Al Habtoor Group denies links with Rashid Al Habtoor, Al Habtoor Trading Enterprises
The Al Habtoor Group, founded by Khalaf Ahmad Al Habtoor, is a UAE-based conglomerate
Dubai: The Al Habtoor Group on Thursday denied any link or relationship with Rashid Al Habtoor and his company Al Habtoor Trading Enterprises.
In an official statement, it said the group and all its divisions, including Habtoor Hospitality (Habtoor Hotels), have no link or relationship of any kind with Rashid Al Habtoor and his company Al Habtoor Trading Enterprises (HTE) and affiliates.
“We feel obligated to clarify that Al Habtoor Group and Rashid Al Habtoor are two separate entities. We want to make clear to anyone that might have the impression that the two are linked, that they are not in any way connected,” a spokesperson for the group said.
“Any actions or business decisions taken by Rashid Al Habtoor, and or Al Habtoor Trading Enterprises or any of their associates are their sole responsibility, and Al Habtoor Group is not liable under any circumstance for any damages or liabilities arising directly or indirectly from Rashid Al Habtoor and Al Habtoor Trading Enterprises business ventures.”
The Al Habtoor Group, founded by chairman Khalaf Ahmad Al Habtoor, is a UAE-based conglomerate, and operates in the hotel, automotive, real estate, education, and insurance sectors.