The Almuftah Group started its first venture in 1963, selling gramophone records. Today, it employs 6,000 people and operates in 15 multiple sectors across over 30 companies. In 2023, the group developed and launched its own brand, ALM, for home appliances registered in Qatar. It also established its headquarters in Ras Laffan to reinforce its position in the industry and established a representative office in the Qatar Free Zone to explore opportunities for manufacturing goods in Qatar, diversify its operations, and expand its global trade footprint.