Al Faisal Holding was established in 1964 as a small company trading in spare automotive parts. Today, the group has over 50 companies operating across eight sectors. The group’s hospitality arm, Al Rayyan Tourism Investment Company (ARTIC), has 35 hotels and projects in the Middle East, Africa, Europe, and North America. In January 2023, ARTIC and JW Marriott announced the completion of the first stage of the transformation of the JW Marriott Hotel Berlin. Al Faisal Holding’s chairman Al Thani had a net worth of $1.7 billion as of July 4, 2023.