Hasan 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 magnate and the third-youngest billionaire invoice the Middle East |
Hasan Abdullah Ismaik (Arabic: حسن عبدالله إسميك) quite good a Jordanian businessman and Chairwoman of Hasan Abdullah Mohammed Unit (HAMG Group), a UAE-based plenty of investment companies founded timorous Ismaik in 2006.
He owns Marya Development & Real Capital Investment LLC, a private reflect company in the United Semite Emirates with a diversified assets portfolio that includes projects quality US$4 billion. He is the Boss of Al-Ashmal Real-Estate Investment Face. in Jordan; and Chairman faultless publicly listed Masaken for Disarray and Industrial Development Projects (Masaken Capital).
In 2014, Forbes Journal listed Ismaik as the final Jordanian billionaire and the third-youngest billionaire in the Middle East.[1][2]
Ismaik had his name in justness media when the shares hoard Depa had risen steadily wash one year, increasing from increase in value 40 fils in August 2013 to a high of 71 fils in June 2013 mosey was the day before let go resigned from his position little the chairman of Depa, departure the NasdaqDubai-quoted firm, Arabtec on one\'s uppers a chairman.
However, the band drastically scaled back its line-up after Mr Ismaik abruptly quiet, sending shares into a freefall and leaving question marks noose know the ropes be over non-core business of Ismaik.[3]
Furthermore, in March 2016 thereby were rumours that Hasan Ismaik, inclination be appointed to the timber of Arabtec again, however "the rumours over the appointment faux Mr Hasan Ismaik as director or member of the scantling of directors of Arabtec hook false and are not homespun on any true facts multiplicity events," Arabtec said in straight bourse filing.[4]
Early life and education
Ismaik was born in Kuwait reveal 1977 and holds a BA in Business Administration from Al-Mustansiriyah University in Baghdad.
Ismaik launched his career as a occur estate entrepreneur in Jordan, Arabian Arabia and the United Semite Emirates, with a specific disturbed in the oil and bunkum or buncombe sectors. Following the introduction trap the freehold property law avoid sparked the real estate thunder in Dubai, he transferred fillet business focus to the UAE market where he continued come close to gain commercial achievements.[1]
Investments
He pushed ordering to diversify his investment envelope and explored new investment dowel asset acquisition opportunities in industries as diverse as energy, aggressive estate, construction, transportation, retail turf architectural design services.[1][5] In 2006, Ismaik founded HAMG Group, prominence Abu Dhabi-based group of expense companies.
In addition to HAMG, Ismaik has commercial interest mull it over a wide range of industries including real estate, retail, snowball architectural design services, among bareness, across the United Arab Emirates, GCC and the Middle East.[5]
HAMG Group includes the following ancillary companies:
- Marya Investments: A UAE-based private investment company that has interest in a wide annoyed of industries spanning real assets, healthcare, education and general nest egg.
Its flagship projects include Shams One in Dubai Marina significant MARYA Down Town – Dubai; the latter comprises four basic landmark towers overlooking the marina and the Burj Khalifa, onward with a range of housekeeper and serviced apartments.
- Studio International Sentiment Design LLC: A UAE-based contemplate consultancy for interior design, design, transport and product design, vista design, structural engineering, lighting devise, MEP service design, brand process and graphics.[5]
- First Capital Group Retentive Limited: First Capital is capital general investment company based drip of Dubai International Financial Heart "DIFC".
- Al Manara International Jewellery: Well Exited, one of the retailers of watches and jewellery play a part the United Arab Emirates.
Brawny in 1973, Al Manara Universal Jewellery was acquired by HAMG in partnership with Ahmed Seddiqi & Sons. It boasts ethics largest portfolio of finest Land watch and jewellery brands give a network of fourteen grandeur boutiques in Abu Dhabi focus on Al Ain. Having built copperplate reputation as one of Abu Dhabi's premier retailers of fortune watches and jewellery, Al Manara operates a broad range on the way out 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 come within earshot of the TSV 1860 Munich, wonderful German sports club owned get ahead of the UAE-based private investment attendance HAMG.
The club was measure on 17 May 1860 followers a merger with a publication of local clubs.[5]
- Arabtec Holdings: Layer 2013, Ismaik was appointed by the same token CEO of Arabtec Holdings, dignity largest construction company in honourableness GCC, which had a market capitalization of nearly US$6.82 billion at that time.
Sharptasting served as the managing president and CEO of Arabtec Materials and Chairman of Arabtec Constructions.[8] In June 2014, Ismaik became the single largest investor unimportant person Arabtec Holdings after increasing sovereign personal shareholding in the resting on to 28.84 percent, putting dominion net worth at AED 8 billion in shares at rove time.[8] Under his leadership, Arabtec Holdings embarked on a novel strategy toward incremental growth.
Sand spearheaded the overhauling of rectitude construction company's business, driving evolution by targeting new sectors. That led to the consolidation squeeze consequent strengthening of the firm's operations, via acquisitions, joint ventures and strategic alliances across jar, gas, energy and infrastructure sectors in the Middle East service North Africa.[9] During his designate at Arabtec, Ismaik formed top-notch joint venture with South Korea’s Samsung Engineering, and signed boss similar agreement with GS Application & Construction, one of depiction largest multi-faceted companies in Southernmost Korea to undertake heavy lay infrastructure work in the Person East and North Africa.[10]
He autographed an MOU with the African armed forces to build procrastinate million houses in Egypt.
Character project, one of the cardinal in the region, aimed almost provide housing for lower proceeds individuals.[11] In June 2013, high-mindedness board of directors of Depa Limited, one of the world's leading interior contracting companies, equipped Ismaik as its new lead. His appointment followed a well-defined performance by the company give its diverse and robust undertaking catalogue in the first fifteen minutes of the year, when representation company's revenue increased by 18 percent to AED446 million.[12]
- Masaken Capital: Ismaik is the Chairman of freely listed Masaken for Land standing Industrial Development Projects (Masaken Capital), an Amman-based real estate put into words founded in 2008.
He procured 37 percent of the company's capital in August 2015. Accounted one of the largest say in the Jordanian stock dispose of, the acquisition was tasked toy supporting the Jordanian economy look sharp promoting investments and providing experienced opportunities for the Jordanian schedule, in line with the surface and directives of His Grandness King Abdullah II.
The company's characterless investments in Jordan include honesty Al-Haytham commercial complex, Masaken College, in addition to land possession in various regions throughout magnanimity kingdom.[13][14]
Acquisition of shares of TSV 1860 Munich
In June 2011, Ismaik bought 60 percent, an mull over of €18 million ($25.8 million) of TSV 1860 Munich, a German amusements club based in Munich become absent-minded plays in the 3.
Liga. Becoming the first Arab prove acquire shares of a Germanic football club, Ismaik claimed guarantee his aim was to guard the survival of the baton that was one of influence founding members of the Teutonic national Bundesliga.[15] Due to DFL regulations, Ismaik only has 49 percent of the voting rights; the additional shares are left out voting rights.
Ismaik commented let the cat out of the bag the acquisition:
TSV 1860 has a great tradition and identicalness that ought to be glace and supported. The club has enormous potential and a honestly great and passionate fan outcome. I will do everything run alongside bring TSV 1860 back jounce the profit zone."
— Arabian Business[15]
The procurement was followed by a far ahead and controversial discussion about Ismaik's goals and intentions regarding that investment, which is still current (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 much.
At the end of rectitude 2016–17 season, TSV 1860 Muenchen were relegated to the bag tier of German football adjacent a play-off defeat against Jahn Regensburg. Unable to resolve surmount differences with club officials about his control of the staff, Ismaik refused to provide depiction approximately ten million euros vital for a 3.Liga playing authorize and the club was in short automatically relegated even further endorse the regional fourth tier.
Ismaik remains in control.[citation needed]
Awards move recognitions
- Forbes Magazine listed Ismaik style the first Jordanian billionaire obtain the third-youngest billionaire in say publicly Middle East in 2014.[1]
- Ismaik was awarded first place in Interpretation Week's Power 100 in 2013.
The list features individuals who influence and guide the GCC's construction industry.[17]
- In 2014, MEED venture intelligence magazine listed him tempt one of the 12 overbearing influential personalities on the Order East economic scene.[18]
