Abdul Aziz Al Ghurair & family’s profile picture

Abdul Aziz Al Ghurair & family

Abdul Aziz Al Ghurair & family’s profile picture
Net worth 2018: $2.9 Billion
Industry: Finance
BirthDay: 12 November 1954
Children: 5
Education: California State Polytechnical University
BIOGRAPHY

Abdul Aziz Al Ghurair & family was bornon 12 November 1954 in United Arab Emirates. Abdul Aziz Al Ghurair presides over Mashreq, a leading bank in the United Arab Emirates. The bank is on the path to recovery after taking a hit for its exposure to bad real estate loans. Assets are still declining, but in a turnaround, Mashreq's net earnings were up almost 17% in the first nine months of 2011. Al Ghurair has served as head of UAE's national assembly, but will reportedly not seek another term this year. The Al Ghurair conglomerate, which has interests in food, construction, and retail is looking to invest in Libya, where it already owns reportedly half of the country's largest oil refinery.

NET WORTH STATISTIC
2010

$3.5 Billion

2011

$2.7 Billion

2012

$2.9 Billion

2018

$2.9 Billion

TIMELINE
2011

As of 2011 his net worth was estimated by Forbes to be $2

2009

Saood, graduated from the University of San Diego in 2009

2008

Al Ghurair was part of the highest-level official delegation from the United Arab Emirates ever to visit the Vatican met with Pope Benedict and Cardinal Bertone, on 21 October 2008

2007

Al Ghurair was Speaker of the House of the Federal National Council (FNC) in the United Arab Emirates (the UAE Parliament) from 2007 until 2011

2006

His endeavours have earned the bank many international accolades, including the ‘Best Bank in the UAE’ Award 2006 from Euromoney magazine and the MasterCard Product Award for Mashreq UAE E-Gate Prepaid MasterCard card

1990

He was appointed to the role in 1990 and has since steered the bank into becoming a world-class financial services institution

1989

He was appointed Executive Director in 1989 and became CEO the following year

1988

He worked in various capacities till 1988 and he took over responsibility for the bank’s international operations, setting up branches in New York—US, London—UK, Bahrain, Qatar, Egypt, India and Pakistan

1960

Al-Ghurair is currently the head of Mashreq Bank, a leading United Arab Emirates commercial bank founded by his uncle Majed Ahmed AlGhurair during the Gulf's first oil boom in the 1960s

1954

Abdul Aziz Al Ghurair عبد العزيز الغرير(born 12 November 1954) of the United Arab Emirates, is the Chief Executive Officer of the publicly traded Mashreq Bank, and billionaire

1942

7 billion, making him the 420th richest person in the world

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