Saif Al Ghurair & family: Saif Al Ghurair & family Net Worth, Biography, Age, Spouse, Children & More

About Saif Al Ghurair & family

Emirati billionaire and visionary industrialist, Saif Ahmad Al Ghurair, who was at the helm of the Al-Ghurair Group as CEO, passed away in August 2019 at the age of 95 in Dubai. Born into a prominent business family in 1924, Al Ghurair founded the group in 1960, diversifying into sectors like banking, steel, real estate, and manufacturing, significantly impacting Dubai's economic landscape. A major stakeholder in Mashreq and the force behind the founding of Taghleef Industries in 2006, he amassed a net worth of $3.4 billion by 2015. His innovative strides also included the expansion of Burjuman Centre in 2004. Survived by six children, his legacy is a testament to the entrepreneurial spirit that has shaped the UAE's business sector.

Born

January 01, 1924 in Dubai

Died

March 21, 2024 (aged 100)

Source Of Wealth

Diversified

Industries

Diversified

Citizenship

United Arab Emirates

Children

Saif Ahmad Al Ghurair was born in 1924 in Dubai Creek, the eldest of five sons of Ahmed Al Ghurair. He lost sight in one eye during a stormy boat trip to India in the 1930s.

Saif Al Ghurair & family: Family

Saif Ahmad Al Ghurair was married and had six children. He lived in Dubai with his family.

Saif Al Ghurair & family: Career Highlights

Saif Ahmad Al Ghurair founded Al Ghurair Group in 1960, with interests in banking, steel, and packaging. He also invested in real estate, retail, and manufacturing. In 2004, he opened a second Burjuman Centre with an office tower, hotel, and luxury service apartments. He was a significant shareholder in Mashreq and formed Taghleef Industries in 2006, one of the world's largest manufacturers of polypropylene films, lamination, and food packaging.

Saif Al Ghurair & family: Companies

Saif Ahmad Al Ghurair was the CEO of Al-Ghurair Group, which has interests in banking, steel, packaging, real estate, retail, and manufacturing. He was also a significant shareholder in Mashreq and formed Taghleef Industries.

Saif Al Ghurair & family: Major Achievements

Saif Ahmad Al Ghurair's major achievements include founding Al Ghurair Group, opening a second Burjuman Centre, and forming Taghleef Industries. He was also a significant shareholder in Mashreq.

Saif Al Ghurair & family: Awards & Achievements

Saif Ahmad Al Ghurair's awards and achievements include being named one of the world's richest Arabs by Forbes magazine and being listed as one of the most influential people in the Middle East by Arabian Business magazine.

Saif Al Ghurair & family: Personal Life & Legacy

Saif Ahmad Al Ghurair was a well-respected businessman and philanthropist. He was known for his generosity and his commitment to social causes. He died in Dubai in August 2019 at the age of 95 and was buried in Qusais Cemetery, Dubai on 27 August 2019.

Saif Al Ghurair & family: Trivia

Saif Ahmad Al Ghurair was a keen sailor and enjoyed spending time on his yacht.

He was also a patron of the arts and supported many cultural initiatives in Dubai.

Wealth History

Timeline

1924

Saif Ahmad Al Ghurair was born in Dubai Creek, the eldest of five sons.

1960

Saif Ahmad Al Ghurair founded Al Ghurair Group, with interests in banking, steel, and packaging.

1930s

Saif Ahmad Al Ghurair lost sight in one eye during a stormy boat trip to India.

2004

Saif Ahmad Al Ghurair opened a second Burjuman Centre in 2004 with an office tower, hotel, and luxury service apartments.

2006

Saif Ahmad Al Ghurair formed Taghleef Industries, one of the world's largest manufacturers of polypropylene films, lamination, and food packaging.

2015

Saif Ahmad Al Ghurair's net worth was estimated at $3.4 billion.

August 2019

Saif Ahmad Al Ghurair died in Dubai at age 95.

27 August 2019

Saif Ahmad Al Ghurair was buried in Qusais Cemetery, Dubai.

Saif Al Ghurair & family : FAQs

What is Saif Al Ghurair's net worth?

As of 2019, Saif Al Ghurair's net worth was $1.70 billion.

What are Saif Al Ghurair's main sources of wealth?

Saif Al Ghurair's main source of income comes from Diversified.

In which industry does Saif Al Ghurair primarily operate?

Saif Al Ghurair is primarily involved in the Diversified industry.

Is Saif Al Ghurair dead?

Yes, Saif Al Ghurair died on March 21, 2024 (aged 100).

How many children does Saif Al Ghurair have?

Saif Al Ghurair has 6 children.

Who was Saif Ahmad Al Ghurair and what was his contribution to the global business scene?

Saif Ahmad Al Ghurair was an Emirati billionaire businessman, best known as the CEO of Al-Ghurair Group, a conglomerate with interests in banking, steel, and packaging. He founded the group in 1960 and played a pivotal role in various sectors, including real estate, retail, and manufacturing, making significant contributions to the global business scene.

What was the significance of Al Ghurair Group in the international market, and what industries did it influence?

Al Ghurair Group, founded by Saif Ahmad Al Ghurair in 1960, significantly impacted the international market, particularly in industries like banking, steel, packaging, real estate, retail, and manufacturing. The group's diversification and investments made it a key player globally, particularly with Taghleef Industries becoming one of the world's largest manufacturers of polypropylene films.

How did Saif Ahmad Al Ghurair's personal life and early experiences shape his career?

Born in 1924 in Dubai Creek and experiencing a challenging incident where he lost sight in one eye during a boat trip to India in the 1930s, Saif Ahmad Al Ghurair's early life was marked by resilience. The eldest of five sons, his personal experiences and family background significantly shaped his career, instilling in him the tenacity to establish and grow Al Ghurair Group into a conglomerate.

What were some of the notable achievements and investments of Saif Ahmad Al Ghurair?

Some of Saif Ahmad Al Ghurair's notable achievements include founding Al Ghurair Group, opening a second Burjuman Centre in 2004, and forming Taghleef Industries in 2006. His investments spanned across real estate, retail, and manufacturing, including being a significant shareholder in Mashreq. These ventures underscored his entrepreneurial spirit and significant impact on various industries.

When did Saif Ahmad Al Ghurair pass away, and where is he buried?

Saif Ahmad Al Ghurair passed away in Dubai in August 2019 at the age of 95. He was buried in Qusais Cemetery, Dubai, on 27 August 2019, marking the end of an era for one of the UAE's most prominent business figures.