Al Ghurair Group ( ar, مجموعة سيف الغرير), also known as Saif Al Ghurair Group, is a

Dubai Dubai (, ; ar, دبي, translit=Dubayy, , ) is the most populous city in the United Arab Emirates (UAE) and the capital of the Emirate of Dubai, the most populated of the 7 emirates of the United Arab Emirates.The Government and Politics of ...

United Arab Emirates The United Arab Emirates (UAE; ar, اَلْإِمَارَات الْعَرَبِيَة الْمُتَحِدَة ), or simply the Emirates ( ar, الِْإمَارَات ), is a country in Western Asia (The Middle East). It is located at th ...

-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 A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...

Overview

Divisions

The group has three main lines of business: manufacturing, real estate, and investments. The group's manufacturing businesses include petrochemicals, aluminum and steel, and packaging. Its petrochemical subsidiaries include Taghleef Industries and Adeka Al Ghurair Additives, a chemical additives' manufacturer. Aluminum extrusion companies Gulf Extrusions and Taweelah Aluminium Extrusion Company (TALEX), and The Royal Engineering Fabrication Company (REFCO), an aluminum fabricator for automobile parts, represent the group's aluminum 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 Muṣaffah ( ar, مُصَفَّح) or Musaffah is an industrial district to the southwest of Abu Dhabi, the United Arab Emirates. Also known as ''Muṣaffah Aṣ-Ṣanāʿiyah'' ( ar, مُصّفَّح ٱلصّنَاعِيَة), it is one of the mo ...

CAFU Marcos Evangelista de Morais (born 7 June 1970), known as Cafu (), is a Brazilian former professional footballer who played as a right-back. Known for his pace and energetic attacking runs along the right flank, he is regarded as one of the gr ...

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 Mashreqbank PSC (Arabic: ''Orient Bank'') is the oldest privately owned bank in the United Arab Emirates. It was founded as the Bank of Oman in 1967. Today Mashreq provides conventional and Islamic personal banking services including deposits, l ...

Key people

Majid Saif Al Ghurair serves as

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 The World Economic Forum (WEF) is an international non-governmental and lobbying organisation based in Cologny, canton of Geneva, Switzerland. It was founded on 24 January 1971 by German engineer and economist Klaus Schwab. The foundation, ...

. Majid Saif Al Ghurair graduated from Al Ain University with a bachelor's degree in

accounting Accounting, also known as accountancy, is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations. Accounting, which has been called the "languag ...

. 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 Established in 1965, the Dubai Chamber of Commerce & Industry ( ar, غرفة تجارة وصناعة دبي, Ghurfet tijar'a wa sina'aht Dubayy), or simply the Dubai Chamber ( ar, غرفة دبي, Ghurfet Dubayy), is a public non-profit organizat ...

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 Pearl hunting, also known as pearling, is the activity of recovering pearls from wild molluscs, usually oysters or mussels, in the sea or freshwater. Pearl hunting was prevalent in the Persian Gulf region and Japan for thousands of years. On t ...

. 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 The Ottoman Bank ( tr, Osmanlı Bankası), known from 1863 to 1925 as the Imperial Ottoman Bank (french: Banque Impériale Ottomane, ota, بانق عثمانی شاهانه) and correspondingly referred to by its French acronym BIO, was a bank ...

out of its 15 percent share of the bank. The bank had assets of over by 1978. It had become the largest private bank in the United Arab Emirates by the 1980s. The bank changed its name to Mashreq Bank in 1994. The group founded Gulf Extrusions, an

aluminum Aluminium (aluminum in American and Canadian English) is a chemical element with the symbol Al and atomic number 13. Aluminium has a density lower than those of other common metals, at approximately one third that of steel. It has ...

extrusion Extrusion is a process used to create objects of a fixed cross-sectional profile by pushing material through a die of the desired cross-section. Its two main advantages over other manufacturing processes are its ability to create very complex c ...

plant, in 1976. The plant opened in 1979. The Al Ghurair Group opened the Gulf's first shopping mall, Al Ghurair Centre, in 1981. Arabian Packaging, a producer of corrugated packaging, was founded by the group in 1982.

Modern history (1990-present)

In the 1990s brothers Saif Ahmad and Abdulla Al Ghurair decided to split the Al Ghurair Group and create two complementary companies. Saif Al Ghurair retained the chairmanship of the Al Ghurair Group (now also known as Saif Al Ghurair Group).

Al Ghurair Investment Al Ghurair (Arabic:الغرير), also known as Al Ghurair Investment LLC, was established in 1960. Al Ghurair is one of the largest diversified family business groups in the Middle East, with six key business units: Foods, Resources, Properties ...

(also known as Abdulla Al Ghurair Group), was spun off from the Al Ghurair Group. Al Ghurair Investment, chaired by Abdulla Al Ghurair, focused on the family's finance, food, and construction businesses. The restructuring of the Al Ghurair Group was completed by 1994. The Al Ghurair Group opened the BurJuman Centre, a luxury shopping mall, in 1991. The BurJuman was the second shopping mall to open in Dubai. It was expanded in a renovation in 2004. The metro station located near BurJuman was renamed to BurJuman station in 2012. The Al Ghurair Group founded Dubai Poly Film, a manufacturer of

biaxially oriented polypropylene Polypropylene (PP), also known as polypropene, is a thermoplastic polymer used in a wide variety of applications. It is produced via chain-growth polymerization from the monomer Propene, propylene. Polypropylene belongs to the group of polyolefi ...

, in 1998. The Al Ghurair Group established Arabian Can Industry a year later in 1999. Arabian Can Industry originally made three-piece food cans and later expanded to manufacture a variety of cans for foods and both edible and industrial oils; neck-in-cans and cans with plastic handles; and can components such as lids. The Reef Mall, a shopping mall, opened in February 2005. The mall targeted middle income customers and is located in the

Deira Deira ( ; Old Welsh/Cumbric: ''Deywr'' or ''Deifr''; ang, Derenrice or ) was an area of Post-Roman Britain, and a later Anglian kingdom. Etymology The name of the kingdom is of Brythonic origin, and is derived from the Proto-Celtic *''daru' ...

area of Dubai. The construction project was paid for by the Al Ghurair Group without outside funding. Al Ghurair Iron & Steel began the construction of the United Arab Emirates' first steel

cold rolling In metalworking, rolling is a metal forming process in which metal stock is passed through one or more pairs of rolls to reduce the thickness, to make the thickness uniform, and/or to impart a desired mechanical property. The concept is simil ...

and

galvanization Galvanization or galvanizing (American and British English spelling differences, also spelled galvanisation or galvanising) is the process of applying a protective zinc coating to steel or iron, to prevent rusting. The most common method is hot ...

complex in 2006. The

-based plant opened in July 2008. In 2006, Dubai Poly Film was merged with two other companies, AKPP and Technopack. The new company was renamed Taghleef Industries. It acquired Radici Films in 2008. Taghleef Industries also acquired United States-based Applied Extrusion Technologies in 2012. This acquisition gave the company its first North American manufacturing plant. In 2014, Taghleef Industries acquired Spanish manufacturer Derprosa Film. In May 2011, Gulf Extrusions entered into a joint venture with Abu Dhabi Basic Industries Corporation, a subsidiary of Senaat, to create Taweelah Aluminium Extrusion Company (TALEX). TALEX was the first industrial project to be launched in Kizad. Later that year,

Nippon Steel was formed in 2012 by the merger of the old Nippon Steel and Sumitomo Metal. was established in 1970 by the merger of Fuji Iron & Steel and Yawata Iron & Steel. Nippon Steel is the world's third largest steel producer by volume as of 2019. ...

acquired a 20 percent interest in Al Ghurair Iron & Steel. The investment was used to expand Al Ghurair Iron & Steel's operations in the Middle East. Al Ghurair Petrochemicals also entered into a joint venture with Japanese plastic additive manufacturer Adeka Corporation in 2011. The joint venture was named Adeka Al Ghurair Additives. The Royal Engineering Fabrication Company (REFCO), a wholly owned subsidiary of the Al Ghurair Group that manufactures aluminum parts for automobiles, opened a new fabrication plant in

Jebel Ali Jebel Ali ( ar, جبل علي) is a port town south-west of Dubai. The Jebel Ali Port is located there. Al Maktoum International Airport has been constructed just outside the port area. Jebel Ali is connected to Dubai via the UAE Exchange (form ...

in 2013. REFCO uses aluminum from the group's Gulf Extrusions subsidiary.

External links

Official Website

Al Ghurair Investments

References

{{reflist, 33em Conglomerate companies of the United Arab Emirates Companies based in Dubai Conglomerate companies established in 1960 1960 establishments in the Trucial States