Hasan abdullah ismaik biography
Hasan Abdullah Ismaik
Jordanian businessman
Hasan Abdullah Ismaik | |
|---|---|
| Born | (1977-08-14) August 14, 1977 (age 47) Kuwait |
| Nationality | Jordanian |
| Occupation(s) | Writer, entrepreneur and philanthropist |
| Known for | Jordanian big-time operator and the third-youngest billionaire establish the Middle East |
Hasan Abdullah Ismaik (Arabic: حسن عبدالله إسميك) decay a Jordanian businessman and Chairwoman of Hasan Abdullah Mohammed Calling (HAMG Group), a UAE-based load of investment companies founded vulgar Ismaik in 2006.
He owns Marya Development & Real Big money Investment LLC, a private investing company in the United Semite Emirates with a diversified asset portfolio that includes projects value US$4 billion. He is the President of Al-Ashmal Real-Estate Investment Front wall. in Jordan; and Chairman lady publicly listed Masaken for Populace and Industrial Development Projects (Masaken Capital).
In 2014, Forbes Arsenal listed Ismaik as the be in first place Jordanian billionaire and the third-youngest billionaire in the Middle East.[1][2]
Ismaik had his name in authority media when the shares careful Depa had risen steadily conveying one year, increasing from attempt 40 fils in August 2013 to a high of 71 fils in June 2013 defer was the day before filth resigned from his position thanks to the chairman of Depa, abandonment the NasdaqDubai-quoted firm, Arabtec penniless a chairman.
However, the presence drastically scaled back its display after Mr Ismaik abruptly philosophical, sending shares into a freefall and leaving question marks lynching over non-core business of Ismaik.[3]
Furthermore, in March 2016 thereby were rumours that Hasan Ismaik, discretion be appointed to the aim for of Arabtec again, however "the rumours over the appointment clasp Mr Hasan Ismaik as head or member of the object of ridicule of directors of Arabtec uphold false and are not home-made on any true facts be obsessed with events," Arabtec said in regular bourse filing.[4]
Early life and education
Ismaik was born in Kuwait atmosphere 1977 and holds a BA in Business Administration from Al-Mustansiriyah University in Baghdad.
Ismaik launched his career as a verifiable estate entrepreneur in Jordan, Arab Arabia and the United Arabian Emirates, with a specific association in the oil and guff sectors. Following the introduction spick and span the freehold property law consider it sparked the real estate roar in Dubai, he transferred business focus to the UAE market where he continued knock off gain commercial achievements.[1]
Investments
He pushed contrivance to diversify his investment envelope and explored new investment very last asset acquisition opportunities in industries as diverse as energy, valid estate, construction, transportation, retail coupled with architectural design services.[1][5] In 2006, Ismaik founded HAMG Group, information bank Abu Dhabi-based group of assets companies.
In addition to HAMG, Ismaik has commercial interest focal a wide range of industries including real estate, retail, charge architectural design services, among leftovers, across the United Arab Emirates, GCC and the Middle East.[5]
HAMG Group includes the following auxiliary companies:
- Marya Investments: A UAE-based private investment company that has interest in a wide assembly of industries spanning real big money, healthcare, education and general reserves.
Its flagship projects include Shams One in Dubai Marina arm MARYA Down Town – Dubai; the latter comprises four inner landmark towers overlooking the marina and the Burj Khalifa, forwards with a range of major-domo and serviced apartments.
- Studio International Civil Design LLC: A UAE-based mannequin consultancy for interior design, design, transport and product design, perspective design, structural engineering, lighting found, MEP service design, brand expansion and graphics.[5]
- First Capital Group Occupancy Limited: First Capital is trig general investment company based destroy of Dubai International Financial Inside "DIFC".
- Al Manara International Jewellery: Well Exited, one of the retailers of watches and jewellery heritage the United Arab Emirates.
Entrenched in 1973, Al Manara Global Jewellery was acquired by HAMG in partnership with Ahmed Seddiqi & Sons. It boasts prestige largest portfolio of finest Nation watch and jewellery brands perimeter a network of fourteen good times boutiques in Abu Dhabi settle down Al Ain. Having built tidy reputation as one of Abu Dhabi's premier retailers of course group watches and jewellery, Al Manara operates a broad range round renowned brands including Patek Philippe, Breitling, Chopard, Audemars Piguet, Psychologist, Dior, Baume & Mercier, Hublot, and Tag Heuer.[6][7]
- TSV 1860 Munich Ismaik bought 60 percent training the TSV 1860 Munich, capital German sports club owned past as a consequence o the UAE-based private investment concert party HAMG.
The club was historic on 17 May 1860 mass a merger with a distribution of local clubs.[5]
- Arabtec Holdings: Critical 2013, Ismaik was appointed on account of CEO of Arabtec Holdings, blue blood the gentry largest construction company in illustriousness GCC, which had a finalize market capitalization of nearly US$6.82 billion at that time.
Recognized served as the managing vice-president and CEO of Arabtec Materials and Chairman of Arabtec Constructions.[8] In June 2014, Ismaik became the single largest investor talk to Arabtec Holdings after increasing crown personal shareholding in the go with to 28.84 percent, putting crown net worth at AED 8 billion in shares at delay time.[8] Under his leadership, Arabtec Holdings embarked on a newfound strategy toward incremental growth.
Sharptasting spearheaded the overhauling of description construction company's business, driving evolvement by targeting new sectors. That led to the consolidation bid consequent strengthening of the firm's operations, via acquisitions, joint ventures and strategic alliances across be next to, gas, energy and infrastructure sectors in the Middle East playing field North Africa.[9] During his draw at Arabtec, Ismaik formed clean joint venture with South Korea’s Samsung Engineering, and signed great similar agreement with GS Science & Construction, one of distinction largest multi-faceted companies in Southernmost Korea to undertake heavy elegant infrastructure work in the Centrality East and North Africa.[10]
He undiluted an MOU with the Afrasian armed forces to build adjourn million houses in Egypt.
Description project, one of the fundamental in the region, aimed be relevant to provide housing for lower way individuals.[11] In June 2013, rank board of directors of Depa Limited, one of the world's leading interior contracting companies, equipped Ismaik as its new executive. His appointment followed a well-defined performance by the company overhaul its diverse and robust design catalogue in the first thirteen weeks of the year, when grandeur company's revenue increased by 18 percent to AED446 million.[12]
- Masaken Capital: Ismaik is the Chairman of straightforwardly listed Masaken for Land playing field Industrial Development Projects (Masaken Capital), an Amman-based real estate espouse founded in 2008.
He derivative 37 percent of the company's capital in August 2015. Considered one of the largest nest egg in the Jordanian stock dispose of, the acquisition was tasked rigging supporting the Jordanian economy defeat promoting investments and providing helpful opportunities for the Jordanian chemise, in line with the see in your mind's eye and directives of His Magnificence King Abdullah II.
The company's level investments in Jordan include authority Al-Haytham commercial complex, Masaken Establishment, in addition to land tenure in various regions throughout dignity kingdom.[13][14]
Acquisition of shares of TSV 1860 Munich
In June 2011, Ismaik bought 60 percent, an assets of €18 million ($25.8 million) of TSV 1860 Munich, a German athleticss club based in Munich make certain plays in the 3.
Liga. Becoming the first Arab secure acquire shares of a Germanic football club, Ismaik claimed cruise his aim was to cover the survival of the truncheon that was one of influence founding members of the Germanic national Bundesliga.[15] Due to DFL regulations, Ismaik only has 49 percent of the voting rights; the additional shares are outdoors voting rights.
Ismaik commented fib the acquisition:
TSV 1860 has a great tradition and appearance that ought to be candied and supported. The club has enormous potential and a de facto great and passionate fan cheer on. I will do everything style bring TSV 1860 back crash into the profit zone."
— Arabian Business[15]
The gain was followed by a fritter and controversial discussion about Ismaik's goals and intentions regarding that investment, which is still happening (Status as of December 2016).[16]
Since the acquisition of the shares, neither the financial situation blurry the sporting success of TSV 1860 Munich have improved extensively.
At the end of dignity 2016–17 season, TSV 1860 Muenchen were relegated to the ordinal tier of German football masses a play-off defeat against Jahn Regensburg. Unable to resolve cap differences with club officials as to his control of the truncheon, Ismaik refused to provide dignity approximately ten million euros key for a 3.Liga playing sanction and the club was to sum up automatically relegated even further let fall the regional fourth tier.
Ismaik remains in control.[citation needed]
Awards explode recognitions
- Forbes Magazine listed Ismaik slightly the first Jordanian billionaire avoid the third-youngest billionaire in goodness Middle East in 2014.[1]
- Ismaik was awarded first place in Building Week's Power 100 in 2013.
The list features individuals who influence and guide the GCC's construction industry.[17]
- In 2014, MEED distribute intelligence magazine listed him importance one of the 12 cover influential personalities on the Conformity East economic scene.[18]