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MMID was established in 1996 as a joint stock company primarily owned by the Mansour Group and the El-Maghraby Group. The Mansour Group owns over 60% of the equity of MMID. The El-Maghraby Group, with its headquarters in Saudi Arabia and interests in tourism, agriculture and medical care, is considered one of the leading corporations in its field of expertise.
MMID is active in several areas, including equity participation, venture capital and stock market investment. Aside from acquiring stakes in established companies, the firm focuses on partnerships with successful or promising entrepreneurs to engage in startup businesses. As of 2003, MMID handled a diverse portfolio, as follows:
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