Abdul Aziz Al Ghurair & family

$2.90 B

Ranked #401 in World

About Abdul Aziz Al Ghurair & family

Abdul Aziz Al Ghurair, an Emirati billionaire and influential figure in the finance sector, serves as the chairman of Mashreq Bank and a director at the Abdullah Al Ghurair Group. With a net worth of US$2.6 billion as of 2022, Al Ghurair's extensive career began in 1977 at Mashreq, leading to significant expansions internationally. An industrial engineering graduate from California Polytechnic State University, his leadership saw the introduction of pioneering banking services in the Middle East. Beyond his business achievements, Al Ghurair is known for his philanthropic efforts, including a substantial pledge to the Abdulla Al Ghurair Foundation for Education in 2015. His roles have spanned from former speaker of the UAE's Federal National Council to co-chairman of the Arab Business Council, marking him as a key player in both the financial and philanthropic landscapes.

Born

July 01, 1954

Age

71 years

Source Of Wealth

Banking

Industries

Finance

Citizenship

United Arab Emirates

Education

California State Polytechnical University

Children

Parent

Abdulla Al Ghurair

Abdul Aziz Al Ghurair was born in Dubai, United Arab Emirates, into a prominent business family. His exact date of birth is not publicly available.

Abdul Aziz Al Ghurair & family: Family

Al Ghurair comes from a well-known Emirati family with a long history of business success. His father, Abdulla Al Ghurair, was a successful businessman and philanthropist. Al Ghurair has several siblings, including Essa Al Ghurair, who is also a prominent businessman.

Abdul Aziz Al Ghurair & family: Career Highlights

Al Ghurair's career spans several decades, with significant achievements in the banking and business sectors. Here are some highlights of his career:

Joined Mashreq Bank in 1977 and held various positions until 1988.
Established international branches of Mashreq in New York, London, Bahrain, Qatar, Egypt, India, and Pakistan.
Appointed Executive Director of Mashreq in 1989 and became its CEO in 1990.
Currently serves as the Chairman of Mashreq, a leading financial institution in the UAE.
Oversees the family's diverse business interests, including real estate, cement, contracting, and food (Masafi mineral water and the second-largest flour mill in the Middle East).
Chairs the Arab Business Angels Network, supporting entrepreneurship and innovation in the region.
Former CEO of Mashreq, where he introduced ATMs, debit/credit cards, travelers' cheques, consumer loans, and POS terminals in the Middle East.
Chairman of Al Ghurair Investments, focused on sectors such as food, commodities, construction, and properties.
Served on the boards of prominent organizations, including Emaar, Visa International, MasterCard, Dubai International Financial Centre, and Dubai Chamber of Commerce and Industry.
Co-chairman of the Arab Business Council, promoting economic cooperation and trade between Arab countries.

Abdul Aziz Al Ghurair & family: Companies

Al Ghurair is associated with several companies and organizations, including:

Mashreq Bank
Al Ghurair Investments
Abdullah Al Ghurair Group
Arab Business Angels Network
Emaar
Visa International
MasterCard
Dubai International Financial Centre
Dubai Chamber of Commerce and Industry
Arab Business Council

Abdul Aziz Al Ghurair & family: Major Achievements

Al Ghurair's major achievements include:

Transforming Mashreq Bank into a leading financial institution in the UAE and the wider region.

Expanding Mashreq's global presence by establishing international branches in several countries.
Introducing innovative banking products and services in the Middle East, such as ATMs, debit/credit cards, travelers' cheques, consumer loans, and POS terminals.
Diversifying the family's business portfolio across various sectors, including real estate, cement, contracting, and food.
Actively supporting entrepreneurship and innovation through the Arab Business Angels Network.
Serving in leadership positions on the boards of prominent organizations, contributing to the development of the UAE's economy and business landscape.

Abdul Aziz Al Ghurair & family: Awards & Achievements

Al Ghurair has received numerous awards and recognitions for his contributions to business and philanthropy, including:

Forbes Middle East's "Top 100 Arab Businessmen" list
Arabian Business Power 500 list
Arabian Business Achievement Award
Sheikh Khalifa Excellence Award
Dubai Quality Award
Honorary Doctorate from the American University of Sharjah

Abdul Aziz Al Ghurair & family: Personal Life & Legacy

Al Ghurair is known for his philanthropic efforts and support for various charitable organizations, including UNICEF, UNESCO, and the UAE Disabled Sports Federation. He is also actively involved in promoting education and entrepreneurship in the UAE. Al Ghurair's legacy is one of business success, innovation, and a commitment to social responsibility.

Abdul Aziz Al Ghurair & family: Trivia

Al Ghurair was part of the official UAE delegation that visited the Vatican and met Pope Benedict XVI in 2008.
In 2015, he pledged one-third of his group's assets to the Abdulla Al Ghurair Foundation for Education, supporting educational initiatives in the region.
Al Ghurair is known for his passion for sports and is a keen golfer.

Wealth History

Timeline

1977

Abdul Aziz Al Ghurair joined Mashreq.

1988

Abdul Aziz Al Ghurair worked in various capacities at Mashreq.

1989

Abdul Aziz Al Ghurair was appointed executive director of Mashreq.

1990

Abdul Aziz Al Ghurair became CEO of Mashreq.

2007

Abdul Aziz Al Ghurair became speaker of the UAE's Federal National Council.

2008

Abdul Aziz Al Ghurair was part of the official UAE delegation to visit the Vatican and meet Pope Benedict XVI.

2011

Abdul Aziz Al Ghurair stepped down as speaker of the UAE's Federal National Council.

2015

Abdul Aziz Al Ghurair pledged one-third of his group's assets to the Abdulla Al Ghurair Foundation for Education.

Abdul Aziz Al Ghurair & family : FAQs

What is Abdul Aziz Al Ghurair's net worth?

As of 2012, Abdul Aziz Al Ghurair's net worth was $2.90 billion.

What are Abdul Aziz Al Ghurair's main sources of wealth?

Abdul Aziz Al Ghurair's main source of income comes from Banking.

In which industry does Abdul Aziz Al Ghurair primarily operate?

Abdul Aziz Al Ghurair is primarily involved in the Finance industry.

What is Abdul Aziz Al Ghurair educational background?

Abdul Aziz Al Ghurair holds a California State Polytechnical University.

How old is Abdul Aziz Al Ghurair?

Abdul Aziz Al Ghurair is 71 years old.

How many children does Abdul Aziz Al Ghurair have?

Abdul Aziz Al Ghurair has 5 children.

What roles has Abdul Aziz Al Ghurair held in his career?

He has been the Chairman of Mashreq, a director of the Abdullah Al Ghurair Group, and a former speaker of the UAE's Federal National Council from 2007 to 2011.

Can you detail Abdul Aziz Al Ghurair's contributions to the banking sector?

As the former CEO and current chairman of Mashreq, he introduced ATMs, debit/credit cards, travelers' cheques, consumer loans, and POS terminals in the Middle East. He also expanded Mashreq's international presence by setting up branches in several countries.

How has Abdul Aziz Al Ghurair contributed to philanthropy?

He supports various charitable organizations, was part of the UAE delegation to meet Pope Benedict XVI in 2008, and pledged one-third of his group's assets to the Abdulla Al Ghurair Foundation for Education in 2015.