Wikipedia

Mirwais Azizi

Mirwais Azizi (born 1962) is a Dubai-based Afghan businessman.[1][2][3] He is the chairman of Azizi Group of companies, which he founded in 1989 with a presence in realty, banking, investment, and hospitality.[4] He is also the chairman of Azizi Bank,[5][6] which he established in 2006 in Kabul, Afghanistan, with $7.5 million in equity capital and has since reached up to $80 million.[7]

Mirwais Azizi
Born
Mirwais Azizi

1962 (age 61–62)
Laghman Province, Afghanistan
Alma materKabul University
OccupationFounder-chairman of Azizi Groups of UAE-AFG & Azizi Bank
Years activeSince 2000 -
Known forFounder of Azizi Bank
Children7, including Farhad Azizi and Fawad Azizi
FamilyAzizi Family

He was featured in the list of "Arabian Business 100 Inspiring leaders in the Middle East" in March 2018.[8][9]

He is regarded by many Afghans as Afghanistan's richest man, who handled as much as 70% of the petroleum products sold in Afghanistan, reportedly by Asia Sentinel.[10]

Biography edit

Early life and education edit

He was born in a family of the Azizi Pashtuns of Laghman, Afghanistan, who are a sub-clan of the larger Kheshgi tribe.[11] He graduated in law from the University of Kabul.[12] He left Afghanistan in 1988.[13][14]

Career edit

In 2007, Mirwais Azizi established Azizi Developments.[3] A year before that he founded Azizi Bank, which became one of the largest commercial financial institutions in Afghanistan.[5] He also acquired Bakhtar Bank (now Islamic Bank of Afghanistan)[15] which is one of the fastest growing banks in Afghanistan.[9]

Azizi Developments started selling off-plan properties in Dubai until the global financial crisis struck. The majority of buyers could not continue payments and Azizi instructed that their deposits be handed back.[16]

In 2013, Azizi Developments resumed the construction of projects.[17] Presently, the company has more than 200 projects under various stages of development with a current portfolio Dubai valued over AED 45 billion.[18] The Azizi Hotak Group, which he started with an initial investment of $80 million, operates in 10 countries.[13]

He has served on the Board of Trustees for American University of Afghanistan, the first non-profit higher education institution in Afghanistan.[9][12]

Companies edit

List of companies/organizations owned by Mirwais Azizi;

  • Azizi Investments[19]
  • Azizi Developments[17]
  • Azizi Bank[3]
  • Bakhtar Bank (now as Islamic Bank of Afghanistan)
  • Azizi Hospitality
  • Azizi Foundation

Personal life edit

He is married to Parigul, with whom he has 7 children, including Farhad Azizi, Fawad Azizi, and Jawad Azizi.[12]

See also edit

Further reading edit

  • The Report: Dubai 2016. Oxford Business Group. 17 October 2016. p. 152. ISBN 9781910068687.
  • Hamid Wahed Alikuzai (11 October 2013). A Concise History of Afghanistan in 25 Volumes, Volume 1. Trafford Publishing. p. 891. ISBN 9781490714479.

References edit

  1. ^ "Afghan businessman announces plan to invest $10 billion over next 5 years". Ariana News. January 13, 2024. Retrieved 2024-04-12.
  2. ^ "Afghan Businessman to Invest $10 Billion in Country". TOLOnews. 12 January 2024. Retrieved 2024-04-12.
  3. ^ a b c Rousseau, Oscar (March 10, 2018). "Face to face: Mirwais Azizi, Azizi Developments". ConstructionWeekOnline. Retrieved 2024-04-12.
  4. ^ Halligan, Neil (October 26, 2017). "Build and they will come: Azizi CEO Farhad Azizi". Arabian Business.
  5. ^ a b Barnard, Lucy (March 30, 2015). "Azizi presses ahead with thousands of apartments in Dubai". The National (Abu Dhabi).
  6. ^ Schreck, Adam (September 7, 2010). "2nd Afghan bank with Dubai ties defends links". Deseret News.
  7. ^ Gregson, Jonathan (May 1, 2018). "World's Best Bank Awards 2018: Asia-Pacific". Global Finance.
  8. ^ "100 Inspiring Leaders in the Middle East". Arabian Business. 2018. Retrieved 6 August 2018.
  9. ^ a b c "100 Inspiring Leaders In The Middle EastMirwais : Azizi". Arabian Business. March 2018.
  10. ^ "The Afghani Way of Banking". Asia Sentinel. January 2, 2008.
  11. ^ Rashid, Haroon (2002). History of the Pathans: The Sarabani Pathans. Haroon Rashid.
  12. ^ a b c "Rebuilding Afghanistan". May 4, 2008 – via PressReader.
  13. ^ a b Fenton, Suzanne (June 4, 2008). "Azizi Investments plans 55 Dubai projects". Gulf News.
  14. ^ "Azizi, Mirwais Dr". Afghan Biographies. Retrieved August 6, 2018.
  15. ^ Mohammadi, Zarmina (April 25, 2018). "First Islamic Bank In Afghanistan Opens For Business". TOLOnews.
  16. ^ Halligan, Neil (April 17, 2016). "Time to deliver for Azizi Developments". Arabian Business.
  17. ^ a b "Azizi Developments celebrates first handovers in Riviera". Arab News. 2022-08-27. Retrieved 2023-02-06.
  18. ^ "UAE's Azizi records $350m home sales at Cityscape". Arabian Business. September 17, 2017.
  19. ^ Higgins, Andrew (February 22, 2010). "In Afghanistan, signs of crony capitalism". The Washington Post.

External links edit


 

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