Mayhoola For Investments is a Qatari company that invests in global luxury brands, including Valentino and Balmain where Rachid serves as chairman. He also founded and chairs the Alsara Investment Group and its investment arm, Bidayat, which has a portfolio of brands, including Azza Fahmy Jewellery, Okhtein, and Walter Albini. In May 2024, the group launched a luxury ready-to-wear and accessories brand, RETORI. Rachid was previously the Minister of Trade and Industry in Egypt.