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Mirwais Azizi

Mirwais Azizi

Afghan banker
Mirwais Azizi
The basics

Quick Facts

Intro Afghan banker
Is Financial professional Banker
From Afghanistan
Type Finance
Gender male
Birth 1962, Laghman, Afghanistan
Age: 58 years
Education
Kabul University
The details

Biography

Mirwais Azizi (born 1962) is a Dubai based Afghan businessman. He is the founder and chairman of Azizi Group of companies which he founded in 1989 with a presence in realty, banking, investment and hospitality. He is the chairman of Azizi Bank, the largest commercial bank in Afghanistan, which he established in 2006 with $7.5 million in equity capital and has since reached to $80 million.

He featured in the list of "Arabian Business 100 Inspiring leaders in the Middle East" in March 2018.

He is regarded by many Afghans as Afghanistan's richest man, who handled as much as 70% of the petroleum products sold in Afghanistan, reportedly by Asia Sentinel. In 2010, WikiLeaks claimed, he is "possibly the richest man in Afghanistan".

Biography

Early life & education

He was born in a Pashtun family of Laghman, Afghanistan. He graduated in law from the University of Kabul. He left Afghanistan in 1988.

Career

In 2007, Mirwais Azizi established Azizi Developments. In 2006, he founded Azizi Bank, now the largest commercial financial institution in Afghanistan. He also acquired Bakhtar Bank (now Islamic Bank of Afghanistan) which is one of the fastest growing banks in Afghanistan.

Azizi Developments started selling off-plan properties in Dubai until the global financial crisis struck. The majority of buyers could not continue payments and Azizi instructed that their deposits be handed back.

In 2013, Azizi Developments resumed the construction of projects. Presently, the company has more than 200 projects under various stages of development with a current portfolio Dubai valued over AED 45 billion. His petroleum business Azizi Hotak Group, which was started with an initial investment of $80 million, operates in 10 countries.

He has served on the Board of Trustees for American University of Afghanistan, the first non-profit higher education institution in Afghanistan.

Companies

List of companies/organizations owned by Mirwais Azizi;

  • Azizi Hotak General Trading Group
  • Azizi Investments
  • Azizi Developments
  • Azizi Bank
  • Bakhtar Bank (now as Islamic Bank of Afghanistan)
  • Azizi Hospitality
  • Azizi Foundation

Personal life

He is married to Parigul, with whom he has 7 children.

The contents of this page are sourced from Wikipedia article on 30 Jun 2020. The contents are available under the CC BY-SA 4.0 license.
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Reference sources
References
https://www.washingtonpost.com/wp-dyn/content/article/2010/02/21/AR2010022104317_2.html?sid=ST2010090107315&noredirect=on
http://www.constructionweekonline.com/article-48540-face-to-face-mirwais-azizi-azizi-developments/
https://www.ft.com/content/4843bd14-bb74-11df-a136-00144feab49a
https://www.arabianbusiness.com/interviews/property/382180-build-they-will-come-azizi-ceo-farhad-azizi
https://www.thenational.ae/business/property/azizi-presses-ahead-with-thousands-of-apartments-in-dubai-1.60086
https://www.deseretnews.com/article/700063558/2nd-Afghan-bank-with-Dubai-ties-defends-links.html
https://www.gfmag.com/magazine/may-2018/worlds-best-bank-awards-2018-asia-pacific
https://www.arabianbusiness.com/lists/100-inspiring-leaders-in-the-middle-east
https://www.arabianbusiness.com/lists/392622-100-inspiring-leaders-in-the-middle-east-09mirwais-azizi
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