Hussain Sajwani, DAMAC Owner: From Catering to Real Estate

Hussain Sajwani the DAMAC owner is a businessman from UAE. He is the founder as well as the Chairman of the Board for global property development firm DAMAC Properties. Hussain holds a degree in economics from the University of Washington and began his business career working as a contracts manager in the oil industry with GASCO. In 1982 Hussain entered into the catering business and what began as a modest outfit is now a leader in its industry. His catering operation today manages 200 plus projects and puts out around 150,000 meals per day across the Middle East, Africa and The CIS.

 

DAMAC Properties was founded in 2002 as a developer of commercial, private residential and leisure properties. The company has seen a great expansion in its existence and now operates across Saudi Arabia, Lebanon, North Africa, Jordan and Qatar. The Market Capital of DAMAC Properties is valued at $4.7 billion as of 2017 and the company employs over 2,000 employees. DAMAC Properties also holds the distinction of being the first estate firm from the Middle East to be listed on the London Stock Exchange. The company maintains its headquarters in Dubai, UAE and bases its guiding principles on the concept of innovative design, quality and passion. This has helped DAMAC develop some of the most recognizable properties in the UAE, Saudi Arabia, Oman, Lebanon, Jordan and Qatar.

 

Outside of his huge businesses successes in the food and real estate industries, Hussain Sajwani the DAMAC owner has a sterling track record in the area of ventures in the equity and global capital markets. Hussain holds venture portfolios of securities in numerous regional and international markets. DICO Investment Co LLC. is Hussain’s primary venture company. DICO focusses its business on private equities, mergers and acquisitions and holds a number of minority and majority assets in companies that are publicly traded. DICO Investment is always on the search for value proposals in local and global spheres of investment.

 

Hussain Sajwani the DAMAC owner is also a member of numerous boards including Emirates Takaful, Majan University College and JUNO Online. He has a reputation as a dedicated family man and currently resides in Dubai with his wife and children.

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