Abdul Razzak Yaqoob
| Abdul Razzak Yaqoob | |
|---|---|
| Born | Pakistan |
| Residence | Dubai, U.A.E |
| Nationality |  Pakistan |
| Occupation | Chief Executive ARY Group |
| Net worth |  US 3 billion (2009) |
| Religion | Islam |
Abdul Razzak Yaqoob (Urdu: عبدل رزاق يعقوب ) (ARY) is a wealthy Pakistani businessman based in Dubai. He is the owner of ARY Group of Companies.[1]
His migrated from Surat in India to Karachi in 1944. He came to Dubai from Pakistan in 1969 to recover some money owed to his father from a friend. But Yaqoob realised that Dubai was a place of opportunities and decided to stay on. It was in Dubai that Yaqoob created his wealth after running his business on a simple "maiz-kursi" (Table-Chair) format.
In 1972 Yakoob established ARY and opened its first outlet in Fikri market Deira. He also started importing watches, perfumes and cigarettes. Two years later, when his brother, Mohammed Iqbal, joined him, the group branched out into dealing with food and Textiles. Besides catering to the local market, they also began exporting food-stuff to Iran. Yaqoob's current business includes a Gold and Silver trading segment.
Yaqoob is known to provide financial assistance to the Pakistani government in times of need.[2]
[edit] Faith
Yaqoob is Muslim by faith. He keeps a full beard and enjoys simple food. He has also performed the Islamic pilgrimage of Hajj. He is therefore often listed as having the prefix of "Haji" before his name.
Abdul Razzak Yaqoob is head of the World Memon Organization (WMO).[3] The WMO is a charity organisation that runs schools and hospitals for the poor, gives scholarships to deserving students and also provides financial support to underprivileged people around the world in addition to building mosques. He is currently involved in setting up a university in Dubai.
[edit] See also
[edit] References
- ^ "'Manufacturing 70% of our jewellery will reduce costs'". Gulf News. 7 August 2008. http://www.gulfnews.com/business/General/10235401.html. Retrieved 2009-04-04.
- ^ Burns, John F. (9 January 1998). "HOUSE OF GRAFT: Tracing the Bhutto Millions -- A special report.; Bhutto Clan Leaves Trail of Corruption". The New York Times. http://www.nytimes.com/1998/01/09/world/house-graft-tracing-bhutto-millions-special-report-bhutto-clan-leaves-trail.html?pagewanted=all. Retrieved 23 April 2010.
- ^ "Court awards defamed businessman -million". RTHK. 23 April 2008. http://www.rthk.org.hk/rthk/news/englishnews/20080423/news_20080423_56_484752.htm. Retrieved 2009-04-04.
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