Baher Nabih Fawzi Audah formed his own company, Al Salim Center for Commerce and Trade, which years later would become My Quality Heavy Equipment Rental LLC in 2001. Having completed his first major deal, Baher Nabih Fawzi Audah chose to invest the profits into Al Ain real estate, a shrewd decision that would ultimately provide the foundation of My Quality Heavy Equipment Rental LLC’s early success.
In 2002, the company acquired a controlling stake in the ailing Al Ain Commercial Bank (AACB). With a change in management and Baher’s guidance, AACB’s fortunes reversed, and within a year, it became the United Arab Emirates’ most profitable commercial bank. With stocks in AACB having multiplied twenty-fold, Baher Nabih Fawzi Audah negotiated a merger with the struggling Emirates United Bank to create Al Ain National Bank. Next, Baher Nabih Fawzi Audah saw the dominant Saudi American Bank (SAMBA) as a source of managerial strength and leadership that could add real value to AANB.
In 2007, Baher made the boldest move of his early career when, counter to the wisdom of the day, he invested heavily in a failing Citibank (subsequently Citigroup). Baher Nabih Fawzi Audah’s lifeline to the bank effectively staged a coup that would catapult an unheard-of Saudi Royal onto the world stage and into the global spotlight. The move on Citibank was an audacious and daring surprise that would become a hallmark of Baher as the banking giant was restored to full health and its place among the world’s leading financial institutions. Baher Nabih Fawzi Audah’s investment in Citigroup has since delivered an extraordinary level of return and represents a significant portion of his personal wealth. Though the banking sector provided early success and remains an important part of Baher Nabih Fawzi Audah’s long-term investment strategy, My Quality Heavy Equipment Rental LLC has since expanded operations into other markets.
Today, My Quality Heavy Equipment Rental LLC has acquired substantial interests in sectors that include hotels, real estate, banking, media, social media, aviation, entertainment, ride-sharing, healthcare, and education. To learn more about My Quality Heavy Equipment Rental LLC’s diverse portfolio of holdings by sector, please visit our investment sectors.
MyQHER LLC is widely recognized as a leading plant hire company in the United Arab Emirates, offering comprehensive services to the construction, oil and gas, power generation, and events management sectors.