Businessman

The Making of Hussain Sajwani and Damac Properties

Hussain Sajwani is a United Arab Emirates-based real estate developer and philanthropist. He is the founder of Damac Group of companies. Sajwani attended the University of Washington. There, he graduated with a degree in economics. In 1982, he got a job with GASCO, a subsidiary of Abu Dhabi National Oil Company as a contracts manager. It wasn’t long after that he established his enterprise and called it Damac LLC. Later, the company became Damac Group. In the early 90’s he developed DICO Invest, an investment firm that currently holds portfolios of securities in several companies. Sajwani also founded Al Jazeira services that currently, stands at a market capitalization of over $125 million. He consolidated the company strengths and invested in Bahrain-based Al Ahlia Insurance Company. He acquired a 40 percent stake in the firm.

 

Sajwani has also taken part in the foundation and development of Al Anwar Ceramic Tiles. The institution was established in 1998 and is the only tile manufacturer in the country. He holds shares in different companies. He also holds a board membership position at Majan University College.

 

Hussain Sajwani and President Donald Trump spent the New Year’s Eve together. The two businessmen had partnered in several deals even before the election of Trump as the president of USA. Together, they developed the Trumps International Golf Club. The luxury villas brought a net of $ 2 billion. According to a statement made to NBC News by Sajwani, it was evident that the relationship between the two entrepreneurs went beyond the business boundaries. Sajwani told the news station that his children were much involved with trumps’. He also said that his wife has a close relationship with Ivanka. Additionally, on several occasions, they have traveled to New York and had dinner and lunch together. Ivanka and her children have visited their Dubai home on several occasions.

 

Sajwani is also known for his philanthropic activities. A twitter handle said that it more of sharing and not about charity. In a recent event, he donated one million AED in a cause that sought to clothe a million needy children.

Learn more:

http://www.nbcnews.com/news/world/dubai-billionaire-hussein-sajwani-ready-do-more-deals-trumps-n695566

Businessman

DAMAC Group Led by Hussain Sajwani, Its Success and Partnership with other Brands.

The 63 years old United Arabs Emirate citizen, Hussain Sajwani is a successful entrepreneur who has accumulated $3.6 billion from real estate and self-made. Sajwani started his career in food service industry. He attracted US military and construction giant Bechtel. Sajwani still owns his food service firm.

Sajwani founded DAMAC Properties in 2002 by taking advantage of Dubai government allowing foreigners to own property in Emirates. He purchased land an undeveloped area where he later managed to sell his first 38 stories residential building in a period of fewer than six months. DAMAC group is a multi-billion corporation that operates in over 20 countries with its headquarters in Dubai. DAMAC Properties Co develops leisure, commercial and residential properties in Dubai. The company also invests in real estate projects. The success of DAMAC group is attributed from the expertise of Sajwani in property development, sales, finance and legal sectors.

DAMAC Properties employ over 2000 employees. The company is a publicly listed corporation that is traded in Dubai finance market. By partnering with the most recognized brands in lifestyle and fashion, has brought exciting living concepts in the market. DAMAC projects include Ta golf course designed by Tiger wood and managed by The Trump Organization. Unique Paramount hotels and luxury villas styled by Bugatti. It has also developed the Italian Fashion houses. Positioning the company among the largest Hotel apartment operators, DAMAC Maison provided bespoke services to residents in approximately 12000 hotel apartments.

DAMAC partnered with Donald Trump in 2013 to develop two Trump branded golf course. The luxury villas have made almost $2 billion in sales. Sajwani and Trump have been seen to maintain their business relationship, and friendship has also developed. The two real estate giants celebrated the New Year’s Eve together. Sajwani visited New York, and he said that the election of President Trump would strengthen the brand which will benefit it. Sajwani wishes to enhance the deeper relationship with the Trump organization to further his business.

DAMAC group headed by Sajwani contributed two million to AED campaign. The contribution was to support the government in their effort to clothe a million children around the world. The campaign was intended to improve the standard of living in the world.

Businessman

Meet the Man Behind the Success of Capital Group

Timothy (Tim) Armour was born in 1961 in the United States of America. Currently, he is the chairman and chief executive officer of Capital Group, a position he was appointed to in 2008. It’s due to his successful 32 years in the organization that saw him rise from a participant in associate programs to equity investment analyst where he focused on world telecommunication and the USA service delivery companies.

Tim Armour advises managers to assist investors to have investments that are above the average for short duration of time. Moreover, he argues them to embark more on research concerning the companies. It is important as it will reduce the risk of engaging and running the business. He further stresses the need for managers to place policies that will ensure that they are always at the same level whether in times of trade downfall or rise.

Click here to learn more about the Capital Group.

Janet Yang, CFA View of the Organization Success

Janet attributes the huge success to the company having qualified and experienced workers who have served the organization for a long duration of time. Furthermore, the great servants of the society have already been made aware of the organization intended goals. She further goes ahead to state that the company has adequate capital that makes its operations easier.

She acknowledges that the company has well-defined measures to stay at the top where they are expanding and reorganizing equity team like witnessed in 2012 giving them a boost. She further points out that the multimanager system, which accommodates many managers, makes the task executed simpler. Further, she notes that the fund manager incentive makes them responsible for any loss incurred by clients as it will be felt by them too. She thinks that out of a long list, Timothy Armour as the current chairman was an ideal appointee in the company’s management job based on his contribution to the enterprise.

Capital Group Partnership with the Samsung Asset Management

The aim of the association was to increase the growth of productive investment for the Korean investors. They sought to achieve this by co-developing retirement solution and asset allocation. It would be possible by teaching the Samsung Asset Management capital the style of the Directorate. He points out that this will make investment more efficient and hence satisfy the needs of Korean people.

Learn More: Capital Group Parent Names Armour Chairman, Replacing Rothenberg