Al Ghurair Group
Al Ghurair Group (), also known as Saif Al Ghurair Group, is a Dubai, United Arab Emirates-based business group founded by the Al Ghurair family. A diverse conglomerate, it has operations in the Middle East, North Africa, Europe and North America. The grandsons of Al Ghurair Group founder Ahmad Al Ghurair run the group. Abdul Rahman Saif Al Ghurair serves as group chairman and Majid Saif Al Ghurair is the group's chief executive officer. Overview Divisions The group has three main lines of business: manufacturing, real estate, and investments. The group's manufacturing businesses include petrochemicals, aluminium and steel, and packaging. Its petrochemical subsidiaries include Taghleef Industries and Adeka Al Ghurair Additives, a chemical additives manufacturer. Aluminium extrusion companies Gulf Extrusions and Taweelah Aluminium Extrusion Company (TALEX), and The Royal Engineering Fabrication Company (REFCO), an aluminium fabricator for automobile parts, represent the group's aluminium businesses. Gulf Extrusions is one of the largest extrusion plants in the Gulf region. The Al Ghurair Group's packaging businesses include Arabian Packaging, a corrugated packaging manufacturer, Arabian Flexible Packaging, and Arabian Can Industry, a manufacturer of multipurpose cans. The manufacturing division also includes Al Ghurair Iron & Steel, a cold rolling and galvanizing complex located in Mussafah. CAFU a petrol delivery app which was launched in 2018 has seen growth in the market also. Al Ghurair Real Estate oversees the group's real estate portfolio. The group also operates shopping malls, including the BurJurman Centre and Reef Mall. The Group's financial investments include a major stake in Mashreq Bank. Al Ghurair Auto is the exclusive distributor of Chinese automaker Exceed Automobile Company (EXEED) in UAE. Key people Majid Saif Al Ghurair serves as chief executive officer of the Al Ghurair Group. He is the chairman of Drake & Scull International and the Middle East Council of Shopping Centers and a board member of Investcorp Bank BSC. He is also a member and Young Global Leader of the World Economic Forum. Majid Saif Al Ghurair graduated from Al Ain University with a bachelor's degree in accounting. Abdul Rahman Saif Al Ghurair is the chairman of the Al Ghurair Group. He is the former chairman of the Dubai Chamber of Commerce and Industry. Early history (1960-1989) The history of the Al Ghurair Group traces back to the 1930s when Ahmad Al Ghurair and his son Saif were pearl divers in Dubai. In 1960, as the business was successful and growing, Ahmad Al Ghurair founded the Al Ghurair Group to oversee the family's business interests. Ahmad Al Ghurair later turned the management of the family's business interests to his five sons: Saif, Abdulla, Majid, Marwan, and Jomaa. Saif became the chairman of the Al Ghurair Group, a position he held until the 1990s. The Al Ghurair Group built the United Arab Emirates' first cement factory, flour mill, and sugar refinery. The group founded the Bank of Oman (later Mashreq Bank) in Dubai 1967. In 1969, the group bought minority owner Ottoman Bank out of its 15 percent share of the