Hussain Sajwani

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Mr. Hussain Sajwani is the executive chairman of UAE (United Arabs Emirates), founder, and CEO of the DAMAC group. The group was started in 1992 while operating as a specialist catering company. The group’s headquarter is in Dubai. Hussain Sajwani earned his bachelor degree in Economics from the University of Washington. Afterward, he served as a contracts manager in GASCO Company, which is a subsidiary of Abu Dhabi National Oil Company (ADNOC).

Also in 1992, Mr. Hussain established an investment company known as DICO invest. Currently, the company holds security investment portfolios in several enterprises that trade on the global market. He also established an Al Jazeera Company, which is listed on the Muscat Securities Market. The total capitalization of the company is more than $125 million. Mr. Hussain went ahead to consolidate the strength of the company in the financial services industry by venturing into the insurance sector. He was able to achieve the consolidation by acquiring 40 percent stake in the Bahrain-based, which is a Public-listed Insurance Company.

Hussain Sajwani is also associated with other ventures such as the Oman-based Ceramics Tile Company. The company was established in 1998, and it is the only ceramic manufacturing firm in UAE. By doing business, Mr. Hussain Sajwani has made a lot of fortune. For example, DAMAC Properties pulled a revenue of $2.4 billion in 2015, with the net margins exceeding 50 percent. Moreover, DAMAC Company has developed more than 15500 apartments since it was introduced in the business of real estate. The company also has 40000 units that it is planning to build and sell in UAE and also to London.

The relationship between Donald Trump and Hussain Sajwani went sour after Donald Trump announced to ban Muslims from entering the United States of America. Hussain Sajwani even went ahead to remove the name of Trump from the stone wall, which is decorated in front of the Akoya project.

Learn more:

http://www.independent.co.uk/news/people/donald-trump-new-years-eve-speech-president-elect-dubai-business-partner-hussain-sajwani-mar-a-lago-a7507551.html

https://www.bloomberg.com/profiles/people/15249401-hussain-ali-habib-sajwani