Hussain Sajwani is the current owner and CEO of the DAMAC Group, a Dubai based catering company. The company was established in 1992 and has reached their influence to include places such as Africa, Europe, CIS states and the Subcontinent. The company is currently valued at over 4 billion US dollars and is projected to grow and become even more successful. The man owns about 85 percent of the company, which means that his net worth is $3.5 million US dollars. He used to own 100 percent of the company, but in 2013, an executive decision was made to sell some of the global depository receipts at the London stock exchange.
Hussain Sajwani started his journey towards success in entrepreneurship by studying economics at the Univesirty of Washington. He worked for a short period of time managing contracts for the ADNOC subsidiary, GASCO. Then, he started his own company. DAMAC is an acronym for Draieh Management Services Co. Other companies that he founded in the 90’s are the DICO investment and Al Jazeira investment company. The latter company was valued at $125million in capital and acquired the Bahrain based Al Ahlia Insurance company. He has also invested in a ceramics company that is one of the largest in the United Arab Emirates.
Hussain Sajwani is a respected member of the society. He has served as a business leader and an inspiration to many. In addition to being a very smart entrepreneur at DAMAC, he has also been serving as a board member at the Majan University College which is located in Oman among other organizations. There was a time when Hussain Sajwani Sanjwani got into a misunderstanding with the Egyptian government over a land deal. However, owing to his charisma and ability to get sensible solutions to many issues, the issue was resolved and his jail sentence waived.
When Hussain Sajwani Sajwani is not working at his DAMAC group or other companies, he likes to spend time with his family. There are also times when he takes part in leisure activities such as golf. He is a motivational speaker and very active in philanthropy. His life is an example of hard work bearing success.