Abdul Aziz Al Ghurair Net Worth is$2.9 Billion
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What is Abdul Aziz Al Ghurair's net worth? Abdul Aziz Al Ghurair's net worth is $2.9 billion which makes him the richest person in the United Arab Emirates. Born in the United Arab Emirates, Abdul Aziz Al Ghurair attended California State Polytechnic University. He is the current CEO of Mashreq Bank. In the 1960s, during the first wave of economic growth in the UAE, fueled by the vast oil reserves discovered under its sand, Abdul Aziz Al Ghurair's father founded the bank. Since then, the company has expanded into a successful conglomerate, with real estate, publishing, construction, food, and petrochemical holdings. In addition to his work with Mashreq, he also helms the Arab Business Angels Network, a venture capital group focused on Arab startups, and serves as the Speaker of the House for the Federal National Council. He has plans to step down from government next year, in order to focus on his business interests. He is reportedly considering investing in Libya, as he already controls 50% of Libya's largest oil refinery.
Abdul Aziz Al Ghurair ??? ?????? ??????(born 1 July 1954) of the United Arab Emirates, is the Chief Executive Officer of the publicly traded Mashreq Bank, and billionaire. As of 2011 his net worth was estimated by Forbes to be $2.7 billion, making him the 420th richest person in the world.
Al-Ghurair is currently the head of Mashreq Bank, a leading United Arab Emirates commercial bank founded by his father during the Gulf's first oil boom in the 1960s. Bank profits were down across the region this year,[when?] but his family's diverse holdings in real estate, cement, contracting, publishing, residential care and petrochemicals, among others, has helped soften the blow. The food division of his holdings, headed by his brother Essa, includes the Middle East's second-largest flour mill and ubiquitous Masafi mineral water. Al Ghurair chairs the Arab Business Angels Network, an organisation that seeks to match angel investment funding with startups by Arab entrepreneurs. His wife is the major shareholder in Four Seasons Health Care LTD, the largest private health care group in the United Kingdom.
Abdul Aziz Al Ghurair is Speaker of the House of the Federal National Council (FNC) in the United Arab Emirates (the UAE Parliament).
Al Ghurair is also the CEO of Mashreq Group. He was appointed to the role in 1990 and has since steered the bank into becoming a world-class financial services institution. Under his 17-year tenure the bank's assets have risen to AED 72.6 billion as of June 2007--a 50.3 per cent increase from 2006.
Driven to lead the UAE banking industry, innovative milestones include Mashreq being the first to launch automated teller machines (ATMs); debit and credit cards; travellers' cheques; consumer loans; Point of sale (POS) terminals; Bancassurance products; mortgages, digital chip enabled credit cards; and the widely popular Mashreq Millionaire rewards-based savings programme.
His endeavours have earned the bank many international accolades,

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Abdul Aziz Al Ghurair Latest News

Al Ghurair awarded honorary degree

Dubai: The American University in Cairo (AUC) has awarded the degree of Doctor of Humane Letters to Abdul Aziz Al Ghurair, chairman of the Abdullah Al Ghurair Foundation for Education (AGFE) and CEO of Mashreq Bank. The degree is in recognition of “his ...
Posted: June 18, 2017, 6:04 am

H.E. Abdul Aziz Al Ghurair Receives the Degree of Doctor of Humane Letters from the American University in Cairo

The American University in Cairo (AUC) awarded yesterday the degree of Doctor of Humane Letters to H.E. Abdul Aziz Al Ghurair, Chairman of the Abdulla Al Ghurair Foundation for Education and CEO of Mashreq Bank, in recognition of his dedication to ...
Posted: June 18, 2017, 9:41 pm

Banking sans branches

In spite of these challenges, according to the UBF Trust Index, consumer perception of the UAE banking sector remained robust with majority of consumers exhibiting a positive outlook about the UAE banking sector," said Abdul Aziz Abdulla Al Ghurair ...
Posted: August 7, 2017, 5:00 pm

AUC Celebrates June 2017 Undergraduate Commencement and Awards Abdul Aziz Al Ghurair an Honorary Degree

The American University in Cairo (AUC) held yesterday its June 2017 undergraduate commencement ceremony that witnessed the graduation of a total of 634 students, of whom 108 were distinguished as cum laude, 114 as magna cum laude, and 130 as summa cum laude.
Posted: June 19, 2017, 12:30 am

How Abdul Aziz Al Ghurair Wants To Create The Next Generation Of Arab Innovators

The fund, which is run by Al Ghurair’s son Abdul Aziz (hereon referred to by his surname), will offer $1.14 billion in grants for underprivileged youth over the course of the coming ten years. “My father has come to an age where he has started thinking ...
Posted: February 16, 2017, 5:00 am
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