Emerging markets
ABDUL AZIZ ABDULLA AL
GHURAIR Chief executive Mashreq Bank
United Arab Emirates GARETH
ACKERMAN Chairman Pick n Pay South Africa
His father, Raymond, started Pick n Pay with four stores in 1966 and today third- generation retailer Gareth Ackerman helms a giant that generated revenues of ZAR 83.5 billion ($7.2 billion) in 2018. The structure of the company was changed to a single share listing in 2016 to avoid a hostile takeover and to keep control within the family. A drastic turnaround strategy was implemented in 2018, which saw widespread redundancies but has led to increased revenue and lower costs.
Second-generation Abdul Aziz Abdulla Al Ghurair sits as chief executive of the UAE’s Mashreq Bank, which generated revenues of AED6 billion ($1.63 billion) in 2018. Yet, it is his efforts outside the business that have garnered attention. He spearheaded efforts to help the region’s family businesses as founding chairman of the Family Business Council-Gulf in 2012. In 2015, he pledged one-third of his group’s assets to help 15,000 Arab students secure a secondary and university education by 2025.
MOHAMMED DEWJI
Chief executive and president MeTL Group Tanzania
DR RUCHI DANA Chief executive DANA Group
United Arab Emirates
Designated as one of a group of next- generation female rising stars in the Middle East, Dana has managed to earn her MBA from Stanford and found two businesses, Jugaad and Pik A Venture, while on the board of her $500-million- a-year family group. Her father is Indian magnate Dr Birbal Singh Dana, who moved to Dubai and set up steel group DANA. Ruchi’s contributions to the family business include helping it diversify into lubricants, retail, and hospitality.
Third-generation Mohammed “Mo” Dewji is credited with building his father’s modest family enterprise into a multi-industry giant, reporting annual revenues of $1.5 billion and making up 3.5% of Tanzania’s GDP. In 2016, he signed The Giving Pledge to donate at least half of his fortune to philanthropic causes. Last year, he had worldwide attention when he was kidnapped and subsequently released, however the incident has not stopped him from returning to leadership at MeTL Group or updating his 665,000 Twitter followers.
50
CAMPDENFB.COM
ISSUE 75 | 2019
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100
