Saif Ahmad Al Ghurair
Emirati businessman
From Wikipedia, the free encyclopedia
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.
Saif Ahmad Al Ghurair | |
|---|---|
| Born | 1924[1] |
| Died | 27 August 2019 (aged 94–95)[1] Dubai |
Resting place | Qusais Cemetery, Dubai |
| Occupation | Businessman |
| Title | Chairman, Al Ghurair Group |
| Children | 6 |
| Relatives | Abdulla Al Ghurair (brother), Abdul Aziz Al Ghurair (nephew) Mohamed Saif Al Ghurair (son) |
Early life
Al Ghurair was born in 1924 on the shores of Dubai Creek, the eldest of five sons.[2]
Career
In 1960, he founded the Al Ghurair Group, a company which has interests in banking, steel and packaging.[3][4] The group invested in real estate, retail and manufacturing.[2]
In 2004, his group opened a second Burjuman Centre with an office tower, hotel, and luxury service apartments.[2] He was also a significant shareholder in Mashreq.[3]
In 2006, he formed the company Taghleef Industries through a merger of Dubai PolyFilm with Technopak of Egypt and AKPP in Oman, and it became one of the world’s largest manufacturers of polypropylene films, lamination, and food packaging.[3]
In 2015, his net worth was estimated at $3.4 billion.[5]
Personal life
Death
Al Ghurair died in Dubai in August 2019, aged 95. He was buried in Qusais Cemetery, Dubai on 27 August 2019.[6]
