All Brands Owned by Qalco

Who owns Qalco?
Qalco (Qatar Lubricants Company W.L.L.) is owned by Sheikh Mohamed Bin Khalifa Bin Hamad Al Thani, a member of the Qatari ruling family. Fawad Naeem Rana serves as Managing Director and runs the company day to day. Qalco is a privately held company and does not disclose ownership percentages or financial details publicly. The company was founded in 1998 and is headquartered in Mesaieed Industrial City near Doha, Qatar.

Does Qalco own the Lahore Qalandars?
Qalco acquired the Lahore franchise rights from the Pakistan Cricket Board in December 2015 for approximately $25.1 million over ten years. The franchise is operated through Kausar Rana Resources (KRR), a Pakistani special purpose vehicle in which Qalco originally held 51 percent. However, an arbitration tribunal ruled in January 2026 that the transfer of Qalco shares to Atif and Sameen Rana was void, and the brothers must either pay Qalco PKR 2.296 billion or return the 51 percent shareholding.

How many PSL titles have the Lahore Qalandars won?
The Lahore Qalandars have won three Pakistan Super League titles, in 2022, 2023, and 2025. They are the most successful franchise in recent PSL history and the first team besides Islamabad United to win three titles. The 2025 final saw the Qalandars defeat Quetta Gladiators by six wickets at Gaddafi Stadium in Lahore, chasing 202 runs with one ball to spare. The team received $500,000 in prize money for the 2025 title.

What is the Lahore Qalandars franchise worth?
An independent valuation by EY MENA in November 2025 declared the Lahore Qalandars the most valuable PSL franchise based on combined on-field performance and organisational strength. The valuation placed the franchise at approximately PKR 980 million ($3.47 million) per year. The renewed annual franchise fee is approximately PKR 670 million ($2.37 million), based on the original value plus 25 percent of the new valuation. The original acquisition price in 2015 was $25.1 million over ten years.

What does Qalco actually do as a business?
Qalco is a lubricants manufacturing company. It operates a blending plant in Mesaieed Industrial City in Qatar, producing automotive engine oils, industrial lubricants, marine oils, greases, coolants, and oilfield chemicals. The company serves government, private, and retail customers in Qatar and exports to countries in Asia and Africa. Qalco also provides toll blending services for other companies. The company does not publicly disclose its revenue.

What is the Rana brothers ownership dispute?
The dispute involves Fawad Rana, Qalco Managing Director, against his younger brothers Atif and Sameen Rana over control of the Lahore Qalandars. Fawad Rana alleges that shares of Kausar Rana Resources were fraudulently transferred from Qalco to his brothers in 2020. An arbitration tribunal appointed by the Supreme Court of Pakistan ruled in January 2026 that the transfer was void. The brothers must pay Qalco PKR 2.296 billion (approximately $8.2 million) plus markup within 45 days, or return the 51 percent shareholding to Qalco.