Abdul Aziz Al Ghurair Net Worth : $7.5 billion
A United Arab Emirates Businessman
United Arab Emirates
Source of Wealth
Date of Birth
November 12, 1954
Did graduation from California State Polytechnic University
Abdul Aziz Al Ghurair’s Total Net Worth
Abdul Aziz Al Ghurair is an entrepreneur based in U.A.E. Owning a net worth of $7.5 billion, he is the CEO of ‘Mashreq Bank’. He was born on November 12, 1954, in United Arab Emirates. He completed his degree from California State Polytechnic University, and joined Mashreq Bank, which was founded by his father after the famous oil boom in the 1960s. Since then, he has expanded his business into a conglomerate, holding several businesses in retail, real estate, petrochemicals, food and publishing.
Besides being the head of Mashreq Bank, Al Ghurair also holds various other businesses. He also chairs the ‘Arab Business Angels Network’, a business organization that focuses on investment match funding of start-ups by Arab businessmen. He also serves as the chairman of ‘Al Ghurair Investment LLC’, ‘Masafi’ and ‘RAK Petroleum’. He is one of the Board members of Emirates Foundation, Dubai International Financial Centre and Dubai Economic Council. He also has a 50% ownership of Libya’s largest oil refinery.
Since Al Ghurair joined Mashreq Bank as a CEO in 1990, he has grown the business to a large extent. He was the first person in U.A.E. to bring a number of banking products to the market, such as Automated Teller Machine (ATM), traveller’s cheque, debit and credit cards, point of sale (POS) terminals, consumer loans, digital chip enabled credit cards, mortgages, as well as a popular service of Mashreq-Millionaire rewards based saving programme. From 2007 to 2011, he was the Speaker of the House of the Federation National Council in the United Arab Emirates.
Al Ghurair is also an active philanthropist and supports various organizations, such as the UNICEF, UNESCO, and the UAE Disabled Sports Federation.