Al Habtoor Group denies link with Al Habtoor Trading

Al Habtoor Group has said in a media statement today that it has no link or relationship of any kind with Al Habtoor Trading Enterprises (HTE).

Mohammed Al Habtoor, vice-chairman and CEO of Al Habtoor Group, said: “We feel obligated to clarify that Al Habtoor Group and Al Habtoor Trading Enterprises are two separate entities.

“We want to clarify to anyone that might have the impression that the two entities are linked, that they are not in any way connected. Any actions or business decisions taken by 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 Al Habtoor Trading Enterprises business ventures.”

The Al Habtoor Group, founded by the Chairman Khalaf Ahmad Al Habtoor, is a UAE-based conglomerate. Known for construction, it is involved in the hotel, automotive, real estate, education, insurance and publishing sectors.

Al Habtoor Trading Enterprises (HTE) (www.htedubai.com) was founded by Rashid Al Habtoor in the late 1980s, said the press statement.