Hussain Sajwani Involvement in the Success of DAMAC Group

Hussain Sajwani is the UAE executive chair, founder, and CEO of the DAMAC Group. He gained his Bachelor’s degree in Economics from the University of Washington. He worked as a contracts manager in GASCO, which is a subsidiary of ADNOC. Mr. Sajwani eventually established his own business named Draieh Management Services Co LLC, which later became DAMAC Group. DAMAC Properties is generally attached to remarkable marketing performances, golf course projects or glitzy developments made in association with Donald Trump. Sajwani founded an investment company in 1992 named DICO Invest. The company presently holds investment portfolios of securities in several companies, which are traded on a variety of global markets.

 

Hussain Sajwani founded Al Jazeira Service Co, a firm listed on the Muscat Securities Market with capital worth $125 million. Making strategic investments in the insurance sector, Sajwani has consolidated the company’s strengths in the financial services through the acquisition of a 40 percent stake based in the Bahrain on Al Ahlia Insurance Company in 2003. Sajwani is also involved in various business ventures that include the Oman-based Al Anwar Ceramic Tiles Co that was founded in 1998 and was the only tile-manufacturing firm in the nation. Sajwani invested in the business and helped to finance it to build the company to its present size.

 

Hussain Sajwani has shareholding interests in Global Logistics Services Co. Al Jazeira Services, Al Atilia Insurance Company, and Taiba Kuwait Holding Company KSCC. Hussain Sajwani has also served Majan University College’s board in Muscat, Oman in addition to Abu Dhabi’s Emirates Takaful Company, and JUNO Online in New York, United States. DAMAC Group established as a specialist catering company in 1992 with its headquarters operating in Dubai. DAMAC Group features its offices in other various areas around the globe including, North Africa, CIS States, the Middle East, Far East, Europe and the Subcontinent.

 

DAMAC Properties announced its plans in 2013, on how to raise $500 million from the sales on the London Stock Exchange of the global depository receipts. The firm operates as an employee service company in a variety of industries that includes catering, property development, insurance, education, and trading. The company as at of September 2014 was valued at over $4 billion. Approximately 85 percent of DAMAC Properties is owned by Sajwani thus, putting his net worth over $3.5 billion. Hussain Sajwani is a profound philanthropist who believes in offering both monetary support and guidance to just causes.

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