Abdul Latif Galadari Explained

Abdul Latif Galadari
Birth Name:Abdul Latif Ebrahim Galadari
Birth Date:1939
Birth Place:Dubai, United Arab Emirates
Death Place:Karachi, Pakistan
Education:UAE
Occupation:Head of "Galadari Brothers LLC"
Known For:Investments, industry, media outlets (most notably Khaleej Times)
Relatives:Suhail Galadari (son),
Mohammed Abdul Latif Galadari (son),
Ibrahim Abdul Latif Galadari (son)

Abdul Latif Galadari (1939 – 9 March 2002) was an Emirati businessman. He was the youngest son of Ibrahim Galadari. Abdul Latif, Along with his elder brother, Abdul Rahim, headed the Galadari Group, a business group.[1]

Personal life

Abdul Latif Galadari was born in 1939 in Iran, as the youngest son of Ebrahim Galadari and grandson of merchant Hassan Galadari. The business tradition stretched as far back as his grandfather, Hassan Galadari, who was a businessman in 1879. As a young man, Abdul Latif Galadari studied in UAE.[2]

Business

The Galadari Brothers Group was founded by Abdul Rahim E. Galadari, Abdul Latif E. Galadari, and Abdul Wahab E. Galadari in the early 1960s. This group established a number of companies. The three brothers were also involved in the gold business, which had made them multimillionaires by the 1970s.[3] Abdul Latif Galadari and his two brothers were well placed to take advantage of Dubai's 1970s Oil Boom. Together they started a major conglomerate, building the Intercontinental Hotel, opening Dubai Bank, establishing a Mazda Vehicle Dealership, starting Dubai's first English Language Daily Newspaper - the Khaleej Times - and opening a string of construction, engineering, and trading companies.[4]

He also started GICC, which is the flagship company of the Galadari Brothers Group. GICC is the master franchisee for the Baskin-Robbins brand in the GCC, and is the world's largest franchisee for Baskin-Robbins with close to 700 stores spread across the UAE, Saudi Arabia, Oman, Bahrain, Qatar and Kuwait. GICC has been the first company to introduce an international brand of ice cream in the area and has the largest store network in the Quick Service Restaurants (QSR) industry in the Persian Gulf region.[5] [6] The Galadari Group Head Office is in Dubai. In 2015, the Galadari Brothers ranked 27th on a Forbes list of companies in the Middle East.[7]

Death

Abdul Latif Galadari died due to a heart attack at his residence in the PECHS neighbourhood of Karachi, Pakistan, at the age of 62 on 9 March 2002.[8] [9] The body was flown to Dubai and was buried at the Al Qouz graveyard. The funeral was attended by his nephew Mohammed Abdul Rahim Galadari, his son Suhail Galadari and members of business community, relatives and friends.[10]

External links

Notes and References

  1. Web site: Rich List - The Galadari Family. ArabianBusiness.com. dead. https://web.archive.org/web/20170903211331/http://www.arabianbusiness.com/rich-list-2009/list?itemid=150343. 3 September 2017. 26 December 2019.
  2. Web site: Rich List . ArabianBusiness.com . 15 July 2015.
  3. Web site: Arabbay- Buy Sell Bid Classified And Auction. 2020-07-08. ArabBay. en-US.
  4. Web site: AW Galadari Dubai's First Bankrupt 1983 . Dubaiasitusedtobe.com . 15 July 2015.
  5. Web site: Co. Galadari Ice Cream. Galadari Ice Cream Company Receives "Developer of the Year" Award from Dunkin' Brands. 2020-07-08. www.prnewswire.com. en.
  6. Web site: J.D :: Galadari Rent A Car . Jd.ae . 15 July 2015.
  7. Web site: Galadari Brothers - Top Companies in the Arab World 2015 . Forbes Middle East . 15 July 2015 . https://web.archive.org/web/20150713012238/http://www.forbesmiddleeast.com/en/lists/people/pname/galadari-brothers/pid/84806/ . 13 July 2015 . dead .
  8. Web site: Galadari passes away | GulfNews.com . 15 July 2015 . dead . https://web.archive.org/web/20150712225128/http://gulfnews.com/news/uae/general/galadari-passes-away-1.380635 . 12 July 2015 .
  9. News: Latif Galadari passes away. Dawn. 10 March 2002. 4 April 2019. According to family sources, Mr Galadari suddenly collapsed at his PECHS residence at 7.30pm. He was rushed to Aga Khan Hospital where doctors declared him dead on arrival..
  10. Web site: Galadari passes away . GulfNews.com . 11 March 2002 . 15 July 2015 . dead . https://web.archive.org/web/20150712225128/http://gulfnews.com/news/uae/general/galadari-passes-away-1.380635 . 12 July 2015 .