Members of the AlNowais family founded AlNowais Investments in Abu Dhabi in 1979, which has since become a regional conglomerate in several sectors. The family owns a controlling stake in Rotana, which operates hotels spanning 19,602 keys and six brands, including 36 hotels in the U.A.E. and eight hotels in Saudi Arabia. In 2023, AMEA Power, a subsidiary of AlNowais Investments, closed a $75 million equity funding round from SoftBank Group Corp. The group’s chairman, Hussain AlNowais, owns around 7.6% of the Waha Capital Company.