Mirwais Azizi Explained

Mirwais Azizi
Native Name Lang:Persian
Birth Name:Mirwais Azizi
Birth Place:Laghman Province, Afghanistan
Alma Mater:Kabul University
Occupation:Founder-chairman of Azizi Groups of UAE-AFG & Azizi Bank
Years Active:Since 2000 -
Known For:Founder of Azizi Bank
Credits:, which produces label "Notable credit(s)"; or by
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Office:may be used as an alternative when the label is better rendered as "Office" (e.g. public office or appointments) -->
Children:7, including Farhad Azizi and Fawad Azizi
Family:Azizi Family

Mirwais Azizi (born 1962) is a Dubai-based Afghan businessman.[1] [2] He is the chairman of Azizi Group of companies, which he founded in 1989 with a presence in realty, banking, investment, and hospitality.[3] He is also the chairman of Azizi Bank,[4] [5] which he established in 2006 in Kabul, Afghanistan, with $7.5 million in equity capital and has since reached up to $80 million.[6]

He was featured in the list of "Arabian Business 100 Inspiring leaders in the Middle East" in March 2018.[7] [8]

He is regarded by many Afghans as Afghanistan's richest man, who handled as much as 70% of the petroleum products soldin Afghanistan, reportedly by Asia Sentinel.[9]

Biography

Early life and education

He was born in a family of the Azizi Pashtuns of Laghman, Afghanistan, who are a sub-clan of the larger Kheshgi tribe.[10] He graduated in law from the University of Kabul.[11] He left Afghanistan in 1988.[12]

Career

In 2007, Mirwais Azizi established Azizi Developments. A year before that he founded Azizi Bank, which became one of the largest commercial financial institutions in Afghanistan.[4] He also acquired Bakhtar Bank (now Islamic Bank of Afghanistan)[13] which is one of the fastest growing banks in Afghanistan.[8]

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.[14]

In 2013, Azizi Developments resumed the construction of projects. Presently, the company has more than 200 projects under various stages of development with a current portfolio in Dubai valued over AED 45 billion.[15] The Azizi Hotak Group, which he started with an initial investment of $80 million, operates in 10 countries.[16]

He has served on the board of trustees for American University of Afghanistan, the first non-profit higher education institution in Afghanistan.[8] [11]

Companies

List of companies/organizations owned by Mirwais Azizi;

Personal life

He is married to Parigul, with whom he has 7 children, including Farhad Azizi, Fawad Azizi, and Jawad Azizi.[11]

See also

Further reading

External links

Notes and References

  1. News: Afghan businessman announces plan to invest $10 billion over next 5 years . Ariana News . January 13, 2024 . 2024-04-12.
  2. News: Afghan Businessman to Invest $10 Billion in Country . TOLOnews . 12 January 2024 . 2024-04-12.
  3. News: Build and they will come: Azizi CEO Farhad Azizi . Halligan . Neil . Arabian Business . October 26, 2017.
  4. News: Azizi presses ahead with thousands of apartments in Dubai . Barnard . Lucy . The National (Abu Dhabi) . March 30, 2015.
  5. News: 2nd Afghan bank with Dubai ties defends links . Schreck . Adam . Deseret News . September 7, 2010.
  6. News: World's Best Bank Awards 2018: Asia-Pacific . Gregson . Jonathan . Global Finance . May 1, 2018.
  7. News: 100 Inspiring Leaders in the Middle East . Arabian Business . 2018 . 6 August 2018.
  8. News: 100 Inspiring Leaders In The Middle EastMirwais : Azizi . Arabian Business . March 2018.
  9. News: The Afghani Way of Banking . Asia Sentinel . January 2, 2008.
  10. Book: Rashid, Haroon. History of the Pathans: The Sarabani Pathans. 2002. Haroon Rashid. en.
  11. News: Rebuilding Afghanistan . PressReader . May 4, 2008.
  12. Web site: Azizi, Mirwais Dr. . Afghan Biographies . August 6, 2018.
  13. News: First Islamic Bank In Afghanistan Opens For Business . Mohammadi . Zarmina . TOLOnews . April 25, 2018.
  14. News: Time to deliver for Azizi Developments . Halligan . Neil . Arabian Business . April 17, 2016.
  15. News: UAE's Azizi records $350m home sales at Cityscape . Arabian Business . September 17, 2017.
  16. News: Azizi Investments plans 55 Dubai projects . Fenton . Suzanne . Gulf News . June 4, 2008.
  17. News: In Afghanistan, signs of crony capitalism . Higgins . Andrew . The Washington Post . February 22, 2010.
  18. Web site: Azizi Developments celebrates first handovers in Riviera . Arab News . 2022-08-27 . 2023-02-06 . en.
  19. News: Face to face: Mirwais Azizi, Azizi Developments . Rousseau . Oscar . ConstructionWeekOnline . March 10, 2018 . 2024-04-12.