its quarter share of The Ring Hotel. According to MBI a purchase price of three million euros was offered.

In August 2012, it was announced that Al Jaber plans to participate at the Austrian textile company Backhausen. There were also bank guarantees. After two failed press events to Al Jaber presented end of September as the savior of the distressed traditional company. He announced to take over the majority of Backhausen. Two weeks later, the Backhausencompany went bankrupt after has missed a payment. In a first reaction Andrea King assured, continue to stand by agreement with the family Backhausen and continue work on the restructuring of the company. According to the Wiener Zeitung, Al Jaber's investment company had agreed to pay 3.2 million euros to 30 May 2012. The newly set deadline also let Jaber pass despite commitment.

Internationally

2003 failed negotiations for the acquisition of Holzmann's daughter YES Jones Construction.

In March 2006, Al Jaber announced at a press conference in Tunis on the establishment of an MBI Tunisia Fund. In local media, the investment fund was celebrated with an initial capital of 65 million dollars as a rescue for financially troubled hotels.

In 2007, he earned 70 million pounds, the English Hotel Group The Eton Collection, which, however, in 2010 - had to file for bankruptcy - with the exception of the hotels 42 The Calls in Leeds and the Scotsman in Edinburgh. The U.S. Westmont Hospitality Group took over in succession, the hotels the Academy, the Colonnade and Threadneedle in London and the Province of Quebec in Leeds and the Glasshouse in Edinburgh for £ 55 million. Marriott International purchased the Berner 's Hotel in London.

In May 2008, international media reported, citing the Ministry of Defense of the United States, Al Jaber would possibly invest one billion U.S. dollars in the construction of a tourist resort in Baghdad.

In summer 2008, Al Jaber announced plans to invest over a billion euros in the real estate project " Tours de Levallois ". The work was stopped after alleged arrears. The Semarelp group were awarded 20 million euros in damages in the following litigation.

In October 2008, Al Jaber made ​​in France with another planned billion deal headlines: He wanted to buy several hotels in the Starwood group of around two billion dollars. Again, the failed takeover ended in a lawsuit.

2011 was to read in French media sales calls with B & B Hotels, a hotel chain of the Carlyle Group.

In October 2011, was opened on Al Jaber's MBI International & Partners Inc., based in Tortola bankruptcy. The Bank Austria had there trying to collect receivables in the amount of 6.17 million U.S. dollars. Al Jaber's main corporate MBI International, based in London, according to him was not affected by the bankruptcy. In the same month, the bank Lloyds TSB applied for insolvency on the Scotsman Hotel Group.

In November 2011, Al Jaber lost a lawsuit Standard Bank over 150 million U.S. dollars. Al Jaber had previously indicated that a loss of over a billion pounds of him was caused by frozen assets.

In September 2012, vermeldeten Portuguese media that the investment trust ECS Capital takes over control of his hotels Dona Filipa and Penina.

Private life

Little is known about the private life of Al Jaber. He lives in Paris, London, Vienna and Jeddah. He is both Austrian and citizen of Saudi Arabia. Al Jaber is married and has two daughters and a younger son. In an interview with the daily newspaper Al Jaber Austria speaks of a modest lifestyle: "I drive a five year old car that I bought for 40,000 euros. My clock is 10 years old -. I bought for 150 euros at the airport "Less modestly presented to Al Jaber had in a documentary of Discovery Channel, for which he and a camera crew, among others, by a villa in Jeddah, whose value 35 million U.S. dollars is given, leads.

On his website to Al Jaber referred to as " self-made businessman " and philanthropist. In reports and press releases from his company Al Jaber is often referred to as Sheikh. The range of other names in the press range from "Oil millionaire " to " building tycoon from Dubai ."

In September 2012, Al Jaber acted as mediator in the "Arab Spring " and was involved in the negotiations for the extradition of Libya's ex- intelligence chief Abdullah al- Sanusi of Libya. Further details were not disclosed.

Philanthropy

Al Jaber is the founder of the MBI Al Jaber Foundation in London and made here especially with the award of scholarships for headlines. Overall, the foundation had spent more than 100 million euros for charity according to him until 2011. The Foundation of Al Jaber was honored for her philanthropic work with international awards. 2004 Al Jaber was awarded an honorary doctorate from the University of Westminster. For the promotion of intercultural dialogue in the Euro -Mediterranean region, the Foundation has provided a budget of one million euros. Also in Austria, the Foundation is active and here has its own account since 2007 various cultural, scientific and sports facilities supported with an estimated 6 million euros.

On 18 March 2005, he was appointed in Paris Goodwill Ambassador of UNESCO, to spread its activities the values ​​of democracy, tolerance and human rights and to promote intercultural dialogue. In November it, he was awarded the golden medal of honor by the then French Minister of Tourism Léon Bertrand, as it would make a great contribution for peace and tolerance through the promotion of education of Arabs.

Together with the UNESCO Commission in Vienna, an international conference on Euro-Arab dialogue held the MBI Al Jaber Foundation from May and 1 June 31, 2012. Participants were representatives of 48 European and 19 Arab states. They discussed new opportunities and innovative measures for the further development of cooperation in the fields of education, culture, science and communication. Especially with the promotion of tolerance and mutual respect of the Euro-Arab dialogue should be strengthened. In February 2013, the Foundation announced a joint program with UNESCO in order to support education in Yemen. Al Jaber's book Yes, the Arabs can too, published in Arabic in 2009, appeared in September 2013 in English. The book offers a view of the Arabic view of the changes in the region from an economic and social point of view. The MBI Al Jaber Foundation opened in 2013, a media training institute in Sanaa, Yemen, offered in the free courses for all types of journalism. Since 2014, the MBI Al Jaber Building housed at SOAS, University of London, the London Middle East Institute.

Austrian citizenship and golden decorations

In 2007, Al Jaber was awarded the Austrian citizenship. In the same year he invested approximately ten percent of the construction costs of the Vienna Tourism Private University Modul University Vienna, the remaining shares are held by the Chamber of Commerce and began operations in the fall of 2007. The news magazine Profil reported in 2008 that the citizenship he was awarded by decree after a series of investment commitments.

In February 2009, got Al Jaber by Michael Häupl the Golden Medal for Service to the City of Vienna awarded. In September 2009, Al Jaber founded the Michael Häupl Promotion Fund, which promotes education in tourism professionals through scholarships.

Awards

2008 appointed the Vienna Trialogue Institute Al Jaber as " Person of the Year 2008" for its interfaith commitment. Laudator Karl Blecha, former Austrian interior minister and president of the Society for Austro-Arab Relations, Al Jaber emphasized activity as " interfaith bridge-builder. "

Al Jaber holds the following honors:

  • Honorary Senator of MODUL University Vienna (2013 )
  • Honorary Fellowship of UCL, London ( 2012)
  • Honorary Fellowship of Corpus Christi College, Oxford ( 2009)
  • Honorary doctorate from the City University, London ( 2004)
  • Honorary doctorate from the University of Westminster (2004)

Critical reporting

Mohamed Bin Issa Al Jaber made ​​his company after effective press announcements from 2010 increasingly in connection with legal disputes and financial difficulties for headlines. After the spectacular failure of the Tours de Levallois commitment and a warning introduced method of JJW group in France at the Paris Commercial Court for the hotels belonging to the Stars median and brands should be sold in order to get financial problems under control.

In the course of Kneissl bankruptcy and other delays that have become increasingly publicized also featured Austrian media, the liquidity of the entrepreneur in question. The weekly magazine format had bere ≠ its report in October 2010 about difficult business, the financial position of First Vienna Hotel AG and the dispute with Starwood. Bill headlined Empire in April 2011, the news magazine Profil.

In addition of Execution - known projects were part of Bank Austria. The Chamber of Commerce had Al Jaber after defaulting payments set an ultimatum than 90 % owner of the Modul University Vienna and eingerbracht 2011 lawsuit in July. Al Jaber himself had denied rumors of financial trouble several times.

After critical reporting had heaped, Al Jaber sensed a negative campaign against him. Al Jaber hired a lawyer to examine the perceived as grossly one-sided and damaging credit reporting amplified and initiate legal action if necessary. At the same time he announced further investments in Austria.

A highlight of the criticism eventually found himself in opinions of the hitherto loyal occurred Kneissl 's managing director Andreas Gebauer, the Al Jaber accused apparent after the final failure of the Kneissl remediation, apparently believe that they can play in Austria Monopoly. to have and to his view, built his own truth Gebauer had the dubious confirmation letter from the then RBS Coutts Bank ungetätigte bank transfers Al Jaber to the press, after which the responsible bank manager lost his job.

AJWA Group for Food Industries

As Reuters announced on January 1, 2011 to have been sentenced by a court in Egypt in absentia to two years imprisonment and a fine of the equivalent of € 264,000 Al Jaber. Al Jaber was accused of falsifying documents and share price manipulation in his role as a board member of AJWA Group for Food Industries. In an interview he dismissed any wrongdoing returned chosen and announced vocation. In May 2011, the prison sentence was suspended, but not fines. When they were not paid in February 2012, the Attorney General ordered the temporary freeze of assets of Al Jaber family. In February 2013 Al Jaber was acquitted by the Supreme Court of Appeals of all charges after the investigation revealed that the company's employees had falsified the documents.

Human Rights Watch

From 2010 to 2012 Jadawel International was listed in the reports of Human Rights Watch about the restrictive residence laws, regulations for foreign workers in Saudi Arabia. In World Report 2013, the human rights organization, the company is no longer mentioned.

Austrian Airlines

The Austrian Airlines announced after the failed investment in 2008 to a damages suit against Al Jaber, whereupon Al Jaber himself responded with a lawsuit. The case brought by the AUA in dispute exceeds 5 million euro continued Al Jaber, a tax of 150 million euros against. After fee disputes Al Jaber 's law firm laid her down during the process of its mandate.

Kneissl

Kneissl had to file for bankruptcy on February 8, 2011 after a multiple- out dependents capital injection of Mohamed Bin Issa Al Jaber. In an initial statement, managing director Andreas Gebauer spoke of a legal claim against Al Jaber. Al Jaber himself admitted in a press release on his advisers had previously discouraged in the week of a transfer and in turn made ​​1.2 million euros for 31 March, 2011 views.

On April 22, 2011 Al Jaber filed before the expiry of the deadline at the Regional Court of Innsbruck a redevelopment plans for the ski producer. The creditors agreed to a corresponding reorganization. Al Jaber announced it a reboot for Kneissl. He should deposit 2.125 million Euros in an escrow account Masserverwalters to 15 June 2011.

Although Al Jaber sent word through his spokesman nor to have paid, also hit such payment is not a. The traditional Tyrolean company will be liquidated. An explanation came.

While concerned as principal creditor, Bank Austria, with which Al Jaber wanted some, stating that he had never done serious negotiations on Kneissl, should leave do not have to host a week after the deadline of the journal echo even Al Jaber, the promised money would go. Conflicting data are also higher than the amount invested so far before: Al Jaber admits to have invested since its Kneissl stake about 5 million euros in the company. The Tiroler Tageszeitung put forward the assertion that Al Jaber have paid a penny for the purchase of the Kneissl shares in 2008 until today. Andreas Gebauer estimated the funds flowed for Kneissl with a total of 4.5 million euros.

Also in early October 2012, the complete takeover of the company was still not completed.

Hotel im Palais Schwarzenberg

100 million euros wanted Al Jaber invest in its planned hotel in Schwarzenberg Palace. However, the construction came again and again in default, although since 2009 existed a building permit.

In February 2011, reported the Journal News that the project without payment of 20 million euros threatens to fail by the end of March. After non-payment, the contract was unilaterally terminated with Al Jaber Group in April 2011. Al Jaber himself denied rumors of financial problems and was further convinced to open the planned hotel in 2013. According to the Economic Journal of the end of April to have been made ​​in 2011 by a transfer, which ensures the construction rights. In June 2011, the Magnat Asset Management GmbH, which previously held 25.1 % of the JJW hotel in Schwarzenberg Palace mbH, announced that they were pulling out.

The Ring Hotel

Following the insolvency of participating with 25.1% in the operating company of the hotel The Ring shareholder R-Squared Capital Alpha GmbH Al Jaber had to take their share. Although Al Jaber announced yet in March 2011 in a press release that to buy shares back to the actual purchase price of 5.6 million euros, his spokesman justified the failed payment later so that a selected range had not been accepted. The law firm PHH Prochaska Heine Havranek announced in representation of the R-squared group to a statement of facts to the prosecutor Vienna.

DIN 31635 Grand Hotel, Vienna Hotel Imperial Wirtschaftsblatt Philipp Holzmann UNESCO Goodwill Ambassador Format (magazine) Monopoly (game)
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