Industry: Banking and finance
Company: Mashreq Bank
He is known as the CEO of the publicly-traded Mashreq Bank, which his father founded during the Gulf’s first oil boom in the 1960s. The UAE-based bank is one of the country’s most successful, having reported a five percent rise in its net profit to $462m in the first nine months of 2018 compared to the same period last year, with future plans on heavily investing in robotics, artificial intelligence as well as machine learning.
We’re passing through a period in which 50 percent of refugees around the globe come from the Arab World. Somebody needs to look after this issue
Al Ghurair has long been a passionate philanthropist, supporting causes as diverse as Unesco and the UAE Disabled Sports Federation. Now he has set his sights on educating young refugees, announcing in June, on the occasion of World Refugee Day, the launch of the Abdul Aziz Al Ghurair Refugee Education Fund.
The $27m initiative will run for three years to support youth displaced by wars and disasters who are currently living in Jordan, Lebanon and the UAE.