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Mirwais Azizi

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Afghan banker
Mirwais Azizi Hotak
Born
Mirwais Azizi

1962 (age 62–63)
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

Mirwais Azizi Hotak (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ドル.5 million in equity capital and has since reached up to 80ドル million.[7]

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

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Early life and education

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Azizi was born in Laghman Province of Afghanistan. He graduated in Law from the University of Kabul.[13] He left Afghanistan in 1988.[14] [15]

Career

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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ドル 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

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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

Personal life

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He is married to Parigul, with whom he has 7 children, including Farhad Azizi, Fawad Azizi, and Jawad Azizi.[13]

See also

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Further reading

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References

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  1. ^ "Afghan businessman announces plan to invest 10ドル billion over next 5 years". Ariana News. January 13, 2024. Retrieved 2024年04月12日.
  2. ^ "Afghan Businessman to Invest 10ドル Billion in Country". TOLOnews. 12 January 2024. Retrieved 2024年04月12日.
  3. ^ a b c Rousseau, Oscar (March 10, 2018). "Face to face: Mirwais Azizi, Azizi Developments". ConstructionWeekOnline. Retrieved 2024年04月12日.
  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. Archived from the original on June 29, 2018.
  7. ^ Gregson, Jonathan (May 1, 2018). "World's Best Bank Awards 2018: Asia-Pacific". Global Finance.
  8. ^ "Sales commence for Burj Azizi, the world's second-tallest tower". Gulf Business. February 19, 2025. Retrieved 2025年02月21日.
  9. ^ "Mirwais Azizi building world's second-tallest tower in Dubai". Ariana News. September 6, 2024. Retrieved 2024年09月06日.
  10. ^ "100 Inspiring Leaders in the Middle East". Arabian Business. 2018. Retrieved 6 August 2018.
  11. ^ a b c "100 Inspiring Leaders In The Middle EastMirwais : Azizi". Arabian Business. March 2018.
  12. ^ "The Afghani Way of Banking". Asia Sentinel. January 2, 2008.
  13. ^ a b c "Rebuilding Afghanistan". May 4, 2008 – via PressReader.
  14. ^ a b Fenton, Suzanne (June 4, 2008). "Azizi Investments plans 55 Dubai projects". Gulf News.
  15. ^ "Azizi, Mirwais Dr". Afghan Biographies. Retrieved August 6, 2018.
  16. ^ Mohammadi, Zarmina (April 25, 2018). "First Islamic Bank In Afghanistan Opens For Business". TOLOnews.
  17. ^ Halligan, Neil (April 17, 2016). "Time to deliver for Azizi Developments". Arabian Business.
  18. ^ a b "Azizi Developments celebrates first handovers in Riviera". Arab News. 2022年08月27日. Retrieved 2023年02月06日.
  19. ^ "UAE's Azizi records 350ドルm home sales at Cityscape". Arabian Business. September 17, 2017.
  20. ^ Higgins, Andrew (February 22, 2010). "In Afghanistan, signs of crony capitalism". The Washington Post.
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