What you need to know about Hussain Sajwani and the DAMAC Group

Hussain is the CEO, president and founder of the DAMAC group which is a catering company based in the United Arab Emirates. He started the company more than 25 years ago and has managed to expand its influence into the other countries in the Middle East, Africa and the CIS states. Hussain is the principal shareholder in the company with over 85 percent of the shares. This places his networth at around $3.5 million. The company was 100 percent his up until 2013 when he made a decision to sell 15 percent as global depository receipts in the London Stock Exchange.

His journey towards success as a businessman started when he enrolled for an economics degree at the University of Washington. He graduated with honors and immediately joined GASCO, which is a subsidiary of ADNOC. The name DAMAC stands for Draieh Management Services,Co and is the name that he gave his company when he started it. This is not the only company that he started in the 90’s. Other companies that he started include DICO investment an Al Jazeira investment company. Al Jazeira has been valued at more than a hundred million dollars and in a bid to expand its influence, the company acquired Al Ahlia Insurance Company, a Bahrain based insurer. Other sectors where he has invested include ceramics as he owns one of the largest ceramics companies in the UAE.

These investments and more have made him a deeply respected member of the society. Besides being a smart entrepreneur, he is also a board member in various institutions, including the Majan University College in Oman. Another interesting thing about Hussain is the fact that the current US President, Donald Trump is one of his close friends and business associates. The two have been doing business together for the longest time and are fond of their business dealings with each other.

Hussain is also a philanthropist and a family man. When he is not spending time in his businesses, he is always at home with his family. His charisma, business sense and influence on the younger generation are the qualities that make him outstanding.

Learn more:

https://www.bloomberg.com/profiles/people/15249401-hussain-ali-habib-sajwani

http://www.cnn.com/2017/01/02/politics/donald-trump-new-years-eve-speech/

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