Abdul Latif Galadari

Abdul Latif Galadari
Born Abdul Latif Ebrahim Galadari
1939 A.D
Died March 9th 2002
Karachi
Citizenship Emirati
Education Beirut, Lebanon
Occupation Head of "Galadari Brothers LLC"
Known for Investments, industry, media outlets (most notably Khaleej Times)
Relatives Suhail Galadari (son),
Mohammed Abdul Latif Galadari (son),
Ibrahim Abdul Latif Galadari (son)

Abdul Latif Galadari (born Abdul Latif Ebrahim Galadari, 1939) is the youngest son of Ebrahim Galadari. The late Abdul Latif, along with his elder brother, Abdul Rahim, who died in 1994, headed the Galadari Group, which was involved in a variety of industrial and business activities. He along with his brother created a new wave of companies.[1]

Personal life

Abdul Latif Galadari was born in 1939, as the youngest son of Ebrahim Galadari and grandson of merchant Hassan Galadari. The business tradition stretched as far back as his grandfather, Hassan Galadari, who was a businessman in 1879.As a young man, Abdul Latif Galadari studied in Beirut Lebanon.[2]

Business

The Galadari Brother’s Group was fuelled initially by the entrepreneurial vision of the late Abdul Rahim E. Galadari, the late Abdul Latif E. Galadari, and the late Abdul Wahab E. Galadari in the early 1960s.This group created a new wave of companies and furthered the entrepreneurial vision to the family business. The three brothers were also involved in the gold business, which had made them multimillionaires by the 1970s.[3] It was from this generation that another three brothers created the Ilyas & Mustafa Galadari Group, started by Ilyas & Mustafa Galadari, as well as Galadari Investment Office, formed by their younger brother Rashid A.W. Galadari. Abdul Latif Galadari and his two brothers were well placed to take advantage of Dubai's 1970s Oil Boom. Together they started a major conglomerate, building the Intercontinental Hotel, opening Dubai Bank, establishing a Mazda Vehicle Dealership, starting Dubai's first English Language Daily Newspaper - the Khaleej Times - and opening a string of construction, engineering, and trading companies.[4]

He also started GICC,which is the flagship company of the Galadari Brothers Group. GICC is the master franchisee for the Baskin-Robbins brand in the GCC, and is the world's largest franchisee for Baskin-Robbins with close to 700 stores spread across the UAE, Saudi Arabia, Oman,Bahrain, Qatar and Kuwait. GICC has been the first company to introduce an international brand of ice cream in the area and has the largest store network in the Quick Service Restaurants (QSR) industry in the Gulf Region.[5]

The Galadari's wealth is largely invested in real estate, including in the City of Arabia, a 20 million sq.ft.plot on Emirates Road. The land is earmarked for the Mall of Arabia, a project that will see the Galadaris build the largest and most expensive mall in the world. The brothers' other assets include manufacturing concerns, a major taxi firm, a driving school, restaurants, hotels, and Sunseeker Yachts Middle East. They have Galadari Hotel in Sri Lanka.[1] They have already introduced over 30 global brands into the region. And their business is multi-industry, multi-product, multi-service and multi-national, overseeing operations across the Gulf, Asia, and Australia. Until now, the Galadari Brothers have held a significant market share in the industries of Media, Automobiles, Food & Beverage, Industrial and Technical products, Trucks & Heavy Equipment, Engineering, Real Estate and Hospitality.[6] Founded by Abdul Rahim and Abdul Latif Ibrahim Galadari in Dubai, the Galadari GroupHead Office remains in its city of origin while conducting activities in countries such as Saudi Arabia, Qatar, Oman, Bahrain, Sri Lanka, and Australia and employing over 4000 people, from more than 30 nationalities working across the world. In 2015, the Galadari Brothers ranked 27th on Forbes.[7]

Abdul Latif Galadari (right) with brother Abdul Rahim Galadari

Death

Abdul Latif Galadari died due to a heart attack in Karachi at the age of 62 on March 9, 2002.[8] The body was flown to Dubai and was buried at the Al Qoz graveyard. The funeral was attended by his nephew Mohammed Abdul Rahim Galadari, his son Sohail and members of business community, relatives and friends.[9]

References

  1. 1 2 http://www.arabianbusiness.com/rich-list-2009/list?view=profile&itemid=150343#.VZY0A_kirIV
  2. ↑ "Rich List". ArabianBusiness.com. Retrieved 2015-07-15.
  3. ↑ http://www.dubaiasitusedtobe.com/pagesnew/BankruptinDubai1983.shtm
  4. ↑ "AW Galadari Dubai's First Bankrupt 1983". Dubaiasitusedtobe.com. Retrieved 2015-07-15.
  5. ↑ http://www.prnewswire.com/news-releases/galadari-ice-cream-company-receives-developer-of-the-year-award-from-dunkin-brands-269935611.html
  6. ↑ "J.D :: Galadari Rent A Car". Jd.ae. Retrieved 2015-07-15.
  7. ↑ "Galadari Brothers - Top Companies in the Arab World 2015". Forbes Middle East. Retrieved 2015-07-15.
  8. ↑ http://gulfnews.com/news/uae/general/galadari-passes-away-1.380635
  9. ↑ "Galadari passes away". GulfNews.com. 2002-03-11. Retrieved 2015-07-15.

External links

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