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Ahmad Al Ghurair later turned the management of the family's business interests to his five sons: Saif, Abdulla, Majid, Marwan, and Jomaa. [11] Saif became the chairman of the Al Ghurair Group, a position he held until the 1990s. [11] The Al Ghurair Group built the United Arab Emirates' first cement factory, flour mill, and sugar refinery. [1] [12]
Al Ghurair (Arabic: الغرير) was established in 1960. Al Ghurair is one of the largest diversified family business groups in the Middle East , with six key business units: Foods , Resources , Properties , Construction , Mobility and Ventures, including Auto Servicing & Trading, Retail and Education ( Dar Al Marefa ).
Al Ghurair is a member of a prominent Emirati business family. His brother Saif Ahmad Al Ghurair (1924–2019), was a fellow billionaire and head of the Al Ghurair Group. [2] In 1967, Al Ghurair founded Mashreqbank. [3] In October 2019 he stepped down as Chairman, but remained as a board member.
Saif Ahmad Al Ghurair (Arabic: سيف أحمد الغرير; 1924 – 27 August 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 family owns and leads the different business units of the group.
In 2002, Burjuman announced a AED 500 million (US$135 million) project of the expansion of the mall's North Wing. The project included the construction of the South Wing, a 26-storey luxury residential apartment building, a 23-storey hotel building, and a 30-storey office tower. Construction started in 2004.
Al Ghurair trained as an industrial engineer and earned a bachelor's degree from California Polytechnic State University.He joined Mashreq in 1977, and worked in various capacities until 1988, and he took over responsibility for the bank's international operations, setting up branches in New York, London, Bahrain, Qatar, Egypt, India and Pakistan.
B. S. Abdur Rahman was born in Kilakarai, Tamil Nadu, India, in a middle-class Marakkar family, the son of Bhukari Aalim. His father was a prominent Pearl Trader in South Asia. He completed his Secondary School Level at Schwartz School, Ramanathapuram & Hameedia High School, Kilakarai. He had four sons and two daughters.
Al Ghurair has chaired the Al Ghurair board since 2008, [3] and since 2003 has been a board member of Abdul Rahman Saif Al Ghurair Investments and Mashreq Bank, [4] the oldest privately held bank in the Emirates. He has been a member of the Dubai Economic Council since 2003. [5]