In 2013, DAMAC Properties made history by becoming the first Middle East-based Company to get listed on the London Stock Exchange. The empire built by the Arabian billionaire, Hussain Sajwani has an extensive portfolio specializing in energy, real estate, construction and architecture and engineering industries.
The company mostly operates from the Middle East, UAE, and Dubai where it has been instrumental in turning around the real estate realm.
Financial fact sheets of the DAMAC Properties
As per the recent financial revelations the behemoth of a company, DAMAC, has a market capitalization of $15.3B. As of 2016, the firm reported a net profit exceeding $3.6B bringing its equity valuation to $12.6B. Revenues soared clocking $7.1B with the debt standing at $3.82B. Here are some of the leading suppliers working in close partnership with the firm owned by Hussain Sajwani;
- The Trump Organization
- Drake & Scull International LLC
- LVMH Moet Hennessy Loius Vuitton SE
Expansion of DAMAC
Each of the above development partners plays a unique role in helping DAMAC deliver the topnotch services and products for its vast clientele in the ME and beyond. Learn more about DAMAC owner: http://www.gulfconstructiononline.com/news/story/4267
For instance, LVMH Moet Hennessy Loius Vuitton SE is involved in supplying high-end luxury goods like wines and spirits, perfumes, cosmetics, jewelry and high-end fashion apparels. The Trump Organization provides logistical support in the construction and engineering of the prime luxury properties.
What Sets DAMAC APART
DAMAC has surpassed the growth of most of the leading real estate firms in the region owing to some factors. For one, the company has earned a stellar reputation for their excellent and generous CSR program.
The CEO and his staff are always getting involved in charitable causes. In the last couple of years, they’ve been involved in distributing free clothes and other essential commodities to disadvantaged families in the region.
Another important positive attribute is that the company is its robust expansion plan. In 2014, DAMAC successfully acquired a realtor firm called AKOYA Oxygen. The latter has built a fantastic golf course which got designed by Tiger Woods and Gil Hanse.
About Hussain Sajwani
Hussein Sajwani‘s life reads like a fictional novel. He started out as a caterer for the US troops stationed in UAE but eventually made his way to becoming a perennial billionaire.
He’s currently estimated to be ranked a whopping $3.82B. The CEO, Chairman, and Founder lives with his family in UAE, Dubai and he enjoys close ties to the White House. Hussain was born in 1956, and he studied in the US.