 | |
Native name | عزیزی بانک |
|---|---|
| Company type | Private |
| Founded | June 2006 |
| Headquarters | Wazir Akbar Khan, , |
Key people | Mirwais Azizi |
Number of employees | 1,326 [1] |
| Website |
www |
Azizi Bank is one of the largest commercial banks in Afghanistan. It has 56 branches including extension counters and around 88 automated teller machines across Afghanistan. [1] The bank opened on June 13, 2006, and is headquartered in the Wazir Akbar Khan neighborhood of Kabul, Afghanistan. [2] Mirwais Azizi is the founder and chairman of the bank.
Azizi Bank currently has around 1,326 employees, 12% of whom are females. [1] [3] During the 2021 Taliban offensive, some members of the Taliban escorted female employees of Azizi Bank in Kandahar and ordered them not to return to work. [4]
Farhad Azizi
Farhad Azizi | |
|---|---|
| Born | 1982 (age 41–42) |
| Education | University of Tulsa, Suffolk University in Boston |
| Occupation(s) | businessman, investor and entrepreneur |
| Known for | Chairman and owner of Azizi Bank |
| Parent |
|
Farhad Azizi is a UAE based businessman, [5] [6] billionaire, investor, entrepreneur and the CEO of Azizi developments. [7] [8] He is the chairman of Azizi Bank, the largest commercial bank in Afghanistan, [9] [10] which he established in 2006 with $7.5 million in equity capital and has since reached up to $80 million. [11] [12] [13] He is the CEO of Azizi Group of companies which was founded in 1989 with a presence in realty, banking, investment, and hospitality. [14]
As of 2018 [update], he was arguably the richest person and family of Afghani origin. He featured in the list of " Arabian Business as one of the 100 Inspiring leaders in the Middle East" in March 2018. [15] [16] He is regarded as one of the richest people of Afghanistan with a monopoly in petroleum products. [17] [18] Azizi Developments is a Dubai-based property developer. [19] [20] [21] [22]
Early life
After moving from Afghanistan to Dubai as a young boy along with his father Mirwais Azizi, they founded the Azizi Group in 1989. [23] [5] [24]
A graduate of the University of Tulsa, Azizi obtained an MBA in finance management from Boston-Suffolk University. After completing his studies, Farhad spent time in Europe before moving back to the UAE. [25] [26] [27]
Career
In 2007, Azizi Developments was established. In 2006, Azizi Bank was found, now the largest commercial financial institution in Afghanistan. [9] They also acquired Bakhtar Bank (now Islamic Bank of Afghanistan) [28] which is regarded as one of the reputed banks in Afghanistan. [16]
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. [29]
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. [30] His petroleum business Azizi Hotak Group, which was started with an initial investment of $80 million, operates in 10 countries. [31]
Companies
List of companies/organizations owned by Azizi;
- Azizi Hotak General Trading Group
- Azizi Investments
- Azizi Developments
- Azizi Bank
- Bakhtar Bank (now as Islamic Bank of Afghanistan)
- Azizi Hospitality
- Azizi Foundation
See also
References
- ^ a b c "Our Profile". Azizi Bank. Retrieved 10 April 2022.
- ^ "Azizi Bank". Afghanistan Banks Association. Retrieved 10 April 2022.
- ^ "Annual Report 2017" (PDF). Azizi Bank. Retrieved 10 April 2022.
- ^ "Afghan female bank employees forced out of jobs as Taliban takes control". Al Arabiya Network. Reuters. 13 August 2021. Retrieved 10 April 2022.
- ^ a b "Farhad Azizi: 'Location has always been the key criteria for a property's desirability'". Arabian Business. 10 Aug 2021.
- ^ Rahal, Nabila (18 Mar 2022). "Azizi "under-promises and over-delivers" with 2.7km-long crystal lagoon to be completed ahead of schedule". Arabian Business.
- ^ Thomas, Aby Sam (June 10, 2019). "Follow The Leader: Azizi Developments CEO Farhad Azizi". Entrepreneur.
- ^ "Azizi Developments is finally ready to take on a 'billion-plus mixed-use iconic' project in Dubai: CEO". gulfnews.com. 17 June 2021.
- ^ a b Barnard, Lucy (March 30, 2015). "Azizi presses ahead with thousands of apartments in Dubai". The National (Abu Dhabi).
- ^ Schreck, Adam (September 7, 2010). "2nd Afghan bank with Dubai ties defends links". Deseret News.
- ^ Gregson, Jonathan (May 1, 2018). "World's Best Bank Awards 2018: Asia-Pacific". Global Finance.
- ^ "Dubai developer pushes new launch despite supply worries". gulfnews.com. 11 September 2019.
- ^ Writer, Staff (August 29, 2018). "Azizi launches third project in Dubai Healthcare City | UAE News".[ permanent dead link]
- ^ Halligan, Neil (October 26, 2017). "Build and they will come: Azizi CEO Farhad Azizi". Arabian Business.
- ^ "100 Inspiring Leaders in the Middle East". Arabian Business. 2018. Retrieved 6 August 2018.
- ^ a b "100 Inspiring Leaders In The Middle EastMirwais : Azizi". Arabian Business. March 2018.
- ^ Khan, Sarmad (November 22, 2022). "Cityscape 2022: Azizi plans $15bn spending and launch of Dubai's second-tallest tower". The National.
- ^ "Giordano Middle East embarks on ambitious expansion plan". Arab News. November 22, 2022.
- ^ "UAE developer Azizi launches new division to add Dubai retail portfolio". ArabianBusiness. Retrieved 2024-01-23.
- ^ Mansoor, Zainab (December 1, 2019). "Dubai's Azizi Developments orders Tesla's Cybertrucks for customer site visits | UAE News".[ permanent dead link]
- ^ "Developer Azizi reveals construction rate progress across Dubai projects". ArabianBusiness. Retrieved 2024-01-23.
- ^ "Time to deliver for Aziz Developments". ArabianBusiness. Retrieved 2024-01-23.
- ^ "Power Hour 2021: Farhad Azizi, CEO of Azizi Developments, Ranks 11th". Construction Business News Middle East. September 8, 2022.
- ^ Report, Staff. "Azizi Developments breaks ground at Dubai Healthcare City's Creek Views II". Khaleej Times.
- ^ "Azizi Developments' Park Avenue is now 40% complete". www.tradearabia.com.
- ^ Release, Press. "Azizi Developments' ramps up construction speed at Riviera in MBR City". www.zawya.com.
- ^ Khan, Sarmad (November 10, 2021). "Cityscape 2021: Azizi Developments to spend $2.72bn on new projects in Dubai by 2025". The National.
- ^ Mohammadi, Zarmina (April 25, 2018). "First Islamic Bank In Afghanistan Opens For Business". TOLOnews.
- ^ Halligan, Neil (April 17, 2016). "Time to deliver for Azizi Developments". Arabian Business.
- ^ "UAE's Azizi records $350m home sales at Cityscape". Arabian Business. September 17, 2017.
- ^ Fenton, Suzanne (June 4, 2008). "Azizi Investments plans 55 Dubai projects". Gulf News.
Further reading
- "Capitalism Comes to Afghanistan". Time. December 4, 2006.
- "Life's a lottery in the new Afghanistan". Sydney Morning Herald. September 18, 2006.
External links
 | This Asian bank-related article is a stub. You can help Wikipedia by expanding it. |
|
| |
Native name | عزیزی بانک |
|---|---|
| Company type | Private |
| Founded | June 2006 |
| Headquarters | Wazir Akbar Khan, , |
Key people | Mirwais Azizi |
Number of employees | 1,326 [1] |
| Website |
www |
Azizi Bank is one of the largest commercial banks in Afghanistan. It has 56 branches including extension counters and around 88 automated teller machines across Afghanistan. [1] The bank opened on June 13, 2006, and is headquartered in the Wazir Akbar Khan neighborhood of Kabul, Afghanistan. [2] Mirwais Azizi is the founder and chairman of the bank.
Azizi Bank currently has around 1,326 employees, 12% of whom are females. [1] [3] During the 2021 Taliban offensive, some members of the Taliban escorted female employees of Azizi Bank in Kandahar and ordered them not to return to work. [4]
Farhad Azizi
Farhad Azizi | |
|---|---|
| Born | 1982 (age 41–42) |
| Education | University of Tulsa, Suffolk University in Boston |
| Occupation(s) | businessman, investor and entrepreneur |
| Known for | Chairman and owner of Azizi Bank |
| Parent |
|
Farhad Azizi is a UAE based businessman, [5] [6] billionaire, investor, entrepreneur and the CEO of Azizi developments. [7] [8] He is the chairman of Azizi Bank, the largest commercial bank in Afghanistan, [9] [10] which he established in 2006 with $7.5 million in equity capital and has since reached up to $80 million. [11] [12] [13] He is the CEO of Azizi Group of companies which was founded in 1989 with a presence in realty, banking, investment, and hospitality. [14]
As of 2018 [update], he was arguably the richest person and family of Afghani origin. He featured in the list of " Arabian Business as one of the 100 Inspiring leaders in the Middle East" in March 2018. [15] [16] He is regarded as one of the richest people of Afghanistan with a monopoly in petroleum products. [17] [18] Azizi Developments is a Dubai-based property developer. [19] [20] [21] [22]
Early life
After moving from Afghanistan to Dubai as a young boy along with his father Mirwais Azizi, they founded the Azizi Group in 1989. [23] [5] [24]
A graduate of the University of Tulsa, Azizi obtained an MBA in finance management from Boston-Suffolk University. After completing his studies, Farhad spent time in Europe before moving back to the UAE. [25] [26] [27]
Career
In 2007, Azizi Developments was established. In 2006, Azizi Bank was found, now the largest commercial financial institution in Afghanistan. [9] They also acquired Bakhtar Bank (now Islamic Bank of Afghanistan) [28] which is regarded as one of the reputed banks in Afghanistan. [16]
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. [29]
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. [30] His petroleum business Azizi Hotak Group, which was started with an initial investment of $80 million, operates in 10 countries. [31]
Companies
List of companies/organizations owned by Azizi;
- Azizi Hotak General Trading Group
- Azizi Investments
- Azizi Developments
- Azizi Bank
- Bakhtar Bank (now as Islamic Bank of Afghanistan)
- Azizi Hospitality
- Azizi Foundation
See also
References
- ^ a b c "Our Profile". Azizi Bank. Retrieved 10 April 2022.
- ^ "Azizi Bank". Afghanistan Banks Association. Retrieved 10 April 2022.
- ^ "Annual Report 2017" (PDF). Azizi Bank. Retrieved 10 April 2022.
- ^ "Afghan female bank employees forced out of jobs as Taliban takes control". Al Arabiya Network. Reuters. 13 August 2021. Retrieved 10 April 2022.
- ^ a b "Farhad Azizi: 'Location has always been the key criteria for a property's desirability'". Arabian Business. 10 Aug 2021.
- ^ Rahal, Nabila (18 Mar 2022). "Azizi "under-promises and over-delivers" with 2.7km-long crystal lagoon to be completed ahead of schedule". Arabian Business.
- ^ Thomas, Aby Sam (June 10, 2019). "Follow The Leader: Azizi Developments CEO Farhad Azizi". Entrepreneur.
- ^ "Azizi Developments is finally ready to take on a 'billion-plus mixed-use iconic' project in Dubai: CEO". gulfnews.com. 17 June 2021.
- ^ a b Barnard, Lucy (March 30, 2015). "Azizi presses ahead with thousands of apartments in Dubai". The National (Abu Dhabi).
- ^ Schreck, Adam (September 7, 2010). "2nd Afghan bank with Dubai ties defends links". Deseret News.
- ^ Gregson, Jonathan (May 1, 2018). "World's Best Bank Awards 2018: Asia-Pacific". Global Finance.
- ^ "Dubai developer pushes new launch despite supply worries". gulfnews.com. 11 September 2019.
- ^ Writer, Staff (August 29, 2018). "Azizi launches third project in Dubai Healthcare City | UAE News".[ permanent dead link]
- ^ Halligan, Neil (October 26, 2017). "Build and they will come: Azizi CEO Farhad Azizi". Arabian Business.
- ^ "100 Inspiring Leaders in the Middle East". Arabian Business. 2018. Retrieved 6 August 2018.
- ^ a b "100 Inspiring Leaders In The Middle EastMirwais : Azizi". Arabian Business. March 2018.
- ^ Khan, Sarmad (November 22, 2022). "Cityscape 2022: Azizi plans $15bn spending and launch of Dubai's second-tallest tower". The National.
- ^ "Giordano Middle East embarks on ambitious expansion plan". Arab News. November 22, 2022.
- ^ "UAE developer Azizi launches new division to add Dubai retail portfolio". ArabianBusiness. Retrieved 2024-01-23.
- ^ Mansoor, Zainab (December 1, 2019). "Dubai's Azizi Developments orders Tesla's Cybertrucks for customer site visits | UAE News".[ permanent dead link]
- ^ "Developer Azizi reveals construction rate progress across Dubai projects". ArabianBusiness. Retrieved 2024-01-23.
- ^ "Time to deliver for Aziz Developments". ArabianBusiness. Retrieved 2024-01-23.
- ^ "Power Hour 2021: Farhad Azizi, CEO of Azizi Developments, Ranks 11th". Construction Business News Middle East. September 8, 2022.
- ^ Report, Staff. "Azizi Developments breaks ground at Dubai Healthcare City's Creek Views II". Khaleej Times.
- ^ "Azizi Developments' Park Avenue is now 40% complete". www.tradearabia.com.
- ^ Release, Press. "Azizi Developments' ramps up construction speed at Riviera in MBR City". www.zawya.com.
- ^ Khan, Sarmad (November 10, 2021). "Cityscape 2021: Azizi Developments to spend $2.72bn on new projects in Dubai by 2025". The National.
- ^ Mohammadi, Zarmina (April 25, 2018). "First Islamic Bank In Afghanistan Opens For Business". TOLOnews.
- ^ Halligan, Neil (April 17, 2016). "Time to deliver for Azizi Developments". Arabian Business.
- ^ "UAE's Azizi records $350m home sales at Cityscape". Arabian Business. September 17, 2017.
- ^ Fenton, Suzanne (June 4, 2008). "Azizi Investments plans 55 Dubai projects". Gulf News.
Further reading
- "Capitalism Comes to Afghanistan". Time. December 4, 2006.
- "Life's a lottery in the new Afghanistan". Sydney Morning Herald. September 18, 2006.
External links
|
| This Asian bank-related article is a stub. You can help Wikipedia by expanding it. |