News
Stay connected with the latest from MBAL — family highlights, market moves, and the projects building our shared future.
Welcoming Youth from the Mostafa Bin Abdullatif Family for Summer Internship Program 2025
We were delighted to host the youth from the Mostafa Bin Abdullatif family as part of our Youth Summer Internship Program. The initiative offered them a firsthand experience of our operations, values, teamwork, and diverse functions. Through mentorship and learning, we created an engaging environment that made the program both insightful and impactful.
Malco Capital Invests in Paradromics to Advance Brain-Computer Interface Technology
Malco Capital, the investment arm of Mostafa Bin Abdullatif Investments, backs Paradromics Inc., a pioneering brain-computer interface (BCI) company led by Founder and CEO Matt Angle.
Paradromics’ cutting-edge BCI chip is an innovation with the potential to transform lives, particularly for People of Determination, by enhancing communication and functional integration within society
MBAL Supports 2025 Ramadan Giving Initiative with Key Charity Partners
Mostafa Bin Abdullatif Investments proudly joined hands with GDRFA Dubai, the Mohammed Bin Rashid Charity and Humanitarian Establishment, and Dubai Charity Association to support a meaningful Ramadan giving initiative.
This effort was made even more special by the involvement of family members, reflecting the true spirit of community, compassion, and shared generosity during the holy month.
27th Annual Gathering of MBAL
The 27th Annual Gathering Meeting of Mostafa Bin Abdullatif Investments L.L.C brought together shareholders and family members to reflect on past achievements and discuss the company’s future direction.
The event underscored MBAL’s continued commitment to innovation, progress, and long-term success, reinforcing a forward-looking vision for the next generation.
MBAL is proud to support forward-thinking initiatives that push the boundaries of global innovation and transformative progress.
Axon Business Systems at Intersec Expo Dubai 2025
Axon Business Systems, a division of MBAL and the exclusive UAE distributor of Chubbsafes, participated in Intersec Expo Dubai 2025, the leading global event for security, safety, and fire protection.
The 26th edition welcomed 47,506 trade buyers from 141 countries, showcasing innovations in AI, IoT, and blockchain that are transforming the industry.
Space Perspective Eyes Dubai for Stratospheric Balloon Launches
Space Perspective, backed by MBAL’s investment partner Green Sands Equity, is exploring Dubai as a potential site for its stratospheric balloon launches. This innovative venture aligns with Dubai’s vision to lead in space exploration and sustainable tourism, offering unique, technology-driven experiences.
MBAL is proud to support forward-thinking initiatives that push the boundaries of global innovation and transformative progress.
Axon Hosts Golf Day Marking 60 Year Partnership with Chubbsafes
Axon Business Systems hosted its Annual Golf Day to celebrate 60 years of partnership between MBAL and Chubbsafes, under Gunnebo Middle East.
Held at Dubai Creek Golf & Yacht Club, the event brought together colleagues and partners for a relaxed day of golf, good conversations, and shared appreciation.
26th Annual Gathering of MBAL and Subsidiaries Held on July 10
Mostafa Bin Abdullatif Investments L.L.C and its subsidiaries held their 26th Annual Gathering on July 10, bringing together teams for a day of insightful discussions, strategic planning, and celebrating shared achievements.
Empowering Corporate Training Session with Loay Alkhaja
MBAL Investments hosted a dynamic corporate training session led by Loay Alkhaja, a globally recognized expert in performance and business development.
Held at the MBAL Investments office, the session energized the management team with valuable insights on aligning individual goals with a shared vision for success. Loay’s unique approach to professional and personal growth left a lasting impact, reinforcing team cohesion and motivation across the organization.
Mostafa Bin Abdullatif Investments celebrates 100 years
MBAL Group’s diverse portfolio spans various sectors such as investments, real estate, and the distribution of major international brands. Axon’s over 60-year-long partnership with Chubbsafes has established them as a trusted leader in providing innovative security solutions across the UAE. As the exclusive distributor of Chubbsafes in the UAE, Axon delivers state-of-the-art safes and security products to businesses, financial institutions, and individuals.
The New Store Win record breaking sales year in 2023 – Delonghi Award
The New Store L.L.C is celebrating a momentous achievement as it received recognition for a record-breaking sales year in 2023. The company has been honored with an acclaimed award from its principal – Delonghi, marking a significant milestone in its journey toward excellence. The receipt of this prestigious award serves as a source of pride and motivation for the employees, and everyone associated with The New Store. It reaffirms the company’s collective efforts and inspires them to strive for excellence in all endeavors.
Malco Technologies wins the Best Distributor of the Year 2022
AWARD received by Malco – Best AV and IT Infrastructure Distributor of the Year Category at the Tahawultech.com Transformational Leadership Awards 2022. CPI Media group hosted the Transformational Leadership Awards on June 28th at the Taj Exotica hotel. The awards are designed to highlight the key role being played IT decision-makers from across the Middle East, who are leveraging their knowledge, expertise, and nous to completely transform their businesses to succeed in the new ‘experience economy’.
Malco Technologies wins the Top Distributor 2021 Award
Malco Technologies LLC was awarded as the TOP DISTRIBUTOR in Smart Infrastructure 2021 by GEC Media Group. The recognition is for the outstanding contributions of the organization towards the regional IT industry.
Malco Technologies Team @GITEX Technology Week
Malco Technologies team visits the 41st edition of the GITEX GLOBAL that features six tech shows and participation from over 3,500 companies from 140 countries. The team showed their support to our Vendor partners; Austin Hughes and BPC.
Axon as LENEL Authorized System Integrator Announcement
Axon Integrated Solutions has been formally appointed as an authorised systems integrator and a VAR for LenelS2, USA. Lenel is the incumbent Access Control system being used in different Government Depts. and many multinationals in UAE and around the world, since decades. We have already started with our first engagement on Lenel with Dubai Properties and Temis Luxury.
We are confident that with such a prestigious badge on the Axon profile we shall proliferate the world of electronic security.
Thanks to all Axon team members who contributed in this process and looking forward to a rewarding experience.
Axon to Light Up Expo`s Oman Pavilion
Planning to explore Oman pavilion at Expo 2020?
We welcome you to witness Axon`s Internal & External Signage at Expo 2020 Oman Pavilion.
Showcasing proudly our, Pylon Sign, Wall Mounted Sign, Wall Graphics – Digital Printing, Pylon Sign with LED Screen and our finest & informative “Information Sign” for Luban Tree.
Axon participated in Intersec 2020
Exhibiting at Intersec gave us a chance to meet you and focus on growing trends in the industry. The event provided an opportunity to a large number of fellow security industry experts and visitors to witness products from Chubbsafes including a graded Vault Door with Built-in-Emergency door, Wifi-Enabled high security IP digital locks from Sargent & Greenleaf, Chubbsafes Fire & Burglary resistant safes secured by S&G AxisBlu Bluetooth enabled digital locks.
Axon also showcased Surveillance Management software and “Artificial Intelligence” with exceptional accuracy. It was during this event that we could listen to your business needs and together explore the right solutions.
Chubbsafes by Axon Annual Corporate Golf Day
The keenly awaited ”Chubbsafes by Axon Annual Corporate Golf Day” was held on 14th of November 2019 at the Address Montgomerie, Dubai. This was the 13th edition of this popular event in partnership with Gunnebo Middle East.
Valera launch at The New Store Dubai
Valera, award-winning Swiss hair specialists has partnered with The New Store (TNS) owned by Mostafa Bin Abdullatif Investments LLC, to launch its professional hair styling range of hairdryers and styling products/accessories in the UAE. The new innovative and stylish range is engineered to suit different types of hair and styling needs for both men and women.
Malco Technologies Win ICT Champion Awards 2019
Malco Technologies owned by Mostafa Bin Abdullatif Investments are very glad to receive the ICT Champion Awards 2019 for the category – IT Infrastructure Distributor Of The Year-2019. Hujefa Kanorwala, the GM of Malco Technologies believes that Malco Technologies has the right team, right capabilities and the right solutions needed to achieve greater momentum in the region. They are confident that they have the perfect partners whose solutions can be successfully marketed.
Nexans Training Session @ O14 Business Bay office
Malco Technologies partnered with Nexans to conduct a one-day technical training program at our Business Bay office for three consecutive days; 24th, 25th and 26th March 2019. This session was aimed to impart insight on the various services provided by Nexans such as cabling solutions, data center solutions, Intelligent solutions, LAN active solutions and so on.
Retirement of Mr. Zubair Arif (25 years)
During the Mostafa Bin Abdullatif Corporate Gathering at QE2, the management honored the invaluable services that Mr. Zubair has provided to the company over the past twenty five years. He has been a sincere, devoted and hardworking individual, who had contributed to the growth of the company through the years. During the gathering, Mr. Zubair was presented with an embossed gold coin and exceptional service plaque.
Axon at Intersec 2019
Axon exhibited at Intersec 2019 from the 20th to 22nd of January 2019 and was held at the DWTC, Dubai, UAE. We showcased solutions in the field of physical security solutions, Integrated solutions, time & attendance solutions, 3D facial recognition devices and latest biometric vault locks. Our products originate from U.K, Germany, France, Russia and the Far East. A large number of our focused customer groups visited us and enjoyed the demonstrations and presentations.
Annual Family Gathering 2018
Mostafa Bin Abdullatif Investments and its 7 companies hosted their Annual Family Gathering on 11th December 2018 at Queen Elizabeth II. It was fun time for employees along with their families with lots of games for children, couples games, henna corner for ladies and face painting for children.