Saif Ahmad Al Ghurair

Saif Ahmad Al Ghurair (1924 – 2019) was an Emirati billionaire businessman, CEO of the Dubai-based Al-Ghurair Group, a large company in the UAE's real estate and manufacturing sectors. His Saif Al Ghurair family owns and leads the different business units of the group.

Saif Ahmad Al Ghurair
Born1924[1]
Died2019(2019-00-00) (aged 94–95)[1]
Dubai
Resting placeQusais Cemetery, Dubai
NationalityEmirati
EducationAl Ain University
OccupationBusinessman
Net worth$1.7 billion (February 2020)[2]
TitleChairman, Al Ghurair Group
Spouse(s)Married
Children5
RelativesAbdulla Al Ghurair (brother), Abdul Aziz Al Ghurair (nephew)

Early life

Al Ghurair was born in 1924 on the shores of Dubai Creek, the eldest of five sons. His father had a family business and owned fishing boats. [3]

Al Ghurair gained a bachelor's degree in accounting at the Al Ain University.[4]

Career

In 1960, he founded the Al Ghurair Group, a company which has interests in banking, steel and packaging.[2][5]

The group invested in real estate, retail and manufacturing.[3]

In 2004 his group opened a second Burjuman Centre with an office tower, hotel and luxury service apartments.[3]

He was also a significant shareholder in Mashreq.[2]

In 2006, he formed the company Taghleef Industries through a merger of Dubai PolyFilm with Technopak of Egypt and AKPP in Oman, and it became one of the world´s largest manufacturers of polypropylene films, lamination and food packaging.[2]

Personal life

He was the eldest son of Ahmed Al Ghurair.[1] He was married with six children, and lived in Dubai.[2]

A stormy boat trip to India in the 1930s to sell dates left him blind in one eye.[2]

Death

Al Ghurair died in Dubai in August 2019, aged 95.[6] He was buried in Qusais Cemetery, Dubai on 27 August 2019.[6]

See also

References
  1. "Prominent Emirati businessman Saif Ahmed Al Ghurair dies". gulfnews.com. Retrieved 2020-02-27.
  2. "Forbes profile: Saif Al Ghurair". Forbes. Retrieved 27 February 2020.
  3. Mark Anthony Karam. "Snapshots from the life of business mogul Saif Ahmed Al Ghurair". AMEinfo. Retrieved 7 April 2020.
  4. "Executive Profile - Majid Saif Ahmad Al Ghurair", Bloomberg. Accessed 12 January 2016.
  5. "Tributes pour in after Saif Al Ghurair, pioneering Dubai businessman, dies". The National. 27 August 2019. Retrieved 7 April 2020.
  6. "Noted Emirati businessman Saif Ahmad Al Ghurair laid to rest in Dubai". Gulf News. 27 August 2019. Retrieved 28 August 2019.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.