Mirwais Azizi
Afghan banker From Wikipedia, the free encyclopedia
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 62–63) |
| Alma mater | Kabul University |
| Occupation | Founder-chairman of Azizi Groups of UAE-Afghan & Azizi Bank |
| Years active | Since 2000 - |
| Known for | Founder of Azizi Bank |
| Children | 7, including Farhad Azizi and Fawad Azizi |
| Family | Azizi Family |
Azizi is currently building Burj Azizi,[8] the second-tallest tower in Dubai.[9] He was featured in the list of "Arabian Business 100 Inspiring leaders in the Middle East" in March 2018.[10][11]
He is regarded by many Afghans as Afghanistan's richest man, who handled as much as 70% of the petroleum products sold in Afghanistan, reported by Asia Sentinel.[12]
Biography
Summarize
Perspective
Early life and education
Azizi was born in Kabul of Afghanistan. He graduated in Law from the University of Kabul.[13] He left Afghanistan in 1988.[14][15]
Career
In 2007, Mirwais Azizi established Azizi Developments.[3] A year prior, 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)[16] which is one of the fastest growing banks in Afghanistan.[11]
Azizi Developments started selling off-plan properties in Dubai until the 2007–2008 financial crisis. The majority of buyers could not continue payments and Azizi instructed that their deposits be handed back.[17]
In 2013, Azizi Developments resumed the construction of projects.[18] Presently, the company has more than 200 projects under various stages of development with a current portfolio in Dubai valued over AED 45 billion.[19] The Azizi Hotak Group, which he started with an initial investment of $80 million, operates in 10 countries.[14]
He has served on the board of trustees for American University of Afghanistan, the first non-profit higher education institution in Afghanistan.[11][13]
Companies
List of companies/organizations owned by Mirwais Azizi:
- Azizi Investments[20]
- Azizi Developments[18]
- Azizi Bank[3]
- Bakhtar Bank (now as Islamic Bank of Afghanistan)
- Azizi Hospitality
- Azizi Foundation
- Azizi Tower
Personal life
He is married to Parigul, with whom he has 7 children, including Farhad Azizi, Fawad Azizi, and Jawad Azizi.[13]
See also
Further reading
- 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
External links
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