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 |
Works: | , which produces label "Works"; or by |
Label Name: | , which produces label "Label(s)" --> |
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]
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]
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]
List of companies/organizations owned by Mirwais Azizi;
He is married to Parigul, with whom he has 7 children, including Farhad Azizi, Fawad Azizi, and Jawad Azizi.[11]