The parent corporation Metallgesellschaft A.G. is a large conglomerate with interests in a wide variety of metal, mining, and engineering businesses, including 15 major subsidiaries. Total sales in 1993 topped DM 26 billion ($16 billion) on assets of DM 17.8 billion ($10 billion) and with total employment of 43,292. Metallgesellschaft is closely held with over 65% of its stock owned by seven institutional investors, including the Emir of Kuwait, Dresdner Bank, Deutsche Bank, Allianz, Daimler-Benz, the Australian Mutual Provident Society and M.I.M. Holdings Ltd. of Australia. Some of these are also important creditors to the firm.