[13] Rachid was appointed Chairman of Valentino and oversaw the turn around of the business by changing key managerial positions,[14][15] and putting a new strategy to establish the brand as a maison de couture.

[10] In July 2023 Mayhoola sold 30% of Valentino to fashion giant Kering Group for a reported figure of EUR 1.87 billion in cash.

[10] Post the 2011 revolution and his exit from political life Rachid wanted to go back into business and having sold his remaining 40% of the Unilever joint venture which at the time boasted a capitalization of USD 2bn, he decided to focus on Luxury.

Alsara has over USD 2bn in assets under management and focuses primarily on markets in the Middle East, North Africa and Europe.

[22] Alsara also founded Bidayat a company which invests in and nurtures creative local and regional brands with the aim of growing them internationally.

He has been described as one of the few reformer ministers and that he led liberal economic measures that included sale of major state assets and sharp reductions in income taxes and tariffs.

[26] Rachid was a member of the government's new 'economic team' tasked with delivering a program of reforms to open Egypt up to international trade and investment.

In January 2011 following mass protests against the Mubarak’s regime the former president dismissed the entire cabinet in a failed bid to remain in Power.

[34] In 2016 Rachid reached a deal with Egypt's Asset Recovery Committee after he was able to prove his finances and investments existed prior to his appointment to the Ministry in 2004.