He is the founder and chairman of Mashreq Bank, one of the largest banks in the UAE. He also owns a large stake in the Dubai-based Al Ghurair Group, a conglomerate with interests in construction, real estate, manufacturing, and retail. His other investments include stakes in the Dubai Financial Market and the Abu Dhabi Securities Exchange.
Abdul Aziz Al Ghurair is a member of Sheiks
Age, Biography and Wiki
💰 Net worth: $7.5 Billion (2024)
Abdul Aziz Al Ghurair, also referred to as Sheiks in the United Arab Emirates, is a prominent figure with an estimated net worth of $7.5 billion in 2024. Being a successful businessman, he has accumulated immense wealth through his various business ventures. As the Chairman of the Al Ghurair Group, a conglomerate spanning multiple industries, he has contributed significantly to the growth of the Emirates' economy. Abdul Aziz Al Ghurair's impressive net worth showcases his astute business acumen and entrepreneurial prowess, giving him the recognition and respect he deserves as one of the leading figures in the UAE.
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.
