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
Born1924[1]
DiedAugust 27, 2019(2019-08-27) (aged 94–95)[1]
Dubai
Resting placeQusais Cemetery, Dubai
NationalityEmirati
OccupationBusinessman
TitleChairman, Al Ghurair Group
Children6
RelativesAbdulla Al Ghurair (brother), Abdul Aziz Al Ghurair (nephew) Mohamed Saif Al Ghurair (son)

Early life

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Al Ghurair was born in 1924 on the shores of Dubai Creek, the eldest of five sons.[2]

Career

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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

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He was the eldest son of Ahmed Al Ghurair.[1] He was married with six children, and lived in Dubai.[3]

A stormy boat trip to India in the 1930s to sell dates left him blind in one eye.[3]

Death

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Al Ghurair died in Dubai in August 2019, aged 95. He was buried in Qusais Cemetery, Dubai on 27 August 2019.[6]

See also

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References

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  1. ^ a b c "Prominent Emirati businessman Saif Ahmed Al Ghurair dies". Gulf News. Retrieved 2020-02-27.
  2. ^ a b c Mark Anthony Karam. "Snapshots from the life of business mogul Saif Ahmed Al Ghurair". AMEinfo. Archived from the original on 2020-04-07. Retrieved 7 April 2020.
  3. ^ a b c d e "Forbes profile: Saif Al Ghurair". Forbes. Retrieved 27 February 2020.
  4. ^ "Tributes pour in after Saif Al Ghurair, pioneering Dubai businessman, dies". The National. 27 August 2019. Retrieved 7 April 2020.
  5. ^ "Forbes reveals the top 5 richest men in the UAE". Al Bawaba. Retrieved 2022-12-30.
  6. ^ "Noted Emirati businessman Saif Ahmad Al Ghurair laid to rest in Dubai". Gulf News. 27 August 2019. Retrieved 28 August 2019.
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