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Top 100 Expat Business Leaders 2024 | Finance World Magazine

As another remarkable year, 2024 comes to an end, we proudly unveil the Top 100 Expat Business Leaders, celebrating the individuals who have shaped industries and driven progress across the UAE. From technology and real estate to finance and healthcare, these visionaries embody global expertise, innovation, and leadership in a nation that champions opportunity and growth. Their stories are a powerful reminder of how courage, vision, and relentless challenging work can reshape the boundaries of what's possible.

As another remarkable year, 2024 comes to an end, we proudly unveil the Top 100 Expat Business Leaders, celebrating the individuals who have shaped industries and driven progress across the UAE. From technology and real estate to finance and healthcare, these visionaries embody global expertise, innovation, and leadership in a nation that champions opportunity and growth. Their stories are a powerful reminder of how courage, vision, and relentless challenging work can reshape the boundaries of what's possible.

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One way to keep momentum going is

to constantly have greater goals.

Editor’s Note

As 2024 draws to a close, Finance World Magazine

presents the Top 100 Expat Business Leaders, a

celebration of individuals who have played significant

roles in shaping industries and communities across the UAE

and beyond.

The United Arab Emirates has firmly established itself

as a global hub for business and innovation, offering an

environment that fosters success. With forward-thinking

policies, world-class infrastructure, tax-friendly incentives,

and strategic free zones, the UAE continues to attract global

talent and empower individuals to thrive. It is this unique

ecosystem, built on ambition, diversity, and opportunity, that

has enabled these leaders to make a lasting impact.

The individuals featured in this edition bring a wealth of

expertise, vision, and cultural intelligence. Their journeys

reflect a rich tapestry of experiences across industries such

as technology, real estate, finance, healthcare, energy, and

many others. Some arrived in the UAE with bold dreams

and built success from the ground up, while others brought

global insights that have helped transform existing industries.

Despite their varied paths, they all share a belief in the UAE

as a land of possibility and a commitment to contributing to

its ongoing success.

These stories are not just about professional achievements.

They are about perseverance, innovation, and the power of

blending global experience with local understanding to create

meaningful progress. Together, they demonstrate how the

UAE’s dynamic business landscape has become a catalyst

for growth and a model for excellence, driving forward both

national and global progress.

This edition is a tribute to their contributions, their

leadership, and their vision. At Finance World Magazine, we

remain dedicated to recognizing the individuals and ideas

that inspire change, drive growth, and set new standards

for success.

MCFILL MEDIA &

PUBLISHING MCFILL GROUPMEDIA &

PUBLISHING GROUP

- Ambrish Agarwal, Editor in Chief

- Ambrish Agarwal, Editor in Chief

Published by and © McFill Media & Publishing Group FZE LLC

Published by and © McFill Media & Publishing Group FZE LLC

Dec 2024 www.thefinanceworld.com 7


Contents Dec

2024

Page 54 | P.N.C Menon

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Abdulla A. Ajmal

Andrew Cook

Ahmed Abdelaal

Alex Zagrebleny

Ashraf El Afifi

Ahmed Elsheikh

Amnah Ajmal

Ankur Aggarwal

Atiq Rehman

Dr. Anand Menon

Atul Ahuja

Antonoaldo Neves

Dr. Aftab Hassan

Dr. Azand Moopen

Bal Krishen

Bharat Bhatia

Deepak Arora

Dilip Rajakarier

Dr. Dhananjay M. Datar

Erika B. Doyle

Eugene Mayne

Faizal E. Kottikollon

Feroz Allana

Farhad Azizi

Fadi Ghandour

Fazeela Gopalani

Geoffrey Alphonso

Imran Ali Khan

Huda Kattan

Dr. J.R Gangaramani

James Mathew

Jacky Punjabi

Joy Alukkas

Kami Viswanathan

Page 37 | Hatem Dowidar

Page 79 | Dr. Zulekha Daud

8 www.thefinanceworld.com Dec 2024


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Kabir Mulchandani

Khaled Soliman

Ludmila Yamalova

L.T Pagarani

Linda Fitz-Alan

Lewis Allsopp

Mazen Nahawi

Masih Imtiaz

Manoj Sureka

Manohar Lahori

Mohan G Valrani

Michel Ayat

Mudassir Sheikha

Naser Taher

Naresh K. Bhawani

Nawab Shaji Ul Mulk

Neelesh Bhatnagar

Neeraj Teckchandani

Neil Petch

Nicholas Watson

Ola Doudin

Phil Malem

Paras Shahdadpuri

Raheel Ahmed

Paul Griffiths

Patrick Chalhoub

Captain Pradeep Singh

Pavan Sharma

Rajen A. Kalichand

Ramesh Ramakrishnan

Ramy Jallad

Renuka Jagtiani

Rita Huang Zhen

Robby Thommy

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Ritesh Tilani

Ross Veitch

Ronaldo Mouchawar

Russell Mehta

Samer Abu Ltaif

Sahar Cooper

Sameh Muhtadi

Santosh Varghese

Scott Macfarlane

Shamlal Ahamed

Shayne Keith Nelson

Selim Kervanci

Sohan Roy

Sunil Vaswani

Surender S. Kandhari

Shamsheer Vayalil

Sunny Varkey

Sir Tim Clark

Thierry Sabbagh

Tom Harvey

Thomas Lundgren

Dr. Thumbay Moideen

Yogesh Bulchandani

Yasser Abdul Malak

Yusuff Ali M.A.

Zubin Karkaria

Ziad El Chaar

Page 24

Dr. Ali Asgar Fakhruddin

Page 68 | Shaista Asif

Dec 2024 www.thefinanceworld.com 9



WEALTH IS NOT MONEY.

WEALTH LIES IN MEN.

THIS IS WHERE TRUE

POWER LIES, THE POWER

THAT WE VALUE.

SHEIKH ZAYED BIN SULTAN

AL NAHYAN

FORMER PRESIDENT OF THE UAE AND RULER OF ABU DHABI



THE UAE AIMS TO BOLSTER

ITS RELATIONS WITH OTHER

COUNTRIES BASED ON THE

PRINCIPLES OF TRUST, MUTUAL

RESPECT, AND CONSTRUCTIVE

COOPERATION THAT SERVES

THE INTERESTS OF ALL.

SHEIKH MOHAMED BIN

ZAYED AL NAHYAN

PRESIDENT OF THE UAE AND RULER OF ABU DHABI



OUR PRIDE STEMS

FROM THE FACT THAT WE

ARE A COUNTRY WHERE

EVERYONE THRIVES

EQUALLY REGARDLESS

OF THEIR DIFFERENCES

SHEIKH MOHAMMED BIN RASHID

AL MAKTOUM

VICE-PRESIDENT AND PRIME MINISTER OF THE UAE, RULER OF DUBAI


Top 100 Expats

ABDULLA A.

AJMAL

Chief Executive Officer

Ajmal Perfumes

HIGHLIGHTS

Year of Establishment:

1951

Nationality:

Indian

Industry:

Beauty

Awards & Recognition:

Retail ME Icon Trailblazers

2022

Born in Mumbai and raised between India and the UAE,

Abdulla represents a new generation of business leaders

who respect their roots while embracing modern

innovations. His journey with Ajmal Perfumes is more than

just a career path; it’s a mission to carry forward a 73-year-old

family legacy of creating exceptional fragrances.

Under his leadership, Ajmal Perfumes has expanded from

a traditional oriental perfumery to a comprehensive lifestyle

brand available in over 60 countries and across 350 retail

outlets. The first store was opened in 1976 at Murshid Bazaar,

ever since his strategic approach has been to honour the company’s

heritage while simultaneously pushing its boundaries.

Abdulla’s international experience, including time spent in

the UK, has been instrumental in his approach. He introduced

a French-aligned fragrance line and developed a broader

product range that has helped Ajmal Perfumes appeal to a

global audience. His vision extends beyond selling perfumes;

he aims to create an immersive brand experience that resonates

with consumers worldwide.

Tracing back to its roots, the company began with the

world’s oldest form of fragrance – perfume oils. Inspired by

the rich oriental traditions, Ajmal has created a unique niche

in Middle Eastern perfumery. Abdulla has been instrumental

in expanding this legacy, transforming the brand from a local

enterprise to a multi-million-dollar global entity. Technology

and innovation are at the heart of Abdulla’s strategy. He is

particularly excited about how artificial intelligence and new

technologies revolutionise the fragrance industry. “We are

not just selling perfumes,” he says, “we are creating global

essences that tell stories and connect people.”

Abdulla’s commitment to the company’s values remains

deeply rooted in the foundation laid by his grandfather, Haji

Ajmal Ali. He often speaks about how the value system established

over 70 successful years continues to be his “north

star.” While embracing modern strategies, he continues to

honour the traditional craftsmanship that made Ajmal Perfumes

a respected name in perfumery. From perfume oils

to sophisticated fragrances, the brand continues to evolve

under his guidance.

His journey is a compelling narrative of how family

businesses can transform and thrive in a rapidly changing

global marketplace. With his innovative approach and deep

understanding, Abdulla is crafting a new chapter in the art

of fragrance. With his innovative approach and deep understanding

of both heritage and innovation, Abdulla is crafting

a new chapter in the art of fragrance.

16 www.thefinanceworld.com Dec 2024


Top 100 Expats

AHMED ABDELAAL

Group Chief Executive Officer

Mashreq Bank

Since 2019, the leadership of Mashreq Bank has been

marked by a visionary approach to digital transformation,

with a strong focus on innovation and customer-centric

solutions. Under his guidance, the bank has emerged as a

“challenger bank,” achieving record profits of $1B in 2022,

with significant contributions from its digital platforms such

as Neo, NeoBiz, and Neopay, which saw remarkable growth.

He has also led Mashreq’s expansion into sustainable finance,

facilitating over $15B in sustainability-linked investments in

the UAE, Egypt, and India, and securing a landmark $2.2B

loan for Bahrain’s Nogaholding.

A key proponent of digital-first banking, his strategy blends

technologies like AI, blockchain, and augmented reality to

enhance customer experience. Additionally, programs like

iValue empower employees to bring transformative ideas to

life, further strengthening Mashreq’s position in the market.

Abdelaal has also focused on expanding Mashreq’s global

footprint, particularly in emerging markets like Egypt and Pakistan,

while promoting financial inclusion through innovative

digital banking solutions. His efforts have established Mashreq

Bank as a leading figure in the rapidly evolving fintech space.

ANDREW COOK

Co-Founder and Chief Operating Officer

The Twedex Group

Andrew Cook is the Co-founder and Chief Operating Officer

of The Twedex Group, a market leader in education

that has evolved from an educational tours company

to a diverse provider of student development programs. Since

co-founding Twedex, Andrew has played a pivotal role in driving

its expansion and commercial success, establishing the

company as a key partner for schools across the Middle East.

Initially focused on educational tours, Twedex diversified

under Andrew’s leadership to offer a broad range of programs

aimed at building student confidence, character, and resilience.

This strategic shift has positioned Twedex as an industry

leader in leadership development and experiential learning,

with a growing presence across the region.

His vision and operational expertise have been crucial in

Twedex’s growth, forming strong partnerships with leading

educational institutions and expanding the company’s reach.

Today, Twedex’s innovative programs empower students with

valuable skills that extend beyond the classroom, making a

lasting impact on their personal and academic development.

Andrew continues to lead Twedex’s evolution, positioning the

company for sustained growth in the global education space.

Dec 2024 www.thefinanceworld.com 17


Top 100 Expats

ALEX ZAGREBELNY

Owner and Member of the Board

R.Evolution Group

As the founder and chairman of

R.Evolution Group, Alex Zagrebelny

has been at the forefront of redefining

digital transformation in the real

estate and architectural sectors. With a

career spanning over two decades, he

has successfully steered the company

into becoming a global leader in offering

innovative and sustainable solutions to

numerous Fortune 500 companies. Zagrebelny’s

extensive experience in digital

strategy and business development has

been key to R.Evolution Group’s success,

helping it expand its influence across

industries such as technology and retail.

Under his leadership, the company has

grown its client base and global presence,

with notable projects like the Eywa development

in Dubai, which emphasizes

health and sustainability.

ASHRAF EL AFIFI

President - India, Middle East and Africa (IMEA)

Henkel

With a career spanning over three

decades, Ashraf El Afifi has been

instrumental in shaping Henkel’s

success in the India, Middle East, and

Africa (IMEA) regions. He began his

journey with Henkel in Egypt in 1992 as a

brand manager, quickly rising through the

ranks due to his leadership acumen and

deep understanding of diverse markets.

El Afifi’s trajectory within Henkel has

been remarkable, culminating in 2011

when he became one of the company’s

top 30 executives, making history as the

first to be promoted from an emerging

market. Since becoming President of

Henkel IMEA in 2010, Ashraf El Afifi has

driven the company’s growth, expanding

its portfolio and focusing on customer

and consumer satisfaction. His strategic

vision has ensured Henkel’s leadership

across beauty care, and more with continued

success in emerging markets.

AHMED ELSHEIKH

Chief Executive Officer

PepsiCo Middle East

Ahmed El Sheikh leads PepsiCo’s

operations in the Middle East as

CEO, managing the company’s

snacks, nutrition (Quaker), and beverage

portfolios. He is instrumental in driving

PepsiCo’s Positive (pep+) strategy in the

region, which integrates sustainability

and human capital development into

the company’s core business approach.

Based in Riyadh, Ahmed brings an impressive

three-decade career in fast-moving

consumer goods (FMCG). His journey

with PepsiCo began in 2001, during which

he has held leadership positions across

multiple countries including Egypt,

Jordan, Saudi Arabia, and most recently

India, where he served as President and

drove significant business growth and

sustainability efforts. Academically, he

holds a bachelor’s degree in business

administration and has completed the

Columbia Senior Executive Program.

18 www.thefinanceworld.com Dec 2024


Top 100 Expats

AMNAH

AJMAL

Executive Vice President, Market Development

Mastercard, EEMEA

HIGHLIGHTS

Year of Establishment:

1966

Nationality:

Pakistani

Industry:

Banking

Awards & Recognition:

Top 100 Women in Fintech

across the Globe

In a world where financial landscapes shift like desert

sands, Amnah Ajmal emerges as a formidable architect of

change, transforming challenges into stepping stones of

remarkable achievement. Currently serving as the Executive

Vice President of Market Development at Mastercard for the

EEMEA region, her story is not just a career trajectory—it’s

a powerful testament to the art of reinvention.

Prior to joining Mastercard she was heading the consumer

bank franchise for Standard Chartered Malaysia responsible

for end-end P&L. She was also responsible for retail banking

strategy for Indonesia, Malaysia and Taiwan in a global role

based out of Singapore. With an impressive career spanning

global financial institutions, Ajmal has consistently demonstrated

an exceptional ability to navigate complex business

landscapes. From leading the North American product and

innovation organization to her pivotal roles at Standard

Chartered and Citigroup, she has crafted a career marked

by strategic excellence and groundbreaking achievements.

Her expertise spans multiple domains, including managing

profit and loss across 80 markets, driving digital innovation,

and leading strategic initiatives in consumer banking.

What distinguishes Ajmal is not just her professional accomplishments,

but her profound commitment to personal and

professional reinvention. As the first woman in her family to

pursue a career in financial services, she has shattered multiple

glass ceilings. Armed with a master’s degree from the London

School of Economics, she has transformed challenges into

opportunities, continuously adapting to the rapidly evolving

global financial ecosystem.

Her professional philosophy is rooted in humility and continuous

learning. Ajmal believes in the power of disrupting

oneself, surrounding oneself with intelligent individuals, and

embracing change as a catalyst for innovation. This approach

has enabled her to drive transformative strategies across

multiple business verticals, from merchants and telcos to

governments and digital platforms.

Beyond her professional achievements, Ajmal is a passionate

advocate for women’s empowerment and gender equity. Her

journey represents more than personal success; it’s a beacon

of inspiration for aspiring female professionals. She ardently

believes in creating opportunities for the next generation,

ensuring that her daughter and other young women can access

broader professional horizons. From her early days at Citibank

to her current role at Mastercard, Ajmal has consistently

demonstrated that true leadership is about adaptability, and

an unwavering commitment to driving meaningful change.

Dec 2024 www.thefinanceworld.com 19


Top 100 Expats

ANKUR

AGGARWAL

Chairman & Founder

BNW Developments

HIGHLIGHTS

Year of Establishment:

2021

Nationality:

Indian

Industry:

Real Estate

Awards & Recognition:

5th Global Business Icon Awards

Dubai 2024 in the category of

Real Estate, and many others

Born in Delhi, ’s life story is of relentless ambition,

strategic vision, and a deep commitment to making a

positive impact. Growing up in a middle-class family,

he was instilled with the values of hard work, integrity, and

perseverance. These principles became the foundation of

his inspiring journey from humble beginnings to becoming

a visionary leader in the UAE’s luxury real estate sector.

Despite his meteoric rise, Ankur remains deeply connected

to his roots, grounded in humility and guided by a spiritual

inclination that informs his personal and professional ethos.

Ankur’s academic journey began at Delhi University, where

he pursued a Bachelor of Commerce (Hons), graduating in

2008. During his time at university, he displayed an exceptional

aptitude for numbers and financial systems, which led him to

further pursue a career in Chartered Accountancy. By 2011,

he had qualified as a Chartered Accountant (CA), a significant

milestone that marked the beginning of a transformative

professional career spanning over 15 years. In May 2021,

Ankur took a bold step by founding Bricks n Woods, which

20 www.thefinanceworld.com Dec 2024


Top 100 Expats

later evolved into BNW Developments, a

company now synonymous with luxury,

innovation, and excellence. With a clear

vision, he set out to create a real estate

enterprise that would not only redefine

the industry but also deliver unparalleled

value and experiences to its clients.

BNW Developments

quickly emerged as

a game-changer in

the luxury real estate

market, managing

assets worth an

impressive AED 16

Billion within just a

few years.”

Central to the company’s success is

Ankur’s strategic partnership with Bollywood

celebrity Vivek Anand Oberoi,

who shares his vision for redefining

the real estate landscape. Together,

they combined financial expertise with

creativity and innovation, setting new

benchmarks for excellence in property

development.

BNW Developments operates on a

unique business model that provides

end-to-end real estate solutions, catering

to high-net-worth individuals (HNWIs),

family offices, and leading financial institutions.

The company handles every

aspect of the real estate lifecycle, from

land acquisition and design to project

delivery, ensuring a seamless experience

for clients. Backed by a dedicated team

of over 400 professionals and a network

of 200 Certified Public Accountants, BNW

Developments has become a trusted name

in the industry.

Ankur’s vision for innovation is reflected

in BNW ’s remarkable portfolio,

which includes standout projects such as

“Aqua Arc” in Al Marjan Islands. These

developments embody the principles

of sustainable luxury and architectural

brilliance, reshaping urban landscapes

and creating lifestyle experiences that

resonate with modern consumers. Under

his leadership, BNW has expanded its

operations beyond the UAE to India,

Russia, and other international markets,

solidifying its position as a global brand

in luxury real estate.

The company’s success is further bolstered

by its compliance with RERA-certified

practices, which ensure transparency

and trustworthiness in all its dealings.

Leveraging advanced technology and

innovative marketing strategies, BNW

navigates the complexities of the real

estate market while delivering exceptional

value to its clients.

Beyond his professional achievements,

Ankur is a strong advocate for social

responsibility. He believes that businesses

must contribute to the betterment

of society. Under his leadership, BNW

Developments actively promotes women’s

empowerment, fosters workplace

inclusivity, and supports community

development projects. These initiatives

reflect his commitment to ethical growth

and his vision of creating a positive

societal impact. With a solid grounding

in legacy business models, his goal is to

construct companies that remain strong

and relevant over time. He emphasizes a

strategic approach, balancing short-term

goals with a long-term vision and makes

sure that everyone knows exactly what to

expect and has a clear and well-defined

exit strategy before even entering into

a project.

Ankur’s dedication to his craft and

his community has earned him numerous

accolades. He has been honoured

with the Global Business Award, Icons

of the UAE, and the Leadership Award

by prominent media organizations. In

2023-2024, he was named Global Indian

of the Year and more.

In addition to his business ventures,

Ankur shares his expertise and inspires

others through the “Bricks to Brilliance”

convention. This influential platform

brings together industry professionals,

investors, and developers to exchange

ideas and elevate standards in the real

estate sector. His ability to mentor and

motivate has made him a respected figure

in the business community. Ankur’s leadership

philosophy is rooted in innovation,

integrity, and inclusivity. He believes that

true success lies in creating opportunities

for others and driving meaningful change.

As the Chairman and Founder of BNW

Developments, he has consistently pushed

boundaries, introducing groundbreaking

projects and setting new standards for

luxury real estate. His collaboration with

Vivek Anand Oberoi underscores the

power of synergy in building a brand that

challenges industry norms and delivers

unparalleled value. In recent years, Ankur

has been instrumental in reshaping the

UAE real estate market, particularly focusing

on Al Marjan in Ras Al Khaimah.

His strategic collaborations have opened

new avenues for brands, investors, and

developers worldwide, further cementing

his reputation as a visionary leader.

Ankur Aggarwal’s journey is a testament

to the power of vision, perseverance,

and a genuine desire to create positive

change. Whether through pioneering real

estate projects, charitable initiatives,

or thought leadership, he continues to

inspire aspiring entrepreneurs around

the world. With his unwavering focus

on innovation and impact, Ankur’s legacy

is one of transformation, setting an

example of how entrepreneurship can

be a force for good.

About BNW Developments

BNW Developments stands out as a premier

real estate developer that transforms

innovative concepts into luxurious living

spaces. The company extends beyond

traditional real estate, demonstrating

expertise in strategic investments, project

management, and capital strategies

that drive comprehensive growth for its

partners. Established in the UAE, BNW

Developments has distinguished itself

in the competitive real estate market

through its commitment to exceptional

design and quality. BNW ‘s portfolio

encompasses many high-end residential

and commercial properties, characterised

by innovative architectural designs and

superior craftsmanship. Their developments,

such as the upcoming Aqua Arc

project on Al Marjan Island along with

the collection of ultra-luxury properties

showcase the company’s vision of creating

sophisticated living experiences.

Strategically positioned opposite the

future Wynn Resorts, this beachfront

development is anticipated to attract over

5.5 million visitors annually, positioning

it as an attractive investment opportunity

for HNWIs. The company’s partnerships

with global luxury brands and industry

leaders reinforce its reputation for delivering

premium real estate solutions

tailored to modern needs in the UAE

and beyond.

Dec 2024 www.thefinanceworld.com 21


Top 100 Expats

ATIQ REHMAN

Co-Founder

RB&A Partners

Atiq Rehman, Co-founder of RB&A

Partners, brings over 37 years of

extensive international banking

experience, primarily from his tenure

at Citigroup. During his distinguished

career at Citibank, he held various senior

leadership roles, including CEO of

Emerging Markets for the EMEA region.

His responsibilities spanned managing

complex transactions, corporate restructurings,

and infrastructure financing

across multiple regions.

Under his leadership, RB&A Partners

aims to bridge strategic gaps for clients

in emerging and developed markets,

reinforcing their position as a trusted

advisor for transformative transactions.

Rehman’s leadership style combines a

keen understanding of market dynamics

with a commitment to fostering long-term

partnerships.

DR. ANAND MENON

CEO and Success Sculptor

Empowered Performance FZ LLE

Dr. Anand Menon is the CEO of

Empowered Performance FZ

LLE, a firm that specialises in

leadership development, coaching, and

performance enhancement. He combines

business strategies with psychological

principles to deliver transformative results

for clients across various sectors. With

an Executive Doctorate in Education

Psychology, Dr. Menon has held senior

roles in management and coaching,

impacting organisations like Emirates

Airlines and DAMAC Properties. He

is known for his innovative programs,

including the ATARI Sales Impact and

Peak Performance Selling. Under his

leadership, Empowered Performance

has grown rapidly, becoming a prominent

provider of tailored coaching, workshops,

and consulting services, with a significant

presence in the Middle East .

ATUL AHUJA

Chief Technology Officer

Noventiq

With nearly 30 years of experience

in technology and business

management, Atul Ahuja has

made significant contributions to global

digital transformation. As the Chief

Technology Officer (CTO) of Noventiq,

Ahuja is responsible for driving innovation

in AI, automation, and R&D, helping

businesses adapt to an ever-evolving

digital landscape. Before this role, he

held leadership positions at Microsoft,

Citrix, and Tata Infotech. Ahuja’s expertise

played a pivotal role in expanding

Noventiq’s presence across the Middle

East, Africa, and Asia, and the company

saw a revenue of $1.6 billion in FY2023.

Under his leadership, Noventiq plans

to continue its growth and expand its

global footprint, with a focus on proprietary

technology development and

partnerships with industry leaders like

Microsoft and AWS.

22 www.thefinanceworld.com Dec 2024


Top 100 Expats

ANTONOALDO

NEVES

Group Chief Executive Officer

Etihad Aviation Group

HIGHLIGHTS

Year of Establishment:

2003

Industry:

Aviation

Nationality:

Brazilian

Antonoaldo Neves is a seasoned aviation industry leader

with an impressive track record of transforming airlines.

Currently serving as the Group Chief Executive Officer

of Etihad Aviation Group, he brings extensive experience from

previous leadership roles in the airline sector. Before joining

Etihad, Neves led TAP, Portugal’s national airline, where he

successfully turned the company around, improving customer

service and boosting passenger numbers while supporting

Portugal’s tourism growth.

Earlier in his career, he served as President of Azul Airlines

in Brazil, guiding the company to a successful initial public

offering on the New York Stock Exchange. His professional

journey also includes working as a partner at McKinsey &

Company, where he developed strategic plans for Brazil’s

aviation sector. Originally trained as a civil engineer, Neves

has strong academic credentials, holding an MBA from the

University of Virginia’s Darden School of Business and a

Master’s in Corporate Finance from PUC-Rio’s IAG Business

School. His diverse background and strategic leadership have

positioned him as a notable figure in the global aviation industry.

At Etihad Airways, Neves is driving remarkable growth,

with the airline experiencing an impressive 40% expansion in

Q1. The company has ambitious plans to achieve 30% growth

in both 2024 and 2025, leveraging strong industry credit to

facilitate fleet expansion through strategic aeroplane rentals.

The airline’s route network is strategically expanding across

Southeast Asia, the Gulf Cooperation Council (GCC) region,

Europe, and the United States.

Looking towards the future, Neves is potentially preparing

Etihad for an Initial Public Offering (IPO), focusing on key

strategic objectives such as margin expansion, demonstrating

consistent growth, and increasing financial transparency. The

company is also making significant strides in sustainability,

with a notable $13 billion investment in Brazilian biofuels,

reflecting Neves’s commitment to sustainable aviation practices.

A unique aspect of Neves’s leadership is his holistic

approach to customer experience.

He emphasizes the importance of quality across all passenger

classes, with a particular focus on enhancing comfort and

luxury even in economy class. This approach underscores

his belief that every segment of the airline’s service is crucial

to overall success. By prioritizing innovation and customer

satisfaction, he continues to be a transformative force in the

aviation industry, combining strategic leadership with a forward-thinking

approach. His vision is to make transportation

a memorable experience for all passengers.

Dec 2024 www.thefinanceworld.com 23


Top 100 Expats

DR. ALI ASGAR

FAKHRUDDIN

Chairman

Sterling Perfumes Industries LLC

HIGHLIGHTS

Year of Establishment:

1998

Nationality:

Indian

Industry:

Beauty and Fragrance

Awards & Recognition:

FTIEA 11th International Excellence

& Global Leadership

Awards 2024

Dr. Ali Asgar Fakhruddin has masterfully transformed

Sterling Perfumes Industries into a global beauty

enterprise, redefining innovation and artistry in the

industry. As a Board Member of Fakhruddin Holdings, he

guided the company’s evolution from a modest trading setup

into an innovative manufacturer in over 130 countries.

Founded in 1998, Sterling Perfumes quickly advanced from

contract manufacturing to a sophisticated brand specializing

in beauty and personal care products.

Born into a family with a rich entrepreneurial legacy, Dr.

Fakhruddin inherited more than just a business—he inherited

a vision. Fakhruddin Holdings, established in 1963 by

his father, the late Fakhruddin Ebrahimji, initially focused

on trading, cosmetics, and property development. Building

on this foundation, Dr. Fakhruddin has expanded Sterling

Perfumes into a global powerhouse with a diverse portfolio

of five distinguished brands—ARMAF, Hamidi, ARMAF

Beauté, Risala, and Cosmo Cosmetics. These brands resonate

with consumers worldwide, offering an extensive range of

high-quality products that reflect global beauty trends.

Dr. Fakhruddin’s approach to business is deeply rooted

in innovation and artistic expression. For him, beauty is a

product and a journey of storytelling and evoking emotions.

This philosophy is reflected in Sterling’s commitment to research

and development, where a dedicated team of artisans

and scientists continuously push the boundaries of fragrance

creation. Strategic global partnerships have also been pivotal

to this success. By collaborating with renowned master perfumers

like Arturetto Landi and Christian Provenzano and

working with prestigious fragrance houses such as Mane,

CPL Aromas, and Givaudan, Sterling Perfumes consistently

delivers extraordinary, multicultural fragrance experiences.

Under his visionary leadership, Sterling Perfumes has also

become a beacon of corporate social responsibility. Driven

by his belief in the power of collective action, Dr. Fakhruddin

has spearheaded initiatives that demonstrate a compassionate

approach to business. Sterling has partnered with

organizations like Magical Smiles UAE and Dubai Police to

support labour camps and distribute sanitisers, showcasing a

commitment to community welfare. An alumnus of European

International University-Paris, Dr. Fakhruddin continues to set

new benchmarks in the global beauty industry by combining

innovation, quality, and social responsibility. His leadership

has transformed Sterling Perfumes from a regional trading

company into a global brand that celebrates the art of beauty

and connects people through the art of fragrance.

24 www.thefinanceworld.com Dec 2024


Top 100 Expats

DR. AFTAB HASSAN

Founder and Chairman

Global Association of InsureTek Professionals (GAIP)

With nearly three decades of professional experience,

Dr. Aftab Hasan stands as a testament to visionary

leadership, entrepreneurial spirit, and transformative

innovation. A first-generation entrepreneur, Dr. Hasan

has been instrumental in driving multi-million-dollar growth

across diverse sectors including Energy, Offshore, Marine,

Oil & Gas, IT, and Insurance & Reinsurance. His journey is

not just about business expansion, but about fundamentally

reimagining how industries can evolve and adapt.

Dr. Hasan was among the select few who helped draft the

blueprint of modern Dubai in the 1990s, serving on steering

committees that would transform the emirate into a global

business hub. His periodic contributions to Dubai Trade Magazine

during this era offered insightful perspectives on global

economic trends that were ahead of their time.

His professional portfolio is remarkably diverse. As an

elected representative on the Insurance Business Group of the

Dubai Chamber of Commerce & Industry and a member of the

United Nations Office for Disaster Risk Reduction’s Private

Sector Alliance, Dr. Hasan bridges business innovation with

global social responsibility.

DR. AZAD MOOPEN

Chairman and Managing Director

Aster DM Healthcare

Starting with a single clinic in Al Rafa, Dubai, in 1987,

Dr. Azad Moopen transformed the healthcare landscape

across the GCC and India, creating one of the largest

healthcare networks in the region. Today, Aster DM Healthcare

includes 27 hospitals, 126 clinics, and over 302 pharmacies,

employing more than 34,000 professionals across seven

countries. Moopen’s vision focused on providing accessible,

high-quality medical care, which fueled the rapid expansion

of Aster DM Healthcare.

Moopen’s philosophy of “Healthcare with a Heart” extends

beyond business success. He founded Aster Volunteers, a

global initiative offering free healthcare services and disaster

relief to underserved communities. The program has impacted

millions by providing free surgeries, health checkups, and

support for those in need, regardless of their economic status.

Aster DM Healthcare has also led in healthcare innovation,

with Moopen championing advancements in telemedicine, particularly

during the COVID-19 pandemic, to ensure continued

care for patients remotely. His efforts to combine medical

technology with compassionate care have set new standards

in healthcare management.

Dec 2024 www.thefinanceworld.com 25


Top 100 Expats

BAL

KRISHEN

Chairman

Century Group

HIGHLIGHTS

Awards & Recognition:

Most Influential CEO in

Investment Services

Industry:

Financial Services &

Diversified

Most Promising Business

Leaders of Asia

With over two decades of senior management expertise

in the investment and financial services sector, Bal

Krishen is a visionary leader and the inspirational

force behind the Century Group. His journey began with

Century Financial and reflects a legacy of progress driven

by innovation, community empowerment, and principled

leadership. His astute business acumen and people-centric

leadership were instrumental in catapulting the phenomenal

growth of the SCA licenced Century Financial as a prominent

investment services provider in the UAE. He subsequently

also introduced Century Private Wealth, a DFSA-regulated

asset and wealth Management firm.

His visionary leadership led to further diversification and

expansion across many varied businesses evolving into the

creation of the Century Group—a diversified global enterprise

with a robust presence in real estate, technology, banking

solutions, insurance, manufacturing, logistics, and beyond.

Krishen’s strategic foresight continue to shape industries,

foster growth, and deliver impactful solutions across global

markets.

Bal Krishen’s leadership style emphasizes empowering

people, fostering a high-performance culture, and maintaining

agility in dynamic markets. His unwavering commitment to

integrity and transparency has strengthened trust among clients

and stakeholders, further cementing the Group’s reputation

as a trusted partner. Beyond business, Bal Krishen is deeply

committed to uplifting communities and driving meaningful

change. As a part of his Social and community endeavours,

he champions initiatives that enhance financial literacy for

the underprivileged, creates opportunities for underserved

communities, and promote environmentally conscious practices.

His philanthropic, community, and sustainability commitments

reflect his dedication to leaving a positive impact

on society. Recognized for his transformative leadership,

Bal Krishen has received numerous industry accolades,

highlighting his exceptional contributions to the industry. His

vision, resilience, and passion for excellence have shaped the

Century Group into a pioneering organization that empowers

individuals, fosters innovation, and drives progress, ensuring

its enduring legacy as a global leader.

About Century Group

Century Group is an executive recruiting and professional

staffing firm specializing in accounting and finance talent for

Fortune 500 enterprises, and more. With a comprehensive

portfolio including Century Financial, Century Private Wealth,

Century Bank Brokers, Century Info Tech, and CenturyIQ

Solutions, they provide diverse professional services.

26 www.thefinanceworld.com Dec 2024


Top 100 Expats

BHARAT BHATIA

Founder and CEO

Conares

The Founder and CEO of Conares, Bharat Bhatia, has

made significant contributions to the UAE’s industrial

sector, particularly in steel manufacturing. Beginning

his journey in 1988 with Conares as a steel trading company,

his leadership transformed it into one of the region’s largest

steel producers, with a production capacity of 1.5 million

tonnes annually. Conares manufactures key products such as

rebar, steel pipes, and colour-coated coils, supporting major

infrastructure projects like the Dubai Metro, Etihad Rail, and

Expo 2020.Under Bharat Bhatia’s guidance, the company expanded

its manufacturing capacity, including the development

of a state-of-the-art steel plant to enhance self-sufficiency.

Conares has also made strides in sustainability, aiming to

become a “green steel producer” by reducing its carbon

footprint through advanced technologies. Diversifying into

real estate and the food and beverage sectors, the company’s

strategic $200 million investment in raw materials production

further strengthens its market position and reduces reliance

on external suppliers. His commitment to social responsibility

is reflected in the Conares Foundation, which supports

initiatives in education, healthcare, and welfare.

DEEPAK ARORA

Managing Director

DRA Group Of Companies

When Deepak Arora arrived in Dubai as a young architecture

graduate in 1976, few could have imagined the

transformative impact he would have on the region’s

construction industry. His journey from a newcomer to a pioneering

entrepreneur is a testament to vision, resilience, and

strategic innovation. In 1980, Arora took his first bold step,

registering his initial contracting company in Ras Al Khaimah.

This marked the beginning of what would become the DRA

Group, a powerhouse of construction and design that would

go on to reshape Dubai’s architectural landscape.

Today, the group’s portfolio is remarkably diverse—from

elegant villas and sophisticated office complexes to sophisticated

manufacturing facilities, expansive warehouses, and

critical power stations. Recent landmark projects include

Emirates Airline’s massive call centre, the Emirates Aviation

College for Aerospace and Academic Studies, and the overflow

centre for dnata’s cargo business at Dubai Airport Free Zone.

DRA Group specializes in steel and concrete structures,

having established itself as a frontrunner in infrastructure

development across the Middle East. Deepak Arora’s journey

reflects the very essence of Dubai’s transformative spirit.

Dec 2024 www.thefinanceworld.com 27


Top 100 Expats

DILIP

RAJAKARIER

Group Chief Executive Officer & CEO

Minor International & Minor Hotels

HIGHLIGHTS

Year of Establishment:

1978

Nationality:

Sri Lankan

Industry:

Hospitality

Awards & Recognition:

Outstanding CEO - Investment

Analysts Association 2024

From a modest portfolio of 12 hotels in Southeast Asia to

a global hospitality powerhouse spanning 536 hotels and

resorts in 56 countries, Dillip Rajakarier has emerged

as a transformative leader in the international hospitality

industry. His journey with Minor International began in 2007

as Chief Finance & Investment Officer, quickly ascending

through the ranks with promotions to COO in 2008 and CEO

of Minor Hotels in 2011, before being appointed Group CEO

in January 2020. He has driven the company’s rapid global

expansion, which today includes more than 550 properties

in 60 countries.

A strategic visionary with a background in finance and

information technology, Rajakarier has been instrumental in

reimagining what a modern hospitality company can be. Under

his leadership, the company’s core Anantara brand has grown

from just a handful of properties to a leading operator with

43 luxury properties in operation. His dealmaking prowess

is particularly evident in landmark acquisitions that have

reshaped the company’s global presence.

The 2018 acquisition of NH Hotel Group stands out as a

pivotal moment, this strategic move transformed Minor International

(MINT) into a truly global hospitality company,

expanding its footprint across the Middle East, Asia Pacific,

Europe, South America, Africa, and the Indian Ocean.

Rajakarier’s leadership was particularly tested during the

COVID-19 pandemic, a period that would have challenged

even the most experienced executives. Instead of merely

surviving, he guided Minor International to its best-ever

financial results in 2022, a testament to his strategic resilience

and forward-thinking management. The group plans

to open 200+ hotels in the next three years, which will add

about 40,000 rooms. They have a strong pipeline, with about

80 hotels already in progress.

A true global citizen, Rajakarier spent over two decades

in London before relocating to Bangkok, bringing with him a

unique international perspective. His role extends far beyond

traditional leadership, overseeing the company’s overarching

strategy across all business units, including corporate shared

services of legal, IT, and finance, as well as talent development

and business culture. With a mandate to expand MINT’s

core businesses—hospitality, restaurants, and lifestyle—into

globally recognized leaders, Rajakarier continues to push

the boundaries of what a modern hospitality company can

achieve. His journey exemplifies how visionary leadership,

technological understanding, and strategic thinking can

transform a regional player into a global powerhouse

28 www.thefinanceworld.com Dec 2024


Top 100 Expats

DR. DHANANJAY

M. DATAR

Chairman & Managing Director

Adil Trading

HIGHLIGHTS

Year of Establishment:

1984

Nationality:

Indian

Industry:

Retail

Awards & Recognition:

Bharat Ratna Dr. Babasaheb

Ambedkar Award 2024

Dr. Dhananjay Datar’s extraordinary journey is a testament

to entrepreneurial resilience and vision. Landing

in Dubai in 1984 with just $8 in his pocket and a

dream to expand his father’s small grocery store, Datar has

transformed Adil Trading into a sprawling spice and food

empire that spans the Gulf Cooperation Council and beyond.

Known as the ‘King of Spice’, Datar has built a remarkable

business ecosystem that imports and exports a diverse range

of products including spices, flours, pulses, rice, pickles, nuts,

and dried fruits. His Mumbai-based company, Masala King

Exports, has become a cornerstone of his business strategy,

supplying a network of 26 supermarkets across the UAE and

India, and serving prestigious clients like Dubai Duty-Free

and five-star Dubai hotels.

Datar’s success is rooted in a simple yet powerful philosophy:

determination, honesty, customer service, and courtesy.

Starting with the trust of the Indian expatriate community,

he quickly understood the importance of providing the

right products at the right time. This keen understanding of

customer needs transformed a small family business into a

billionaire enterprise.

The company’s growth has been strategic and family-driven.

His wife Vandana serves as the financial director, bringing

financial discipline and management expertise. Their sons,

Hrishikesh and Rohit, have introduced cutting-edge technologies

like artificial intelligence, e-commerce, and online

marketing to the business.

Beyond business, Datar has established special trade routes

across multiple countries, including the USA, Canada, Kenya,

Switzerland, Italy, and several Gulf nations. His entrepreneurial

spirit extends to supporting young Indian entrepreneurs,

helping them export their products to Gulf markets. He has

been recognized for his philanthropic work, generously donating

to orphanages, schools for underprivileged children,

and social welfare projects. His efforts were acknowledged

with a special award for social entrepreneurship by Master

Deenanath Mangeshkar Smruti Prathishthan in Mumbai.

Looking forward, Datar aims to expand the company’s organic

produce, reflecting a commitment to providing healthier

food options and encouraging a better lifestyle for people in

the GCC. From a 19-year-old with $8 to a respected business

magnate, Dr. Dhananjay Datar’s story is a powerful narrative

of immigrant entrepreneurship, strategic growth, and unwavering

commitment to quality and service. His journey from a

humble beginning to becoming a successful business leader

continues to inspire many.

Dec 2024 www.thefinanceworld.com 29


Top 100 Expats

ERIKA

B. DOYLE

Founder and Managing Director

Drink Dry

HIGHLIGHTS

Year of Establishment:

2021

Nationality:

Lithuanian

Industry:

Foods and Beverages

Awards & Recognition:

Entrepreneur Woman SME

Leaders Award for F&B

Leader 2022

Erika Doyle is the visionary founder and Managing

Director of Drink Dry, the UAE’s first and only non-alcoholic

drinks marketplace. What began as a personal

frustration with the lack of premium alcohol-free drinks in

the region has transformed into a groundbreaking business

that is reshaping beverage consumption in the Middle East.

Launching Drink Dry in February 2020, just as the global

pandemic was unfolding, Doyle faced unprecedented challenges.

However, she approached these obstacles with a characteristic

blend of determination and strategic thinking. Instead of rushing

to market, she took time to build solid foundations, working

closely with local authorities to ensure product compliance

across retail, hospitality, and export channels. This meticulous

approach became Drink Dry’s most significant unique

selling point, establishing the company as the go-to expert

in non-alcoholic beverages. Her entrepreneurial journey was

initially a one-woman show, with Doyle handling every aspect

of the business. From those early days, she has grown Drink

Dry into a dynamic team of passionate professionals. She

takes particular pride in the talented group she now manages,

finding inspiration in their expertise and commitment to the

company’s mission of bringing sophisticated, adult-targeted

zero-alcohol alternatives to the market.

The business’s growth has been remarkable. As a non-drinker,

Doyle’s motivation was deeply personal. She recognized a gap

in the market for premium, adult-oriented alcohol-free drinks

and was determined to fill it. Her approach went beyond simply

selling products; she aimed to revolutionize the drinking

culture in the Middle East, offering sophisticated alternatives

that look and taste like their alcoholic counterparts.

Doyle embodies the changing landscape of entrepreneurship

in the region. She is part of a new wave of startup founders

who are making the ecosystem more inclusive and encouraging

women to lead innovative changes. Her philosophy of facing

fears head-on and turning challenges into opportunities has

been crucial to her success. From navigating complex regulatory

environments to building a comprehensive non-alcoholic

beverage marketplace, Doyle has consistently demonstrated

resilience, creativity, and a commitment to her vision. As Drink

Dry continues to grow and expand, she stands as a pioneering

entrepreneur who has not just created a successful business

but is actively changing perceptions about non-alcoholic

beverages in the Middle East. By emphasizing sustainability

and innovation, she has redefined consumer expectations for

non-alcoholic products. Erika Doyle’s journey is a testament

to how visionary leadership can reshape industries.

30 www.thefinanceworld.com Dec 2024


Top 100 Expats

EUGENE MAYNE

Founder and Group CEO

Tristar Group

Starting with three used trucks in

1998 in Dubai, Tristar Group has

grown into a global leader in integrated

liquid logistics. Today, the company

operates over 1,000 road tankers,

pick-ups, and flatbed trailers across the

Middle East, Africa, and Asia. With a

presence in 12 countries, including the

Pacific island of Guam and Haiti, Tristar

serves the petroleum and chemical

industries. The company employs more

than 1,800 people and has experienced

a consistent compounded annual growth

rate of 30% under the leadership of its

CEO. In addition to its logistics services,

Tristar offers specialized warehousing in

the GCC and owns a fleet of four lube oil

barges in the UAE, chartered to major oil

companies. Committed to sustainability,

Tristar is actively adopting green practices

to minimize its environmental footprint.

FAIZAL E. KOTTIKOLLON

Founder and Chairman

KEF Holdings

In the late 1990s, Faizal E. Kottikollon

founded Emirates Techno Casting

(ETC), one of the world’s three most

technologically advanced foundries

specializing in valve casting. By 2012,

ETC was sold to Tyco International for

over $400 million, and Kottikollon used

the capital to establish KEF Holdings,

a DIFC-based firm focused on offsite

manufacturing technology across industries

like healthcare, education, sports,

and agriculture. Apart from his business

ventures, Kottikollon is a committed humanitarian.

As the co-founder and director

of the Faizal and Shabana Foundation,

he works on creating sustainable initiatives

aimed at building a more equitable

society. His philanthropic efforts reflect

his deep commitment to giving back and

fostering positive social change.

FEROZ ALLANA

Director

IFFCO Group of Companies

From bagels to ketchup and cake

mix to margarine, IFFCO, founded

in 1975, stands as one of the Gulf’s

largest and most successful food manufacturing

and distribution companies.

The company operates across various

sectors, including FMCG, commodities,

oils, frozen foods, and institutional

services, and also produces related

derivatives and intermediates. Some

of IFFCO’s well-known brands include

London Dairy, Tiffany, Noor, Rahma,

Igloo, and Al Baker.

But IFFCO is only one part of the Allana

family’s success story. In India, Allana

Sons Ltd is a global leader, with interests

spanning food production, marine

products, retail, pet foods, and product

distribution. His vision and business

acumen not only drive his business but

also ensure his expertise is utilized by

the Indian government.

Dec 2024 www.thefinanceworld.com 31


Top 100 Expats

FARHAD

AZIZI

Chief Executive Officer

Azizi Developments

HIGHLIGHTS

Year of Establishment:

2007

Nationality:

Afghani

Industry:

Real Estate

Awards & Recognition:

Middle East Property

Developer of the Year

Farhad Azizi stands as a dynamic entrepreneur whose

professional journey spans multiple sectors, with real

estate development at the heart of his success. As the

CEO of Azizi Developments, he has transformed the company

into Dubai’s premier real estate developer, creating thousands

of residential and commercial properties that have reshaped

the city’s skyline. His roots in Dubai, combined with international

education and experience, have positioned him as

a truly global business leader.

By leveraging his keen business insights, Azizi has elevated

Azizi Developments to a prominent position in the regional

real estate market, garnering significant recognition and

prestigious awards. With a robust academic background,

Azizi brings a global perspective to his work. He completed

his undergraduate studies in International Business and

Languages at the University of Tulsa in Oklahoma and later

earned a Master’s in Business Administration from Suffolk

University in Boston. His linguistic versatility is notable,

with fluency in English, Pashto, and Farsi, complemented

by conversational skills in German, French, Russian, Hindi,

and Arabic – a testament to his international outlook and

cultural adaptability.

Growing up in Dubai and educated both locally and internationally,

Farhad’s path is a blend of cultural experiences. After

graduating from the University of Tulsa and completing his

MBA in Finance Management from Boston-Suffolk University,

he established a successful business footprint in Germany.

His international background allowed him to bring a unique

perspective back to the UAE, where he took the helm of his

family’s businesses with a vision of unprecedented growth.

Customer satisfaction drives Farhad’s approach to business.

His hands-on, transparent leadership style has become a

hallmark of Azizi Developments, with the company currently

developing over 40,000 homes worth billions of dollars.

This includes an ambitious project featuring the world’s

second-tallest skyscraper, demonstrating his commitment to

pushing boundaries in real estate development.

Beyond real estate, Farhad is a strategic visionary who sees

potential in diversification. He is actively expanding the Azizi

Group’s interests into Europe and North America, exploring

opportunities in real estate, banking, and hospitality. A family

man with deep international connections, Farhad splits

his time between Dubai and various European countries.

His personal journey reflects the global, ambitious spirit of

modern Dubai - a city that continues to inspire his work and

vision for the future.

32 www.thefinanceworld.com Dec 2024


Top 100 Expats

FADI

GHANDOUR

Executive Chairman

Wamda Group

HIGHLIGHTS

Year of Establishment:

2014

Industry:

Financial Services

Nationality:

Lebanese

Best known as the co-founder of Aramex, Fadi Ghandour

transformed a local logistics company into a global

enterprise with a presence in 90 countries and over

250 offices.

During his 30-year tenure as CEO, Ghandour achieved a

groundbreaking milestone by taking Aramex public on Nasdaq,

becoming the first Arab company to do so. His entrepreneurial

journey extends far beyond logistics, spanning digital technology,

hospitality, fitness, wellness, and security sectors. As the

Executive Chairman of Wamda Group, Ghandour continues

to support entrepreneurship across the MENA region. He

established Wamda Capital, a venture capital firm with a

$75 million growth fund dedicated to nurturing and building

entrepreneurial ecosystems. This initiative has been crucial

in supporting emerging startups and innovative businesses

throughout the Middle East.

His entrepreneurial acumen is evident in his diverse investments.

Ghandour was a founding partner of Maktoob.com,

the world’s largest Arab online community, which was later

acquired by Yahoo!, demonstrating his ability to identify and

develop promising digital ventures. He has also been a board

member of Abraaj Capital and a founding board member

of Endeavor Jordan, further solidifying his influence in the

regional business landscape.

Beyond business success, Ghandour is deeply committed

to social impact. He founded Ruwwad for Development, a

community engagement platform that supports marginalized

communities through education, civic engagement, and financial

inclusion across multiple countries. This non-profit organization

focuses on empowering displaced and underserved

communities in Lebanon, Palestine, Jordan, and Egypt. His

philanthropic efforts extend to supporting sports and community

development. Ghandour co-founded and continues

to support Al-Riyadi, one of the leading non-profit sports

clubs in Jordan, showcasing his commitment to community

building beyond the business realm.

Ghandour’s academic and professional contributions are

equally impressive. He serves on the Advisory Board of the

Suliman S. Olayan School of Business at the American University

of Beirut, contributing to the development of business

education in the region.

A serial entrepreneur and philanthropist, Ghandour has

been instrumental in launching and investing in numerous

companies and non-profits. His approach goes beyond traditional

business models, focusing on creating sustainable

ecosystems that drive social and economic progress.

Dec 2024 www.thefinanceworld.com 33


Top 100 Expats

FAZEELA

GOPALANI

Partner

EY Academy MENA

HIGHLIGHTS

Year of Establishment:

1989

Nationality:

British

Industry:

Accounting and Finance

Awards & Recognition:

Top 35 Women of Influence

in the Arab World 2021

As a Partner at EY and a distinguished Fellow of the

Association of Chartered Certified Accountants (FCCA),

Fazeela Gopalani’s journey is a testament to strategic

vision, unwavering commitment, and a profound dedication

to nurturing talent across the Middle East and beyond.

Gopalani’s professional narrative is rich with international

experience that seamlessly blends global expertise with

regional ambition. Her career trajectory began in the United

Kingdom, where she managed her accounting practice, before

making a significant move to the UAE over 15 years ago. Her

most notable professional chapters include a pivotal tenure

at ACCA, where she served as Head of Education and subsequently

Head of ACCA for Eurasia and the Middle East. In

these roles, she wasn’t just managing operations across 22

countries, but orchestrating the professional development

of a vibrant community of 35,000 students and members.

Currently leading the EY Academy for the MENA region,

Gopalani’s work is laser-focused on talent development. Her

comprehensive programs are designed to upskill organizations

and prepare future leaders in critical domains: finance, accounting,

leadership, artificial intelligence, and sustainability.

Her approach is deeply aligned with strategic national

visions, particularly Saudi Arabia’s Vision 2030. By developing

professional capabilities, she is directly contributing to the

Kingdom’s ambitious transformation goals, ensuring that the

workforce is not just prepared, but primed to lead.

Beyond her corporate achievements, Gopalani has been a

powerful advocate for professional and gender inclusivity.

Her mentorship has encouraged numerous nationals across

the Gulf Cooperation Council (GCC) to pursue ACCA certifications,

with a special emphasis on supporting women’s

advancement into senior management positions. Her board

memberships reflect this commitment. From King’s School Al

Barsha to the University of Birmingham, and organizations

like LANA Technology and the Sparkle Foundation, she consistently

leverages her expertise to drive meaningful change.

What distinguishes Gopalani is her holistic approach to

professional development. She doesn’t just see skills training

as a technical exercise, but as a pathway to broader societal

transformation. Her work supports the UAE’s remarkable

achievement of gender parity in government, and her international

initiatives demonstrate a commitment to building

sustainable, inclusive economies. As the business landscape

continues to evolve rapidly, driven by technological innovations

and global economic shifts, professionals like Fazeela

Gopalani are crucial.

34 www.thefinanceworld.com Dec 2024


Top 100 Expats

GEOFFREY ALPHONSO

Chief Executive Officer

Alef Education

A

thought leader in education technology, Geoffrey has

been listed among most reputed lists including the

‘Top 30 CEOs’ and the ‘100 Most Inspiring Leaders’ in

the Middle East. Geoffrey brings a background of strategic

thinking. He has over 25 years of experience implementing

business transformations in the North American, Australian,

and Middle Eastern markets and has held senior positions in

EdTech, telecommunications, and finance globally.

Prior to joining Alef Education, Geoffrey was General Manager

and Head of Pearson Education’s digital business practice

in the Middle East and Africa for over nine years. Geoffrey

currently sits on the board of THAKI – a non-governmental

organisation that provides digital education products and

services to underprivileged children in the MENA region – and

is a member of the Forbes Technology Council.

Under his leadership, Alef Education has grown from a

startup in 2016 to a prominent organisation. As CEO of Alef

Education and founding member of the AI award-winning Alef

Platform, Geoffrey leads the overall vision, design, innovation,

and product portfolio to cater to global growth at scale. He

has rapidly expanded the company into five new markets,

serving more than 1.1 million learners.

IMRAN ALI KHAN

CEO and Co-founder

Dubizzle Group

Founded in 2005, Dubizzle Group has become one of

the most successful online classifieds platforms in the

MENA region. It provides a broad range of services,

including real estate, automotive, and job listings. Under the

leadership of CEO Imran Ali Khan, the company has grown

into a dominant force in the region. With a background in both

engineering and business, Khan has played an integral role

in Dubizzle’s expansion and success. Khan’s leadership has

been crucial in steering the company through rapid growth

and technological evolution, making Dubizzle an indispensable

platform for buyers and sellers in the region. He has focused

on creating a seamless, user-friendly experience that integrates

tech-driven solutions to meet customer needs more effectively.

The company’s key platforms, including Bayut (real estate)

and Zameen (property listings), have transformed the digital

classifieds landscape in the UAE and beyond. With plans to go

public in 2025, Khan’s strategic direction for Dubizzle Group

aims to solidify its market dominance and pursue further

regional and international growth. Through his leadership,

Dubizzle has not only expanded its footprint across the MENA

region but also built a strong foundation for future expansion.

Dec 2024 www.thefinanceworld.com 35


Top 100 Expats

HUDA

KATTAN

Co-Founder

Huda Beauty

HIGHLIGHTS

Year of Establishment:

2013

Nationality:

Iraqi

Industry:

Beauty & Cosmetics

Awards & Recognition:

Digital Innovator of the

Year - 2017

In the glittering world of global beauty, some entrepreneurs

don’t just follow trends—they create them. Huda Kattan is

one such visionary who transformed a passionate hobby

into a billion-dollar cosmetics empire, redefining both beauty

standards and entrepreneurial success. Born to Iraqi parents

in Oklahoma City, Kattan’s story is a testament to the power

of reinvention and staying true to one’s calling. Though she

earned a finance degree from the University of Michigan–

Dearborn, she courageously stepped away from a traditional

career path to follow her passion: makeup artistry. This bold

choice would ultimately revolutionize the beauty industry.

Kattan’s entrepreneurial journey began in Dubai, where she

not only refined her makeup skills but also laid the groundwork

for her brand. In 2010, she launched a WordPress blog to share

makeup tutorials and tips. Her genuine passion and relatable

approach quickly resonated with a growing audience, setting

her apart in the crowded digital space. While pursuing her

career, Kattan met her now-husband, Chris Goncalo, during

her time at the University of Michigan-Dearborn. After moving

to Dubai in 2006, the couple welcomed their first child, Nour

Gisele, marking the start of an exciting new chapter.

In 2013, Huda Beauty was born, debuting with a line of

false eyelashes that caught the attention of celebrities like

Kim Kardashian. What began as a modest product line swiftly

grew into a comprehensive cosmetics brand, offering everything

from eyeshadow palettes to foundations. Kattan’s deep

understanding of consumer desires, paired with her mastery of

social media marketing, propelled the brand to global acclaim.

By 2020, Kattan had amassed over 47 million Instagram

followers, evolving from a makeup artist into a global beauty

influencer and entrepreneur. Her journey transcends traditional

business narratives, showcasing the rise of a digital-age

entrepreneur who blends authenticity, creativity, and strategic

vision. Expanding her billion-dollar empire, Kattan ventured

into new territories, launching Kayali fragrances and Wishful

skincare—both of which quickly gained cult followings. Her

relentless drive to meet unmet beauty needs continues to

fuel her success.

Huda Kattan’s story embodies cultural representation, female

entrepreneurship, and the transformative power of pursuing

one’s passion. She hasn’t just created a beauty brand; she

has inspired a generation to embrace their individuality and

chase their entrepreneurial dreams. Through Huda Beauty,

Kattan has also contributed to philanthropic efforts, proving

that with courage, creativity, and determination, personal

passion can evolve into a global phenomenon.

36 www.thefinanceworld.com Dec 2024


Top 100 Expats

HATEM

DOWIDAR

Group Chief Executive Officer

e&

HIGHLIGHTS

Year of Establishment:

1976

Nationality:

Egyptian

Industry:

Telecommunications

Awards & Recognition:

Global Merit Leader CEO

of the Year 2023

As the Group CEO of e&, Hatem Dowidar has emerged

as a transformative leader who is redefining the

telecommunications landscape. With a unique blend

of technical expertise and strategic acumen, Dowidar has

steered the company from a traditional telecom operator to

a dynamic global technology group. His journey began with a

solid foundation in engineering, holding a Bachelor’s Degree

in Communications and Electronics Engineering from Cairo

University, followed by an MBA from the American University

in Cairo that sharpened his business leadership skills.

Joining e& (formerly Etisalat) in September 2015, Dowidar

quickly ascended through the ranks, becoming Group CEO

in 2020. Under his leadership, the company has expanded its

global footprint to 38 markets, serving 154 million subscribers

with a brand portfolio valued at $10.9 billion. Dowidar’s

professional journey is marked by remarkable achievements

and global recognition. He led e& to become the Fastest

Growing Technology Brand in the Middle East and Africa.

His approach goes beyond mere business growth, focusing on

digital empowerment and strategic partnerships that create

meaningful societal impact.

Before e&, Dowidar built an impressive career with Vodafone,

serving in various leadership roles including CEO of

Vodafone Egypt and holding key positions across multiple

markets. His expertise extends beyond telecommunications,

with board memberships in diverse organizations including

Vodafone Group, Etihad Etisalat Company, and Maroc

Telecom. Internationally, he contributes to global dialogues

as a member of the GSMA and the United Nations Internet

Governance Forum leadership panel.

A standout example of Dowidar’s innovative approach

is the establishment of telehealth services in collaboration

with the American Hospital, demonstrating how technology

can be leveraged to enhance societal well-being. His vision

extends beyond business metrics, focusing on bridging digital

divides and empowering communities through technological

innovation. At the heart of Dowidar’s leadership is a commitment

to transformative technology. He sees e& not just as

a telecommunications company, but as a catalyst for global

digital transformation. With a global workforce of over 46,000

employees, he continues to push the boundaries of what a

technology company can achieve, consistently delivering

value to customers and stakeholders alike.

As the telecommunications landscape continues to evolve,

he stands at the forefront by reimagining the role of technology

in connecting and empowering societies worldwide.

Dec 2024 www.thefinanceworld.com 37


Top 100 Expats

DR. J.R. GANGARAMANI

President and Executive Chairman

Al Fara’a Group

Born in Mumbai, Dr. JR Gangaramani moved to the UAE

in 1974 to serve as a construction manager for the Dubai

World Trade Centre, the tallest building in the GCC

at the time. Six years later, he founded his own contracting

company, which eventually led to the creation of Al Fara’a

Construction & Industrial Group.

Al Fara’a has earned a reputation for offering a wide range

of services, including construction, ready mix, electro-mechanical

services, and interiors. The company’s impressive

project portfolio includes hospitals, bridges, towers, malls,

and villas. With a workforce of 18,000 employees across the

UAE and India, Al Fara’a has grown to become a prominent

player in the industry. In 2009, Gangaramani established the

Al Fara’a Foundation to harness the collective power of the

group’s companies and strategically meet stakeholder needs.

The foundation operates with a focus on five key pillars: care,

empowerment, growth, challenge, and nurture, ensuring a

sustainable and value-oriented approach to its initiatives.

Through these efforts, Al Fara’a aims to create a positive

impact on society and contribute to long-term community

development. Al Fara’a is committed to building a better future.

JAMES MATHEW

CEO & Managing Partner

UHY James

As the CEO and Managing Partner of UHY James Chartered

Accounntants, James Mathew has redefined the

essence of financial expertise, turning numbers into

powerful narratives of business growth and societal impact.

UHY James is the independent UAE based member firm of

UK headquartered global audit network - UHY International.

UHY International ranks among the top 20 global audit networks

and has an impressive footprint across 100+ countries.

Leading a dynamic team across multiple emirates in the UAE,

he has revoltuionised UHY James by empowering businesses

with comprehensive solutions in audit, assurance, advisory,

tax and technology. Headquartered in Dubai, the firm has a

robust footprint across Abu Dhabi, Sharjah and Fujairah.

Beyond corporate achievements, James’ impact resonates

through his profound commitment to societal development.

He is the Independent Director and Audit Committee Chair for

one of the largest healthcare groups in India. With millionaire

migration gaining momentum in the UAE, James Mathew

powered by 30+ years of experience plays a pivotal part in

adding value to global businesses venturing into the UAE and

transforming the economic environment at an intrinsic level.

38 www.thefinanceworld.com Dec 2024


Top 100 Expats

JACKY PANJABI

Group Managing Director

Jacky’s Group

At just 17, Jacky Panjabi left his homeland with nothing

but ambition and a dream. His first glimpse of Dubai

during a chance stopover between London and Hong

Kong would become the pivotal moment that would define

his entire career. When most would have hesitated, Jacky

saw potential in a city going through its first recession—a

decision that would prove transformative.

What began as a modest mail-order business has blossomed

into Jacky’s Electronics, a multinational enterprise spanning

consumer electronics, entertainment, FMCG, and specialized

technology solutions. From creating its own home appliances

brand ‘Venus’ to establishing Jacky’s Business Solutions

LLC, the group has consistently demonstrated an ability to

innovate and diversify. The company’s international reach

is impressive. Jacky’s Gulf FZE has become a key re-export

arm, driving growth across the Middle East, CIS, and African

markets. Jacky’s Logistics Worldwide LLC further strengthens

the group’s operational capabilities, offering comprehensive

logistics support. From a young entrepreneur taking a chance

to the leader of a multinational enterprise, his journey embodies

the spirit of innovation.

JOY ALUKKAS

Chairman and Managing Director

Joyalukkas Group

The story of Joy Alukkas is a remarkable tale of entrepreneurship,

vision, and family heritage. Born in 1956

in Thrissur, Kerala, Joy was part of a large family with

15 children. His journey began in a modest 220-square-foot

jewellery store started by his father, Alukka Joseph Varghese,

the same year Joy was born. From a young age, Joy was

fascinated by the family business. After graduating from St

Thomas College, Joy joined the family business in 1976. By

1987, he had set up his first store in the UAE, marking the

beginning of what would become the Joyalukkas Group. In

2002, Joyalukkas strategically entered the Indian market by

establishing its headquarters and opening its first showroom

in Kochi, Kerala. Following a split in the family business, Joy

gained the freedom to expand rapidly.

Today, Joyalukkas is a global brand present in 11 countries,

including the United States, United Arab Emirates, India,

United Kingdom, Singapore, Malaysia, Qatar, Oman, Bahrain,

Kuwait, and Saudi Arabia. But Joy’s vision extends beyond

jewellery. The group has diversified into exchanges, silk

fashion, real estate, and even philanthropic efforts through

the Joyalukkas Foundation.

Dec 2024 www.thefinanceworld.com 39


Top 100 Expats

KAMI

VISWANATHAN

President - ME, Indian Subcontinent and Africa

FedEx

HIGHLIGHTS

Year of Establishment:

1989

Nationality:

Indian

Industry:

Logistics

Awards & Recognition:

Middle East’s Top 30

Logistics Leaders

Kami Viswanathan stands at the forefront of global

business leadership as the President of FedEx for the

Middle East, Indian Subcontinent, and Africa (MEISA),

overseeing operations across 84 countries.

With a career spanning over two decades, Viswanathan has

seamlessly navigated between consulting, entrepreneurship,

and corporate leadership. She joined FedEx in February 2021,

bringing with her a wealth of experience and a proven track

record of driving strategic growth. Her role involves charting

the rapid expansion of FedEx in the MEISA region, with a

particular focus on developing strategic partnerships and

commercial initiatives in key markets like India, the UAE,

and Saudi Arabia.

A gold medalist from the National Law School of India

with a BA, LLB (Hons.) degree, Viswanathan further distinguished

herself by earning an MBA from Harvard Business

School. This exceptional educational background has been a

cornerstone of her professional success, providing her with

a robust foundation for strategic leadership. Viswanathan’s

impact extends beyond her corporate role. She is a fellow of

the Aspen Global Leadership Network and serves on several

prestigious boards, including the US-India Business Council

and the Harvard Business School South Asia Advisory Board.

Her commitment to giving back is evident in her involvement

with non-profit organizations like the Music Academy Madras

and the American International School Chennai.

At FedEx, Viswanathan is particularly focused on driving

transformation in India, the Middle East, and Africa. Her

approach combines strategic marketing, commercial growth,

and corporate innovation, positioning her as a key driver of

the company’s expansion in these dynamic regions. She leads

corporate innovation efforts out of India, demonstrating her

ability to identify and leverage emerging opportunities.

Kami Viswanathan represents a new generation of global

leaders – those who seamlessly blend technological innovation,

strategic thinking, and a global perspective. Her journey

from a gold-medal-winning law student to a top executive at

a global logistics giant is a powerful narrative of ambition,

adaptability, and continuous learning. Driven by a passion for

progress, she inspires others to pursue excellence and harness

the power of innovation to tackle complex global challenges.

As she continues to shape the future of FedEx in the MEISA

region, Viswanathan remains committed to driving business

transformation, supporting emerging markets, and creating

innovative solutions that connect businesses and communities

across the globe.

40 www.thefinanceworld.com Dec 2024


Top 100 Expats

KABIR MULCHANDANI

Founder and Chairman

FIVE Holdings

A

visionary in both luxury hospitality and real estate, Kabir

Mulchandani has been instrumental in transforming

FIVE Holdings into a key player in the global luxury

market. With a solid background in business and investments,

Mulchandani has overseen the development of renowned

properties like FIVE Palm Jumeirah Dubai and FIVE Zurich,

which have set new benchmarks for high-end living and guest

experiences. His focus on delivering innovative designs and

exceptional service has helped elevate the company’s profile

in the competitive hospitality sector.

Mulchandani’s leadership has led to the rapid growth of

FIVE Holdings, with plans for international expansion and

a public listing by 2025. Under his direction, the company

has built a strong reputation for its lavish offerings, contributing

significantly to Dubai’s luxury tourism landscape. His

entrepreneurial journey, which began in India, has also been

marked by a deep commitment to philanthropy, such as his

initiative, Project Udaan, which provides life-saving surgeries

to children in India. Through Project Udaan, Mulchandani has

helped countless children with congenital heart defects, showcasing

his dedication to making an impact beyond business.

KHALED SOLIMAN

Group Chief Executive Officer

Jashanmal National Co

As the Group CEO of the 102-year-old Jashanmal Group,

Khaled Soliman has masterfully steered a century-old

business from traditional brick-and-mortar operations

to a cutting-edge, omni-channel enterprise. His professional

journey is marked by an exceptional ability to navigate complex

business transformations. When he joined Jashanmal in

2017, the company was a traditional retailer with 100 physical

stores across the GCC region. Recognizing the impending

digital revolution, he immediately reimagined the business’s

operational strategy.

Under his leadership, the management team embraced digital

technologies even faster than their customers. Within two

years, the company had recovered to pre-pandemic business

levels and even expanded its retail footprint from 100 to over

150 stores. One of Soliman’s most significant achievements

has been the successful launch of Jashanmal’s e-commerce

platform. In just one year, online sales contributed more than

4% of the group’s total turnover. When he’s not transforming

retail strategies, Soliman enjoys a balanced life. An avid golfer

and water sports enthusiast, he’s also a passionate Liverpool

Football Club fan.

Dec 2024 www.thefinanceworld.com 41


Top 100 Expats

LUDMILA YAMALOVA

Founder and Managing Partner

HPL Yamalova & Plewka

As a remarkable legal professional, Ludmila Yamalova

has redefined the boundaries of legal practice in the

UAE. As the Founder and Managing Partner of HPL

Yamalova & Plewka DMCC (LYLAW), she brings a unique

blend of international expertise and local insight to the legal

landscape. Born in Ukraine and educated at the University of

Texas, Yamalova boasts an impressive professional journey

spanning two continents, with extensive legal experience in

both the United States and the UAE.

Licensed by the State Bar of California and recognized in

Dubai’s legal circles, Yamalova transcends traditional legal

practice. Her professional expertise extends far beyond conventional

legal counsel, earning her reputation as the region’s first

verified “TikTok Lawyer” and a pioneering media personality.

Through her acclaimed podcast “Lawgical” and active media

presence, she has transformed legal communication, making

complex legal insights accessible to a broader audience.

Her professional trajectory is distinguished by high-profile

roles, from Associate General Counsel at a NASDAQ-listed

company in Silicon Valley to managing critical patent litigation

and global corporate matters.

L.T. PAGARANI

Chairman

Choithrams

LT Pagarani is the driving force behind the remarkable

growth and transformation of Choithrams, a supermarket

brand with roots dating back to 1944, when it was

founded by Thakurdas Choithram Pagarani in West Africa.

As the current chairman, Pagarani has expanded Choithram

& Sons into a global name, with a presence across Europe,

North America, Africa, and the Middle East. His vision led

to the opening of Choithrams’ first store in the UAE over 30

years ago, and the brand now operates more than 25 stores

across the GCC.

Under Pagarani’s leadership, Choithrams has not only thrived

as a business but has also made significant philanthropic

contributions. The company has donated millions of dollars

to causes such as the UN World Food Programme, showcasing

Pagarani’s commitment to giving back to the community.

Through Choithram International Foundation, the supermarket

chain’s charitable arm, Pagarani has extended its

support to various initiatives, including a recent emergency

grant to the Al Jalila Foundation, part of the Mohammed bin

Rashid Al Maktoum Global Initiatives. This philanthropic focus

highlights his dedication to social responsibility.

42 www.thefinanceworld.com Dec 2024


Top 100 Expats

LINDA

FITZ-ALAN

Registrar and Chief Executive

Abu Dhabi Global Market Courts

HIGHLIGHTS

Year of Establishment:

2015

Nationality:

Australian

Industry:

Finance

Awards & Recognition:

100 Most Powerful

Businesswomen 2023

Linda Fitz-Alan’s journey is a remarkable story of ambition,

innovation, and dedication to transforming the legal

landscape. As the Registrar and Chief Executive of Abu

Dhabi Global Market Courts, she has carved a unique path

that spans continents and challenges traditional approaches to

judicial services. From her roots in Australia to the dynamic

legal environment of the Middle East, Fitz-Alan’s career is a

testament to perseverance, innovation, and a commitment

to making a meaningful impact.

In November 2022, Linda pioneered and launched an additional

two world-first projects: the introduction of blockchain

technology for the global enforcement of commercial

judgments and “mediation in the metaverse”. The first-ever

blockchain technology to be used in the global enforcement

of commercial judgments verifies the authenticity of judgments,

driving sustainable change in the justice sector. The

“mediation in the metaverse” service is transforming mediation

into the next-generation approach to settling disputes. As a

champion for gender equality, Linda serves on the Advisory

Council of Masdar’s Women in Sustainability, Environment and

Renewable Energy (WiSER) platform, and also leads ADGM’s

Gender Equality Initiative, which has strategic partnerships

with several local and international organisations.

Since joining ADGM Courts in September 2015, Fitz-Alan

has been instrumental in transforming the judicial landscape.

Her most significant achievement is the groundbreaking ADGM

eCourts Platform, launched in 2018, which revolutionizes access

to justice by removing geographical and time constraints.

This innovative digital court allows parties to participate in

hearings from anywhere in the world, a game-changing approach

to dispute resolution that sets new global standards.

Her leadership extends beyond technological innovation.

Fitz-Alan has been a strong advocate for ESG (Environmental,

Social, and Governance) and sustainability initiatives,

embedding these crucial principles into the core of the ADGM

Courts’ operations. She oversees the court-annexed mediation

scheme and the state-of-the-art ADGM Arbitration Centre,

positioning the institution as an international trailblazer in

judicial services.

Driven by a personal philosophy of continuous challenge

and improvement, Fitz-Alan has turned the ADGM Courts

into a model of modern judicial innovation. She has created

a platform that makes justice more accessible, efficient, and

responsive to the needs of a global community. Through strategic

reforms and a commitment to embracing technology, she

has set a new standard for judicial excellence and inclusivity.

Dec 2024 www.thefinanceworld.com 43


Top 100 Expats

LEWIS ALLSOPP

Chairman

Allsopp & Allsopp

Fifteen years ago, Lewis Allsopp’s journey began in a

small Jumeirah villa, where he single-handedly managed

everything from operations to sales. What emerged was

not just a business, but a blueprint for entrepreneurial success

in one of the world’s most dynamic real estate markets.

Allsopp’s approach has been nothing short of revolutionary.

Where others saw challenges, he saw opportunities. His

leadership philosophy transcends traditional business models,

combining unwavering determination with a profound

commitment to mutual success. This approach has not only

propelled his company forward but has also influenced the

broader Dubai real estate industry’s operational paradigms.

Today, Allsopp & Allsopp Real Estate stands as a testament

to strategic vision. With over 650 employees spread across

Dubai, the company has evolved far beyond its initial real

estate roots. Strategic diversification has been key—establishing

successful subsidiaries in financial services, executive

search, and property management that create a comprehensive

ecosystem of services. His journey is a powerful reminder that

with vision, dedication, and strategic thinking, it’s possible

to turn modest beginnings into extraordinary achievements.

MAZEN NAHAWI

Founder and Group CEO

CARMA

Founder and CEO of CARMA, Mazen Nahawi has created

a global platform that helps brands navigate the complex

media landscape. What began in 1984 and was strategically

relaunched in 2016 has now grown into a powerhouse

serving over 3,500 brands and organizations worldwide.

CARMA stands as a testament to Nahawi’s innovative

approach, blending cutting-edge technology with human

expertise. With a global team of over 600 staff spanning five

continents, the company has positioned itself as the premier

media intelligence service provider, offering real-time data

insights and sophisticated communications evaluation programs.

But Nahawi’s entrepreneurial spirit extends beyond

CARMA. He is also the founder of SOCIALEYEZ, the leading

social marketing agency in the Middle East, demonstrating his

ability to identify and capitalize on emerging media trends.

His leadership extends to industry advocacy as well. As an

Executive Board Member at MEPRA and former president of

FIBEP, Nahawi has been instrumental in shaping the media

intelligence profession. From a single company to a global

network, he has consistently demonstrated an extraordinary

ability to understand and shape the media landscape.

44 www.thefinanceworld.com Dec 2024


Top 100 Expats

MASIH

IMTIAZ

Chief Executive Officer

Imtiaz Developments

HIGHLIGHTS

Year of Establishment:

2014

Nationality:

Afghani

Industry:

Real Estate

Awards & Recognition:

Rising Developer of the Year

2024

Steering a prominent real estate development company

through rapid growth and extraordinary achievements

is a challenge few leaders are prepared for.

Masih Imtiaz, CEO of Imtiaz Developments, has not only

embraced this challenge but excelled in it. Known for his

ability to transform bold visions into actionable results, Masih

has guided Imtiaz Developments through Dubai’s competitive

real estate landscape, establishing it as a leading name in the

industry. Recognised among the 150 Most influential figures

in construction and real estate in the Middle East, Masih

continues to shape the future of real estate with his innovative

leadership. Imtiaz Developments builds upon its legacy

of an international construction company founded in 1993,

with operations spanning Afghanistan, the US, and Africa.

The company boasts an impressive history of collaborating

with esteemed clients such as the UAE Government, World

Bank, Asian Development Bank, and USAID on major projects,

including residential and commercial towers, infrastructure

developments, power plants, and airports.

In 2014, the company diversified into luxury real estate

development, establishing Imtiaz Developments in Dubai.

Under Masih’s leadership, it has evolved into one of the

UAE’s leading boutique developers, delivering high-quality

residential projects that cater to modern lifestyles while

pushing the boundaries of design and sustainability. With a

portfolio of over 18 projects, Imtiaz Developments continues

its strategic expansion across Dubai. Key highlights include

six developments in Jumeirah Village Circle, four in Dubailand

Residential Complex, and eighteen waterfront projects in

Dubai Islands, showcasing its commitment to creating iconic

communities.

The company’s success is reflected in its remarkable sales

growth, with revenues increasing from AED 100 million to

AED 3 billion in just two years. This achievement has been

complemented by prestigious accolades such as the Rising

Developer of the Year Award 2024 and the Rising Star Developer

Award 2023. Masih’s contributions have also been

personally recognised.

He’s the recipient of the Industry Personality of the Year,

underscoring his ability to lead with innovation and purpose.

For Masih, success is about more than numbers—it’s about

creating vibrant communities that inspire, connect, and enhance

lives. Imtiaz Developments is dedicated to redefining

real estate by delivering projects that embody excellence and

sustainability. With Masih Imtiaz at the helm, the company

remains committed to shaping the future of urban living

with developments that reflect innovation, community, and

exceptional quality.

Dec 2024 www.thefinanceworld.com 45


Top 100 Expats

MANOJ

SUREKA

Managing Partner

Synergy Fin. Consulting

HIGHLIGHTS

Nationality:

Indian

Industry:

Financial Services & Consulting

Manoj Sureka is a well-recognized name in finance and

business investment advisory, known for his visionary

leadership. His experience showcases a blend of

strategic acumen and expertise, making a significant impact

on Dubai’s financial landscape. His innovative mindset and

confident expertise have been key drivers of his success in

financial consulting, both in Dubai and beyond. Armed with a

solid academic foundation, he holds a Chartered Accountancy

degree from ICAI and a commerce degree from the prestigious

St. Xavier’s College, Kolkata. This strong educational

background laid the groundwork for his illustrious career in

the financial sector.

Over the years, Manoj has built a remarkable professional

legacy through impactful tenures at leading financial institutions,

including RAK Bank, Mashreq Bank, National Bank of

Fujairah, and SREI Finance. His extensive experience and deep

understanding of financial markets have positioned him as a

trusted thought leader in the industry. Leveraging this wealth

of experience, Manoj spearheaded the growth of Synergy Fin.

Consulting, transforming it into a financial advisory firm that

transcends traditional consulting paradigms.

The firm stands as a strategic partner for corporations

seeking innovative and sophisticated financial solutions.

They specialize in fundraising and financial advisory services,

excelling in critical domains such as private equity, debt structuring,

trade finance, and strategic corporate partnerships.

With over two decades of experience in the financial sector,

Manoj and his team have cultivated an expansive network of

relationships across the GCC and Far East regions, connecting

with key financial institutions, sovereign funds, and institutional

investors in financial hubs like Hong Kong, Singapore,

and the Middle East. The company’s tailored services address

complex corporate financial challenges, ranging from private

equity fundraising to intricate debt and trade finance solutions.

Synergy also provides expert guidance in mergers and

acquisitions, joint venture structuring, and strategic financial

advisory, enabling businesses to transform their visions into

tangible economic success.

Manoj has helped many businesses grow by providing

them access to funding at the right time, ensuring they can

seize critical opportunities. Manoj’s contributions to the financial

and business ecosystem have earned him significant

recognition, including his inclusion on the Advisory Panel

for the prestigious Divya Chakra Award 2023. This honour

underscores his commitment to excellence and his broader

impact on the financial sector. He continues to inspire and

lead, helping businesses unlock their strategic potential and

driving the financial landscape toward a future defined by

growth and opportunity.

46 www.thefinanceworld.com Dec 2024


Top 100 Expats

MANOHAR LAHORI

Group Chairman

Palmon Group

In 1984, a chance encounter with Sultan Ahmed Bin Sulayem,

then-chairman of DP World, led Manohar Lahori

to establish the Palmon Group in Dubai. Lahori, who was

then operating a garment manufacturing business in Mumbai,

visited the Jebel Ali Free Zone, which was under development,

and saw its potential as a growing trading hub. He set up

operations there in 1985, and this marked the beginning of

the group’s expansion.

By the late 1990s, however, the rise of Chinese manufacturing

forced Palmon to shut its garment factory in Jebel Ali.

Over the years, the company diversified into several sectors,

including logistics, warehousing, food and beverage, and interior

design. The group has also made significant investments

in real estate, both in the UAE and internationally.

The leadership of Palmon has transitioned to a new generation.

Manohar Lahori’s daughter, Meher Mirchandani, now

serves as the managing director and CEO of Meher & Riddhima,

the fashion division. His son Chirag Lahori handles business

development and operations, while another son, Kunal, and

his wife manage the food and beverage division, including

the brand Pret To Go.

MOHAN G. VALRANI

Co-Founder and Mentor

Al Shirawi Group

Al Shirawi Group, a prominent UAE-based conglomerate,

operates across manufacturing, engineering, trading,

and real estate sectors. Founded in 1971, it has grown

into a regional leader, employing over 10,000 people, with a

steadfast focus on innovation and excellence.

Mohan G. Valrani, a Chartered Accountant and visionary

entrepreneur, co-founded the group alongside Abdulla Al

Shirawi. His early career in Mumbai equipped him with robust

financial expertise, which he integrated into the group’s operations,

ensuring sustained growth over the decades. Valrani’s

financial discipline and leadership have been instrumental in

steering the group toward long-term success.

As Managing Director, Valrani has shaped Al Shirawi’s strategic

direction, championing sustainable growth, diversification, and

adaptability in an evolving global market. Under his guidance,

the group has expanded its portfolio to over 30 companies,

earning recognition for its commitment to quality, integrity,

and sustainability. Its investments in green technologies and

smart solutions underscore its role as an innovation leader.

Valrani’s leadership philosophy centres on empowering

individuals and fostering collective achievement.

Dec 2024 www.thefinanceworld.com 47


Top 100 Expats

MICHEL AYAT

CEO

AW Rostamani Automotive Group

As CEO of AW Rostamani Automotive Group, the leadership

at the helm has been instrumental in establishing

the company as a leader in the UAE’s automotive

sector. With a wealth of experience in the industry, he has

successfully navigated the group through significant growth

while maintaining its position as a key distributor of renowned

brands like Nissan, INFINITI, and Renault.

His leadership is distinguished by a strong focus on innovation

and operational excellence. Under his guidance, AW

Rostamani Automotive Group has adopted digital transformation

initiatives, streamlined operations, and improved

customer engagement, ensuring the company remains adaptable

in a rapidly evolving market. His approach combines a

forward-thinking vision with an unwavering commitment to

sustainable growth.

A key part of his leadership style is fostering a culture of

inclusivity and innovation within the organization, empowering

employees to contribute to the company’s success. His

ability to respond effectively to market dynamics has allowed

AW Rostamani to expand its offerings and maintain steady

growth in a competitive landscape.

MUDASSIR SHEIKHA

Co-Founder and CEO

Careem

As a visionary entrepreneur and business leader, Mudassir

Sheikha co-founded Careem in 2012, establishing it as

the Middle East’s leading ride-hailing and multi-service

platform. Under his strategic leadership, Careem expanded

from a regional response to transportation needs into a tech

powerhouse, offering services that now include ride-hailing,

food delivery, and digital payments across 100 cities in the

Middle East, North Africa, and South Asia. His efforts were

key to Careem’s acquisition by Uber in 2020 for $3.1 billion,

marking a significant milestone in the global tech ecosystem.

Sheikha’s career began at McKinsey & Company, where he

honed his expertise in technology-driven strategies. With an

MBA from Stanford University and a background in computer

science and economics, he gained invaluable experience

from his leadership roles in Silicon Valley startups. His forward-thinking

vision for Careem went beyond transportation,

with the goal of creating a “super app” that integrates a range

of services to simplify everyday life.

Sheikha’s leadership emphasizes innovation, sustainability,

and economic opportunity, particularly within the region.

Sheikha continues to shape Careem’s growth.

48 www.thefinanceworld.com Dec 2024


Top 100 Expats

NASER TAHER

Founder & CEO

MultiBank Group

With a vision to revolutionize the financial services

sector, Naser Taher founded MultiBank Group in

2005, quickly transforming it into one of the world’s

largest financial derivatives providers. The company offers

forex, CFD trading, and advanced financial solutions to millions

of clients across 90 countries, with a daily trading volume

exceeding $12 billion. Under Taher’s leadership, MultiBank

Group has set industry standards for transparency, technology,

and service excellence.

Taher’s experience in prestigious institutions like Merrill

Lynch and Citibank helped him develop a deep understanding

of global financial markets. This experience informed his

innovative approach to building a business that prioritizes

customer trust and cutting-edge technology. His commitment

to making financial services more accessible globally has been

pivotal in the company’s expansion and success. MultiBank

Group has earned over 50 international awards, a testament

to its dedication to excellence.

As a leader, Taher is known for his unwavering focus on

trust, innovation, and regulatory compliance. Beyond his

business achievements, Taher is also a philanthropist.

NARESH K. BHAWNANI

Founder and Chairman

West Zone Group

Born in Mandsaur, a small town in Madhya Pradesh,

India, Naresh Kumar Bhawnani’s business acumen was

shaped early by watching his father’s retail ventures.

Learning the fundamentals of trade from his family, he carried

those lessons with him when he arrived in the United Arab

Emirates in the late 1980s.

The group was established on December 2, 2004—UAE

National Day—in Mirdiff, Dubai. What started as a single

store has turned into a remarkable retail empire spanning

multiple sectors. Starting with his first supermarket in 2005,

Bhawnani has grown his business to over 125 retail outlets

across various sectors. Today, West Zone Group operates

more than 100 supermarkets, covering 500,000 square feet,

employs over 5,000 people, and has expanded into logistics,

real estate, hospitality, technology, and food and beverage.

Bhawnani credits much of his success to his mother, Mrs.

Radha Bhawnani, whom he calls his mentor and the real

strength behind the group. Each store’s inauguration is a

family celebration, reflecting the deep-rooted family values

that drive the business. With a strong commitment to customer

satisfaction and community, West Zone Group continues to

set new benchmarks in the region’s retail sector.

Dec 2024 www.thefinanceworld.com 49


Top 100 Expats

NAWAB SHAJI UL MULK

Founder and Chairman

Mulk Holdings

Started Mulk Holdings in 1982, Nawab Shaji Ul Mulk

envisioned a global conglomerate, growing it into a powerhouse

with a presence in 40 countries. The company

is renowned for its flagship product, Alubond USA, which is

the world’s largest producer of aluminium composite panels.

Under Mulk’s leadership, the group diversified into multiple

industries, including healthcare, real estate, renewable energy,

and sports management.

Mulk Holdings has achieved a remarkable annual turnover

surpassing $2 billion, driven by its emphasis on innovation,

sustainability, and global expansion. The founder, with a personal

net worth exceeding $1.9 billion, has played a crucial

role in positioning the company for significant growth across

diverse sectors.

Mulk is also a committed philanthropist, particularly in the

areas of education and community well-being. His leadership

style, based on adaptability continues to drive the company’s

success. With a forward-thinking vision, Mulk aims to further

expand Mulk Holdings globally, championing sustainable

practices and technological innovation. He plans to strengthen

the company’s presence in emerging markets.

NEELESH BHATNAGAR

Founder and Managing Director

NB Ventures

Neelesh Bhatnagar is the Founder and Managing Director

of NB Ventures, a venture capital firm based in Dubai,

which he founded in 2016. With a career spanning over

30 years in the Middle East, Neelesh has built a reputation

for leadership in both retail and venture capital. Prior to

establishing NB Ventures, he was the Founder and CEO of

Landmark Arabia and Emax, companies that were pioneers

in the region’s retail sector. His extensive experience in business

management and consumer insights has provided him

with a strong foundation to venture into the world of digital

investments. NB Ventures is a prominent player in the venture

capital ecosystem, focusing on startups in sectors like fintech,

foodtech, retail, sustainability, and EdTech. Since its inception,

the firm has invested in over 50 companies, nurturing emerging

businesses with high growth potential. Some of its notable

portfolio companies include Purplle, HealthifyMe, WebEngage,

and Texub. The firm’s commitment to innovation is evident

in its support for disruptive technologies and its dedication

to helping startups scale into global players.

He focuses on mentoring entrepreneurs, and connecting

them with a broad network of industry experts and partners.

50 www.thefinanceworld.com Dec 2024


Top 100 Expats

NEERAJ TECKCHANDANI

CEO and Director

Apparel Group

As the CEO and Director of Apparel

Group, Neeraj Teckchandani

has been a driving force behind

the company’s success and expansion.

Leading the group’s growth across the

Middle East, Africa, and Asia, he has

played a crucial role in building strong

partnerships with renowned global

brands, strengthening the company’s

market position. Neeraj’s strategic vision

and expertise in business development,

brand management, and operations have

been instrumental in the group’s rise to

prominence. Under his leadership, Apparel

Group has continuously innovated,

offering a wide range of fashion, lifestyle,

and beauty products. His strategic vision

and commitment have strengthened the

company’s market position. He continues

to steer the company towards further

success in the competitive retail sector.

NEIL PETCH

Founder and Chairman

Virtuzone

A

seasoned entrepreneur and startup

advocate, Neil Petch has spent

years creating, growing, and

scaling businesses while collaborating

with individuals who share his passion

for innovation. His most notable achievement

is Virtuzone, the first independent

company formation specialist in the

Middle East, dedicated to empowering

start-ups and entrepreneurs.

As Chairman of Virtugroup, founded

in 2012 to enhance operational efficiency

and drive growth, Neil oversees several

ventures, including Virtuzone Mainland,

which facilitates local company setups,

and Next Generation Equity, offering

citizenship-by-investment services in

14 jurisdictions.

Through Virtuvest, the group’s investment

arm, Neil has supported innovative

businesses such as Easy Truck, GMG

(Dubai), and VirtuTech.

NICHOLAS WATSON

CEO and Co-founder

Udrive

Udrive was co-founded by Nicholas

Watson and provides on-demand

car rental services via a mobile

app. With a fleet of over 1,000 vehicles in

the UAE, Udrive has revolutionized mobility

by offering flexible rental options,

including per-minute and per-day models.

The company’s free float fleet approach

allows users to easily access vehicles,

optimizing transportation across the UAE.

Known for its innovative business model,

Udrive has built a loyal customer base,

particularly among expats in the UAE. By

offering a hassle-free, convenient alternative

to traditional car rentals, Udrive

continues to enhance the way people

move around the region. The company’s

commitment to technology-driven solutions

and customer-centric services has

set a new standard in the mobility sector.

Dec 2024 www.thefinanceworld.com 51


Top 100 Expats

OLA

DOUDIN

Co-founder and Chief Executive Officer

BitOasis

HIGHLIGHTS

Year of Establishment:

2015

Nationality:

Jordanian

Industry:

Crypto Trading

Awards & Recognition:

Top 10 Women Behind Middle

Eastern Tech Brands 2021

Ola Doudin is the co-founder and CEO of BitOasis, the

first and largest virtual asset platform in the Gulf Cooperation

Council and Middle East region. Her journey

from an electrical engineering graduate to a cryptocurrency

trailblazer is a testament to innovation and entrepreneurial

spirit. Born and raised in Jordan, Doudin began her career

in global technology audit in London, working with Ernst &

Young before taking a bold leap into the world of digital assets.

In 2015, Doudin co-founded BitOasis in Dubai, addressing a

crucial gap in the market by creating a platform that enables

investors across the Arab world to securely buy, hold, and sell

over sixty virtual assets. What started as a side project has

grown into the region’s most significant digital asset platform,

earning Doudin the nickname “Bitcoin Pioneer” in the Middle

East. Her motivation was simple yet powerful: to provide

the next generation of investors with a local, purpose-built

platform for accessing virtual assets.

Doudin’s entrepreneurial journey wasn’t without challenges.

She left her corporate role to pursue innovative ventures,

collaborating with Aramex founder Fadi Ghandour and

meeting her BitOasis co-founder Daniel Robenek in Dubai.

Her business philosophy centres on the transformative

potential of cryptocurrency, believing it can fundamentally

reshape how people think about transactions, savings, and

investments. The platform’s success has been remarkable,

particularly with significant regulatory developments like

obtaining a special license from Dubai’s Virtual Assets Regulatory

Authority in 2023. BitOasis has become a household

name across the MENA region, reflecting Doudin’s vision of

responsible growth and compliance in the rapidly evolving

cryptocurrency landscape.

Beyond her business achievements, Doudin remains

committed to supporting entrepreneurship. She is actively

involved in initiatives that mentor tech start-ups and social

entrepreneurs, sharing insights from her own experiences.

Her approach emphasizes resilience, self-belief, and proactivity,

encouraging aspiring entrepreneurs to view setbacks

as opportunities for growth. Doudin’s vision extends beyond

immediate business success. She sees BitOasis as a potential

global player in the cryptocurrency space, committed

to shaping the industry’s future while maintaining a strong

focus on emerging markets and regulatory compliance. With

a background in electrical engineering from the University

of Birmingham and experience in global technology audit,

Doudin brings a unique perspective to the cryptocurrency

world. Her leadership of BitOasis continues to contribute to

the broader global financial ecosystem.

52 www.thefinanceworld.com Dec 2024


Top 100 Expats

PHIL MALEM

Chief Executive Officer

Serco Middle East

With over 20 years of leadership

experience, Phil Malem has led

Serco Middle East since 2019,

overseeing its expansion and solidifying

its position as a key provider of essential

public services in the region. Malem has

a strong background in engineering and

management, having held senior roles at

SNC-Lavalin and WS Atkins, contributing

to large-scale projects across Europe,

Asia, and the Middle East.

At Serco, Malem has focused on integrating

technological advancements and

sustainable solutions, driving the company’s

digital-first strategy. He emphasizes

employee engagement, fostering a culture

of inclusivity, and strategic partnerships,

ensuring Serco’s continued success in

sectors such as healthcare, transportation,

and facilities management. His

forward-thinking leadership has played

a vital role in Serco’s revenue growth.

PARAS SHAHDADPURI

Chairman

Nikai Group

Serving as an Indian Foreign Services

diplomat in China, the US,

Saudi Arabia, and Libya, Paras

Shahdadpuri transitioned to business in

the UK in 1987. After a visit to Dubai, he

relocated to the emirate and founded the

Nikai Group, now a leader in electronics,

appliances, food products, staffing outsourcing,

and restaurants. With offices

across the UAE, Saudi Arabia, China,

and other countries, Nikai exports to

60 nations and has a customer base of

over 65 million. Shahdadpuri has played

a pivotal role in fostering India-UAE

business relations, serving as president

of the Indian Business and Professional

Council and the Business Leaders Forum.

He has earned numerous awards for his

business achievements and community

service.

RAHEEL AHMED

Chief Executive Officer

RAK Bank

Raheel Ahmed joined RAK Bank in

2022. He brings over 30 years of

extensive banking experience across

Europe, Asia, the Middle East, and Africa.

A seasoned leader in transformation, he

has held senior executive roles at Standard

Chartered, Citigroup, and Barclays, and

has also served on company boards for

both Standard Chartered and Barclays.

Raheel most recently served as a

member of the Executive Committee

and Chief Product & Analytics Officer at

Barclays UK, where he was responsible

for driving the strategy and commercial

performance of personal banking products.

He also championed Diversity &

Inclusion as an executive sponsor, a

cause he is deeply passionate about.

During his tenure, Raheel led the digital

and analytics transformation, delivering

personalized and seamless products and

services to over 20 million customers.

Dec 2024 www.thefinanceworld.com 53


Top 100 Expats

P.N.C.

MENON

Founder

Sobha Group

HIGHLIGHTS

Year of Establishment:

1995

Nationality:

Indian

Industry:

Real Estate

Awards & Recognition:

Arabian Indian Czar Award

2015

In the world of entrepreneurship, few stories are as inspiring

as that of Puthan Naduvakkatt Chenthamaraksha

Menon, better known as P.N.C. Menon – a visionary who

transformed his modest beginnings into a global real estate

empire spanning multiple continents. Born on November

17, 1948, in Palakkad, Kerala, Menon’s life was marked by

early challenges that would shape his extraordinary character.

At the tender age of 10, he lost his father, forcing him

to shoulder the responsibility of providing for his family.

Financial constraints compelled him to abandon his studies

at Sree Kerala Varma College, Thrissur, setting the stage for

an entrepreneurial journey that would defy all expectations.

At 26, Menon took a bold leap, leaving Kerala for Oman with

nothing but determination and a dream. He started a small

interior decoration firm, Service and Trade Company, which

quickly became a market leader. His exceptional craftsmanship

caught the attention of royalty across the Middle East,

undertaking prestigious projects in Oman, UAE, Bahrain,

Qatar, and Brunei.

54 www.thefinanceworld.com Dec 2024


Top 100 Expats

The turning point in Menon’s career

came in the 1990s when he identified

immense potential in the real estate

sector. His most iconic achievements

include contributing to the construction

of Oman’s Sultan Qaboos Grand

Mosque and Al Bustan Palace – projects

that became standing testaments to his

extraordinary design and construction

capabilities. In a remarkable recognition

of his contributions, the Sultan of Oman

granted Menon and his family Omani

citizenship in 1995 – a rare honor that

underscored his significant impact on

the region.

In the same year, Menon founded Sobha

Developers in Bangalore, naming the

company after his wife. The move was

strategic, entering the Indian real estate

market at a time when it desperately needed

quality construction. The company’s

public offering in 2006 was a testament

to his vision, receiving an unprecedented

oversubscription of 126 times.

Today, Sobha Ltd

stands as a $1.5 billion

market-cap company

with a presence in 24

cities and 13 states

across India. For five

consecutive years, it

has emerged as the top

developer among more

than 12,000 developers

in the country.

Menon’s entrepreneurial spirit knew

no boundaries. In 2003, he expanded to

the UAE, establishing Sobha Realty with

ambitious projects that would redefine

luxury living. Sobha Hartland, a $4 billion

luxury mixed-use development, and

District One, an $8 billion joint venture

with Meydan Group, showcased his ability

to create world-class residential spaces.

His business philosophy was simple yet

profound: three elements were essential

in creating an exceptional residence

– exquisite design, uncompromising

quality, and on-time delivery of projects.

Beyond business, Menon is renowned

for his philanthropic efforts that extend

far beyond traditional corporate social

responsibility. In 2016, he and his wife

Sobha joined The Giving Pledge, a philanthropic

initiative started by Warren Buffett

and Bill Gates, committing to donate

50 percent of their wealth to charitable

causes. Through the Sri Kurumba Educational

& Charitable Trust, established

in 1994, he has supported thousands of

families in his native Palakkad district.

The trust adopted two panchayats, helping

families with low monthly incomes and

providing education to children from

2,500 poor families.

Recognition and Global Acknowledgment

Menon’s contributions have been globally

recognized through numerous prestigious

awards from Golden Peacock Lifetime

Achievement Award for Business Leadership

in 2014and more. He is also a

member of the Prime Minister’s Advisory

Council of Overseas Indians, a testament

to his significant contributions to the

nation. Married to Sobha, with whom

he shares three children – two daughters,

Bindu and Revathi, and a son, Ravi

Menon – P.N.C. Menon’s personal life is

as carefully crafted as his professional

endeavors. His approach to business and

life is deeply rooted in values of quality,

integrity, and social responsibility.

Recent Philanthropic Milestones

In February 2024, Menon made a significant

contribution of INR 110 million

(USD 1.3M) to the BAPS Hindu Mandir

in Abu Dhabi, supporting the ongoing

construction and upkeep of the temple

– another example of his commitment to

community and cultural understanding.

A Legacy of Excellence

From a small interior decoration firm to

a global real estate powerhouse, P.N.C.

Menon’s journey exemplifies the transformative

power of vision, perseverance, and

unwavering commitment to excellence.

His story transcends business success –

it is a narrative of human potential, of

rising above circumstances, and creating

meaningful impact. Today, Sobha Group

stands as a multinational real estate and

construction group with diversified global

interests. Menon continues to serve on

the Board of Governors of the Rashid

Centre for People of Determination in

Dubai and is a valued partner of the Al

Jalila Foundation.

His story is not

just about building

structures, but about

building dreams,

creating opportunities,

and making a

meaningful impact on

communities across

the globe.

P.N.C. Menon remains a beacon of

inspiration for entrepreneurs, philanthropists,

and dreamers worldwide – a

true testament to the power of ambition,

hard work, and social responsibility.

About Sobha Realty

Founded in 1976 as an interior decoration

firm in Oman by PNC Menon, Sobha

Realty has evolved into an international

luxury real estate developer with a significant

presence across the UAE, Oman,

Bahrain, Brunei, and India. The company

has built its reputation on an unwavering

commitment to exceptional quality and

craftsmanship. Sobha Realty’s property

portfolio in Dubai is diverse and impressive,

featuring prominent developments

like Sobha Hartland, Sobha Seahaven,

Sobha Orbis, Skyscape Avenue, Sobha

Reserve Villas, and Verde by Sobha.

These projects span the residential,

retail and more.

The organization’s vision extends beyond

traditional real estate development.

Aspiring to become the most trusted real

estate organization globally, Sobha Realty

is deeply committed to sustainable development.

They have aligned themselves

with the United Nations Sustainable

Development Goals and support the

UAE’s net-zero emissions target by 2050.,

integrating environmental stewardship

and social responsibility into every aspect

of their operations.

Dec 2024 www.thefinanceworld.com 55


Top 100 Expats

PAUL

GRIFFITHS

Chief Executive Officer

Dubai Airports

HIGHLIGHTS

Year of Establishment:

2007

Nationality:

British

Industry:

Aviation

Awards & Recognition:

Trinity Award 2023

Paul Griffiths is a visionary leader who has transformed

Dubai’s aviation landscape, steering Dubai Airports

through some of the most challenging times in global

transportation history. As the first CEO of Dubai Airports,

appointed in October 2007, he has been instrumental in developing

what is now the world’s busiest international passenger

airport, Dubai International (DXB), and the ambitious Dubai

World Central – Al Maktoum International (DWC).

His journey to aviation leadership is anything but conventional.

A trained organist who once won numerous local

competitions and became a fellow of the Royal College of

Organists at just 22, Griffiths pivoted from a potential musical

career to the world of travel and transportation. Starting as

a Contracts Executive with the OSL/Wings travel group in

1977, he quickly demonstrated his entrepreneurial spirit by

establishing a software company developing proprietary information

management systems for the airline industry in 1989.

Before arriving in Dubai, Griffiths served as Managing

Director of London’s Gatwick Airport, further solidifying his

reputation as a leading figure in airport management. His move

to Dubai in 2007 marked the beginning of a transformative

period for the region’s aviation sector. He has since achieved

multiple milestone moments, including the flawless launch

of Terminal 3 at DXB, opening Dubai’s second airport, and

inaugurating the world’s first purpose-built A380 facility with

Concourse A in 2013.

A significant highlight of his tenure came on December 20,

2018, when he joined Dubai Airport’s Chairman HH Sheikh

Ahmed bin Saeed Al Maktoum in welcoming DXB’s billionth

guest - a testament to the airport’s global significance. Under

his leadership, Dubai Airports continues to develop an ambitious

“Aerotropolis” project at Dubai World Central, with

plans for five runways and 12 concourses that could potentially

accommodate more than 240 million passengers annually.

Beyond his professional achievements, Griffiths is a passionate

motorsport enthusiast. He actively collects and restores

motorcycles and cars, and regularly participates in motorsport

events in the UAE and internationally. His adventurous spirit

even extends to driving a Lotus F1 car around the Hungary

circuit, reflecting the same dynamic energy he brings to his

leadership in aviation. From his early days in London to the

ambitious aviation projects in Dubai, he has consistently

demonstrated an ability to navigate complex challenges with

innovation, and strategic thinking. His journey from a young

organist to a global aviation leader is a remarkable testament

to adaptability, vision, and relentless pursuit of excellence.

56 www.thefinanceworld.com Dec 2024


Top 100 Expats

PATRICK

CHALHOUB

Group President

Chalhoub Group

HIGHLIGHTS

Year of Establishment:

1995

Nationality:

Syrian

Industry:

Retail & Luxury Goods

Awards & Recognition:

Enigma Achievement Award

for Excellence in the Luxury

Retail Industry - 2022

Patrick Chalhoub is the Group President of Chalhoub

Group, a pioneering luxury goods retailer and distributor

that has been shaping the Middle Eastern luxury

market for over six decades. Born in Damascus, Syria, and

now based in Dubai, Patrick has transformed his family’s

business into a regional powerhouse in luxury retail. Joining

the family business in 1979, Patrick was appointed co-chief

executive officer alongside his late brother Anthony in 2001.

Under their leadership, Chalhoub Group expanded from a

local enterprise to a pan-regional luxury retail giant with a

network of over 700 physical stores across the Middle East

and North Africa.

The group represents hundreds of global luxury brands,

including Versace, Jimmy Choo, Jacquemus, and several

LVMH brands. Patrick has strategically developed a portfolio

of eight owned brands, including the multi-brand accessories

boutique Level Shoes, luxury department store Tryano, and

Faces, a premium beauty chain with over 80 stores across

12 countries. Beyond business success, Patrick is a strong

advocate for sustainability and innovation. He plays a crucial

role in developing the Chalhoub Group’s sustainability strategy

through Chalhoub Impact and champions concepts like

servant leadership and reverse mentorship. His commitment

to supporting entrepreneurship is evident in his efforts to

help startups scale up.

His leadership extends to significant global and regional

boards. He serves as a board member of the UN Global

Compact, a Council Member of UAE’s Circular Economy,

and a board member of the Dubai Chamber of Commerce &

Industry. Patrick has been instrumental in establishing joint

ventures and acquisitions that have strengthened Chalhoub

Group’s position as a hybrid retailer. A notable achievement

includes the successful turnaround of the Christofle brand,

which is now owned by the group. Patrick’s approach emphasizes

embracing change, driving strategic growth, and

building long-term relationships in the luxury retail sector.

The Chalhoub Group’s innovative approach to blending

global trends with local sensibilities has cemented its reputation

as a pioneer in the Middle Eastern retail landscape.

By leveraging strategic partnerships and embracing digital

transformation, the group has expanded its influence across

countries. He is also a strong advocate of embracing change

to drive strategic growth and long term relationships. The

group’s commitment to sustainability and fostering regional

talent further underscores its role as a driving force in shaping

the future of luxury retail in the region.

Dec 2024 www.thefinanceworld.com 57


Top 100 Expats

CAPTAIN

PRADEEP SINGH

Chairman

Aethon Group

HIGHLIGHTS

Year of Establishment:

2010

Nationality:

Indian

Industry:

Shipping, Real Estate

and IT

Awards & Recognition:

AsiaOne Business

Excellence Award

Global Indian Maritime

Personality of the Year

Transitioning from an accomplished maritime career,

Captain Singh founded Aethon Group in 2010, rapidly

establishing a robust business model spanning shipping,

real estate, technology, and trading. The flagship company,

Aethon Marine Services, stands recognized globally as a

leading risk management company in the shipping sector.

Under his strategic leadership, the group has achieved

remarkable milestones, generating a consolidated annual

turnover exceeding USD 1 billion and employing over 1,000

professionals across more than 30 companies. Spectrum

Networks, another standout venture, delivers award-winning

professional IT training with a strong presence in the MEA and

APAC regions, further cementing Captain Singh’s reputation

for fostering innovation.

In 2013, he launched Karma Real Estate Development

Group, revolutionizing the UAE’s luxury real estate market.

By capitalizing on Dubai’s booming property sector, Karma

Developers achieved multi-billion-dirham success, extending

its footprint globally to Cyprus, the UK, Romania, India and

beyond. With an active project pipeline worth AED 7-8 billion

and over 5 million square feet of developed property, Karma

epitomizes his visionary approach to real estate.

In the shipping domain, Aethon Marine Services has emerged

as a global leader in risk management, which is distinguished by

strategic technological investments and adaptive capabilities.

The company has maintained leadership with an upgraded

risk management tool, by investing in custom-made software

and cutting-edge technology to maintain a competitive edge.

Academically, Captain Singh’s credentials reflect an unrelenting

pursuit of excellence. With an impressive portfolio

of advanced degrees—including an MSc from Northampton

University, an MBA from The University of Manchester, a PhD

from City University Malaysia, and an LLM from Northumbria

University, he combines intellectual rigour with practical

expertise. As a chartered accountant with qualifications from

CPA Australia, and CIMA UK and an alumnus of Harvard

Business School’s Owner President Management Program,

he exemplifies the pinnacle of continuous learning.

Beyond his business acumen, Captain Singh is a true

mentor and philanthropist. His dedication to education,

skill development, and community welfare uplifts countless

individuals. By nurturing young talent and inspiring future

leaders, he proves that success is not only about personal

achievements but also about empowering others to thrive.

His unwavering commitment to creating a positive impact

ensures his legacy extends far beyond the corporate world.

58 www.thefinanceworld.com Dec 2024


Top 100 Expats

PAVAN SHARMA

Founder, CEO and Managing Director

First Response Healthcare

With a career spanning over 25 years, Pavan Sharma

has been a catalyst for change in the healthcare

industry. As the Managing Director and CEO of

First Response Healthcare (FRH), he has been instrumental

in bringing cutting-edge healthcare solutions directly to

people home’s across the Middle East. His journey across

India, Africa, and the UAE reflects a global perspective that

transcends borders. Established in 2018, FRH has quickly

become a pioneering home healthcare provider in the Gulf

region, with over 200+ 5 star hotels across gulf region including

Kempinski, Armani, Rixos, Address, and corporates like

EMAAR, Nakheel, etc. What sets him apart is his focus on

meaningful change, bringing primary healthcare to patients’

homes and leveraging technology to enhance accessibility.

Driven by a global vision for high-quality, on-demand care,

he has revolutionized patient experiences by providing 24/7

at-home medical solutions for families.

With plans to expand across the GCC, and launch a groundbreaking

healthcare management mobile app, Sharma continues

to be at the forefront of healthcare innovation. Pavan Sharma

exemplifies visionary leadership by redefining healthcare.

RAJEN A. KILACHAND

Chairman and President

Dodsal Group

Rajen A. Kilachand, known as the ‘Pipeline King,’ built

his fortune through the Dodsal Group, a company with

a rich history of securing major infrastructure contracts

both in the UAE and internationally. Established in Mumbai

in 1948 by the Nandlal Kilachand family in partnership with

a British trading firm, Dodsal is now a Dubai-based multibillion-dollar

enterprise with 10,000 employees across the globe.

The group operates across various sectors, including energy,

industry, and infrastructure, and has completed projects in

over 22 countries spanning the Middle East, Europe, Africa,

India, and Southeast Asia.

In 2015, Dodsal made a significant natural gas discovery

in Tanzania, following an exploration agreement signed with

the Tanzanian government in 2007. The discovery in the Ruvu

Basin, located 50km from Dar Es Salaam, was hailed as Tanzania’s

largest onshore natural gas find, with the potential to

greatly enhance the country’s reserves.

The group also announced its plans to raise an additional

$300 million through bank talks to fund its gas exploration

and production ventures in Tanzania. Under Kilachand’s

leadership, Dodsal continues to evolve.

Dec 2024 www.thefinanceworld.com 59


Top 100 Expats

RAMESH RAMAKRISHNAN

Chairman

Transworld Group

As the Chairman of Transworld Group, Ramesh Ramakrishnan

has transformed a modest family enterprise

into a formidable 900-strong international corporation,

carrying forward a legacy that began with his father’s remarkable

determination. What makes Ramakrishnan’s journey

is his profound commitment to human empowerment and

societal development. Born into a family that understood

challenges intimately, Ramakrishnan drew inspiration from

his late father, and inherited a philosophy of quality, reliability,

and unwavering commitment to excellence. Headquartered

in Dubai, Transworld Group has become a pivotal player in

international trade, with diverse verticals ranging from ship

owning and management to digital supply chain solutions.

Ramakrishnan’s strategic vision has been instrumental in

positioning the company as a key facilitator of economic

growth in the UAE. By being one of the earliest movers in the

Jebel Ali Free Zone and working closely with DP World, he

has played a crucial role in supporting the region’s economic

diversification efforts. He continues to steer Transworld Group

towards innovative horizons, most recently venturing into

aviation with luxury passenger jets under the Airavat brand.

RAMY JALLAD

Group CEO

Ras Al Khaimah Economic Zone (RAKEZ)

With over two decades of leadership experience, Ramy

Jallad, the CEO of Ras Al Khaimah Economic Zone

(RAKEZ) has transformed the region into a key

global business hub. Under his visionary leadership, RAKEZ

has grown to support over 18,000 companies from more than

100 countries, spanning sectors like manufacturing, logistics,

and technology. His strategic focus has been on creating a

business-friendly environment that promotes sustainability,

innovation, and digital transformation, aligning with the UAE’s

long-term economic goals.

The zone’s rapid digitalization, including fully digitalized

services, has made it an ideal destination for both start-ups

and multinational corporations. RAKEZ offers competitive

advantages such as visa facilitation, co-working spaces, and

a prime location, enhancing its appeal to investors globally.

By fostering economic diversification, RAKEZ contributes

significantly to job creation and regional growth.

The leadership also emphasizes strong regional partnerships,

having secured collaborations with entities like Etihad Credit

Insurance, reinforcing the economic zone’s role in supporting

industrial and trade businesses.

60 www.thefinanceworld.com Dec 2024


Top 100 Expats

RENUKA

JAGTIANI

Chairperson and CEO

Landmark Group

HIGHLIGHTS

Year of Establishment:

1973

Nationality:

Indian

Industry:

Retail

Awards & Recognition:

Businesswoman of the Year

in 2012

Renuka Jagtiani, Chairwoman of Landmark Group, leads

one of the Middle East’s largest and most successful

retail empires, steering it through substantial growth

and transformation. Originally founded in 1973 by her late

husband, Micky Jagtiani, as a single children’s store in Bahrain,

Landmark Group has evolved into a multinational enterprise.

Headquartered in Dubai since 1990, it now operates over 2,200

stores across 21 countries, including the UAE, India, Africa,

and Southeast Asia, in industries ranging from fashion and

home goods to electronics and healthcare. With iconic brands

such as Max, Centrepoint, Home Centre, and Fitness First,

Landmark has become a regional leader in retail, valued for

its deep understanding of local consumer preferences and

market trends.

Under Jagtiani’s leadership, Landmark has embraced digital

transformation, with a focus on e-commerce growth and

enhanced logistics infrastructure. To meet the increasing

digital demand, she spearheaded the construction of the

state-of-the-art Mega Distribution Centre (Mega DC) in Jebel

Ali. Spanning 3.5 million square feet, this fully automated hub

employs advanced robotic systems to speed up and streamline

distribution, supporting both retail operations and third-party

logistics (3PL) services in sectors like electronics and FMCG.

This innovation ensures Landmark can adapt rapidly to market

needs, with logistics playing a pivotal role in the company’s

expansion strategy. Sustainability is a core value in her

leadership. She has integrated eco-friendly practices across

Landmark’s operations, from responsibly sourcing materials

to reducing waste and energy consumption. Notably, the Mega

DC features the region’s largest solar rooftop, significantly

reducing the facility’s environmental impact. Landmark is also

committed to achieving net-zero emissions by 2050 and has

introduced initiatives to eliminate single-use plastics, aiming

to set a new standard for environmental responsibility within

the industry. In addition to her business success, Jagtiani is

dedicated to social responsibility. Through the Jagtiani Foundation,

Landmark has contributed to health and education

projects across the UAE, GCC, and India. Her leadership is

also strengthened by the support of her three children, Aarti,

Nisha, and Rahul, who hold senior positions within the Group,

ensuring continued family leadership. Her forward-thinking

vision for Landmark Group underscores her significant influence

in the retail sector. Through ongoing innovation, expansion,

and community engagement, Renuka Jagtiani has cemented

Landmark’s position as a dynamic and responsible force in

both Middle Eastern and global retail markets.

Dec 2024 www.thefinanceworld.com 61


Top 100 Expats

RITA HUANG ZHEN

Founder and CEO

iMile Delivery

Founded in 2017 by Rita Huang

Zhen, iMile has emerged as a

leading force in Middle Eastern

e-commerce logistics, revolutionizing

last-mile delivery services. Headquartered

in Dubai, iMile quickly grew into a global

powerhouse, with operations in over 20

locations worldwide. Zhen’s professional

background encompasses technology and

supply chain management, complemented

by over 15 years of experience within

the logistics and e-commerce sectors.

Prior to establishing iMile, she occupied

senior positions in various logistics and

technology organizations. These roles

enabled her to cultivate a comprehensive

understanding of the challenges and

opportunities prevalent in the rapidly

evolving delivery market. At the core of

iMile’s success lies its advanced proprietary

technology, which has become a

game-changer in the logistics industry.

ROBBY THOMMY

Managing Director

Al Jazeera International Catering LLC

With over three decades of experience

in the food service and

hospitality industries, Robby

Thommy, the Managing Director of Al

Jazeera International Catering LLC, has

been pivotal in the company’s growth

and success. His career began in the culinary

arts, where he developed a strong

foundation before transitioning into

leadership roles. Under his direction, Al

Jazeera International Catering expanded

its services across multiple sectors, including

hospitality, corporate, and event

management, becoming a prominent name

in the UAE’s catering industry. Robby’s

expertise in operational efficiency, client

relationship management, and business

growth has helped the company solidify

its market position. His leadership philosophy

is centered around empowering

others to realize their potential, fostering

an environment of growth and success.

RITESH TILANI

Co-founder

Enhance Ventures

Founded by Ritesh Tilani in 2016,

Enhance Ventures is a prominent

venture studio in the MENA region,

focused on creating digital businesses

in sectors such as e-commerce, fintech,

and marketplaces. Tilani, with over

20 years of expertise in management

consulting, venture capital, and entrepreneurship,

has been instrumental in

the firm’s success. Enhance Ventures is

known for launching impactful startups

like Joi Gifts and equipping them with

resources, expertise, and capital to thrive

in competitive markets. Tilani’s vision

emphasizes fostering entrepreneurship

and innovation to drive sustainable growth

in the region. With plans to explore AI

and blockchain technologies, Enhance

Ventures is shaping the future of digital

transformation and business scalability

in MENA.

62 www.thefinanceworld.com Dec 2024


Top 100 Expats

ROSS VEITCH

CEO and Co-Founder

WEGO

As CEO and Co-Founder of Wego, Ross Veitch has built

a technological platform that simplifies travel booking

for millions across the MENA region, connecting users

with hundreds of airlines, hotels, and online travel agencies

through top-ranked mobile apps and websites.

His journey to tech innovation wasn’t a straight path. Before

founding Wego, Veitch was a veteran of the Asian internet

industry, establishing Yahoo!’s Southeast Asian operations in

Singapore in 1998 and leading regional product development

for over six years. His early corporate experience at Deutsche

Bank in London and Tourism Australia in Sydney provided

a unique foundation for his entrepreneurial future. Wego

stands as a testament to Veitch’s strategic vision. Backed by

heavyweight investors including Tiger Global, Crescent Group,

Square Peg Capital, MEVP, and the MBC Group, the company

has dual headquarters in Singapore and Dubai—reflecting

Veitch’s global approach to business. Beyond building Wego,

Ross has established himself as a passionate supporter of the

startup ecosystem. For more than a decade, he has been an

angel investor and advisor, working closely with entrepreneurs

and helping to nurture innovative tech ventures.

RONALDO MOUCHAWAR

Founder and CEO

Souq.com

Starting Souq.com in 2005, Ronaldo Mouchawar revolutionised

the e-commerce landscape in the Middle East,

creating the largest online shopping platform in the

region. Through innovative strategies, like cash-on-delivery

and local delivery systems, Souq.com catered to the unique

needs of Middle Eastern consumers. Under Mouchawar’s

leadership, Souq.com attracted millions of users, eventually

leading to its acquisition by Amazon in 2017 for $580 million,

a landmark deal in the Arab tech industry.

Mouchawar’s background in engineering and business gave

him the foundation to understand the region’s potential for

digital transformation. His entrepreneurial spirit and commitment

to localizing technology empowered many businesses

and created economic opportunities across the Middle East.

Beyond Souq.com, Mouchawar has been a passionate advocate

for entrepreneurship, helping startups and championing the

role of technology in fostering economic growth. His focus

on bridging the gap between traditional business models and

emerging technologies has driven many regional enterprises

to innovate and scale. He continues to mentor the next generation

of leaders.

Dec 2024 www.thefinanceworld.com 63


Top 100 Expats

RUSSELL MEHTA

Chairman and Managing Director of Rosy Blue

Rosy Blue

Russell Mehta is a seasoned diamond

industry professional serving as

the managing director of Rosy

Blue (India) Pvt. Ltd., where he oversees

all group companies in India after

more than three decades of experience.

Beyond his corporate leadership, Mehta

is deeply involved in philanthropic work,

holding board and trustee positions with

several organizations including the Rosy

Blue Foundation, Vidyamandir Trust, and

Banaskantha District Kelavani Mandal.

Professionally, Russell is actively

engaged in industry leadership roles,

being a member of the Young Presidents’

Organization, the Bharat Diamond Bourse

Management Committee, and holding the

position of vice chairman at the Gem and

Jewellery Export Promotion Council. His

academic credentials include a commerce

degree from the University of Mumbai

and a specialized diploma in diamonds.

SAMER ABU LTAIF

President

Microsoft Middle East and Africa

Samer Abu Ltaif, previously the President

of Microsoft Middle East and

Africa (MEA), led the tech giant’s

operations across one of its most rapidly

growing and diverse regions. Managing a

team of 3,000 employees across 40 offices

in 79 countries spanning three continents,

Samer oversaw a dynamic ecosystem of

over 21,000 partners. As he transitions

into his new role as President of Central

and Eastern Europe, Middle East, and

Africa (CEMA), Samer will expand his

responsibility to include 33 European

countries, bringing his leadership to a

broader global stage.

Samer joined Microsoft in 2004 and

has held various senior positions within

the company. Most recently, he was

the General Manager of Microsoft Gulf,

leading initiatives aimed at enhancing

government innovation, modernizing

education, and stimulating SME growth.

SAHAR COOPER

Chief Executive Officer

Aldar Education

Sahar Cooper is a seasoned education

leader who has made a significant

mark in the UAE’s educational

landscape. As the Chief Executive Officer

of Aldar Education, she brings a

wealth of experience spanning over 25

years in school leadership and global

education management. Taking the

reins in October 2018, Sahar has been

instrumental in guiding the organisation

through an exciting phase of growth and

transformation.

Her professional journey is a testament

to her deep commitment to education.

With 19 years of senior leadership roles

in the UAE, Sahar has built an impressive

career that includes pivotal positions

at GEMS Education and the American

University of Sharjah. With her strategic

mindset and dedication, Sahar continues

to shape the future of education in Abu

Dhabi and beyond.

64 www.thefinanceworld.com Dec 2024


Top 100 Expats

SAMEH MUHTADI

CEO

RAK Properties

With a career spanning over three decades, Sameh Muhtadi

has established himself as a transformative leader in

the real estate sector. As CEO of RAK Properties, he

has significantly influenced the company’s growth trajectory,

leading it through numerous landmark developments in Ras

Al Khaimah, UAE. Muhtadi’s extensive background includes

senior roles at well-known organizations such as Arabtec

Construction and The Morgan Stanley-Orascom Infrastructure

Fund, giving him deep expertise in managing large-scale

projects and fostering innovation in the real estate market.

Muhtadi has been instrumental in advancing RAK Properties’

mission to develop sustainable and iconic communities.

Under his leadership, the company has embarked on ambitious

projects such as Mina Al Arab, a high-end, master-planned

community offering luxury residences, hotels, and leisure

facilities set against picturesque waterfront views. His focus

on blending local knowledge with international standards has

helped position RAK Properties as a key player in the UAE’s

competitive real estate market.

Guiding RAK Properties towards Ras Al Khaimah’s Vision,

Muhtadi prioritizes innovation and environmental sustainability.

SANTOSH VARGHESE

Vice President

Toshiba Gulf FZE

As Vice President of Toshiba Gulf FZE, Santosh Varghese

has successfully driven business growth and expansion

across the Middle East, Africa, and South Asia. With

over two decades of experience in business development

and operations management, he has significantly contributed

to Toshiba’s leadership in energy, infrastructure, and digital

solutions. Under his strategic direction, Toshiba has enhanced

its market share and revenue, particularly in smart solutions,

power systems, and energy efficiency.

Santosh’s prior roles in various multinational corporations

helped him hone his expertise in integrating technology and

sustainable solutions. He has been recognized for his forward-thinking

approach, fostering innovation and efficiency.

His leadership vision emphasizes sustainability, collaboration,

and empowering clients with cutting-edge solutions.

Santosh is committed to expanding Toshiba’s presence while

upholding its environmental and technological values. Under

his guidance, the company’s financial position has continued

to strengthen, positioning it for long-term success in a rapidly

evolving market. Through his leadership, Toshiba Gulf FZE

is set to continue advancing in its operations.

Dec 2024 www.thefinanceworld.com 65


Top 100 Expats

SCOTT MACFARLANE

Co-Founder and Chief Commerical Officer

The Twedex Group

Scott Macfarlane is the Co-founder and Chief Commercial

Officer of the Twedex Group. With a remarkable 15-year

journey through the intersections of education, travel,

and sports, Macfarlane has consistently demonstrated an

uncanny ability to anticipate and shape emerging trends.

His strategic acumen has been the driving force behind the

remarkable growth of Trans World Educational Experiences

and the World School Games, transforming them from ambitious

concepts into globally recognized platforms.

The World School Games stands as a testament to Macfarlane’s

innovative approach. What began as a bold initiative

has grown into a significant international platform where

young athletes from diverse backgrounds come together

to compete, collaborate, and forge lifelong friendships. His

strategic vision has attracted schools, athletes, and sponsors

from across the globe, turning the Games into a truly international

phenomenon. Macfarlane’s approach goes beyond mere

commercial success. He views each educational experience as

an opportunity to inspire and empower the next generation.

Looking to the future, he sees continued global expansion as

a mission to broaden students’ horizons.

SHAMLAL AHAMED

MD - International Operations

Malabar Gold & Diamonds

A

computer science graduate who traded coding for

carats, Shamlal Ahamed transformed a small family

business into a global jewellery empire that now spans

12 countries and boasts over 330 outlets.

The roots of Malabar Gold & Diamonds trace back to 1993,

when Shamlal’s father, MP Ahamed, a former spice farmer,

invested everything he had into establishing a small jewellery

store in Kozhikode, Kerala. With just eight employees and an

unwavering commitment to quality, the business began its

remarkable journey. Shamlal’s entry into the family business

wasn’t a calculated career move, but a natural progression.

Having grown up accompanying his father to showrooms and

workshops, he seamlessly transitioned into the jewellery trade.

Today, Malabar Gold & Diamonds stands as a testament to

his resilience and strategic vision. The company has expanded

to 14 manufacturing units across India and the GCC, offering

12 exclusive jewellery brands. From Singapore to Malaysia,

and with plans to enter Hong Kong, Indonesia, the US, and

the UK, the company continues to grow. From a small family

store in Kerala to a global retail powerhouse, his journey

demonstrates that success is about building trust, valuing

people, and continuously adapting to new challenges.

66 www.thefinanceworld.com Dec 2024


Top 100 Expats

SHAYNE KEITH NELSON

Group CEO

Emirates NBD Bank

Shayne Nelson stands at the helm of

Emirates NBD, one of the Middle

East’s most prominent banking

institutions, leading a global workforce

of 25,000 people across 13 countries and

serving over 14 million customers. Born

and raised in Melbourne, Australia, Nelson’s

journey in international banking is

marked by strategic leadership and transformative

achievements. Nelson played

a pivotal role in the bank’s international

expansion, including strategic moves like

signing memorandums of understanding

with Israeli banks following regional

diplomatic normalization. The bank now

operates 879 branches and 4,130 ATMs

across multiple countries, including the

UAE, Egypt, India, Turkey, and several

European nations. Beyond numbers and

strategies, he represents a modern banking

leader who understands the intersection

of technology, and financial services

SELIM KERVANCI

Chief Executive Officer

HSBC MENA

Selim Kervanci is set to become the

CEO for the Middle East, pending

regulatory approval, and will report

to the Co-CEOs of Asia and the Middle

East. Kervanci brings extensive regional

experience, having been on the MENAT

Executive Committee for over a decade

and currently serving as CEO of HSBC

Türkiye. Selim has worked in regional

roles for a number of years, has been on

the MENAT ExCo for more than 10 and

is currently CEO of HSBC Türkiye. He

joined HSBC in 1996 and has extensive

knowledge and experience across a

broad range of areas including driving

transformation, growing businesses,

and delivering financial performance in

volatile markets. Over the past 28 years,

he has built wide-ranging connections

with clients, officials, and regulators

across the Middle East.

SOHAN ROY

Chairman and CEO

Aries Group

Sohan Roy founded Aries Group

in 1998, with Aries Marine as its

flagship, and has since expanded

the conglomerate’s reach across 25

countries with 66 companies. Over the

past 26 years, the group has completed

more than 85,000 projects, working with

over 8,200 national and international clients.

To commemorate its silver jubilee,

the Sharjah-based firm distributed Dhs

13.4 million to employees. The group is

also known for its extensive corporate

social responsibility initiatives, including

pensions for employees’ parents, salaries

for unemployed spouses, housing for

senior staff, and education allowances

for employees’ children. Outside of

business, Roy is a published poet and

author, having written five books and

shared daily four-line poems on social

media for five years.

Dec 2024 www.thefinanceworld.com 67


Top 100 Expats

SHAISTA

ASIF

Co-Founder and Group Chief Executive Officer

PureHealth

HIGHLIGHTS

Year of Establishment:

2006

Nationality:

Pakistani

Industry:

Healthcare

Awards & Recognition:

100 Most Powerful

Businesswomen

Where technology meets compassion, Shaista Asif

stands as a transformative force reshaping the

healthcare landscape. As the Co-Founder and Group

Chief Operating Officer of PureHealth, she represents a new

generation of leaders who understand that innovation is not

just about technological advancement, but about creating

meaningful human impact.

Asif’s leadership journey is marked by bold, strategic

initiatives that transcend traditional business boundaries.

Under her guidance, PureHealth has become a beacon of

sustainable innovation, joining the United Nations-backed

Race to Zero initiative and boldly pledging to achieve Net Zero

emissions by 2040. This commitment reflects her profound

understanding that corporate success is intrinsically linked

to environmental responsibility.

Her technological vision has been particularly groundbreaking.

Spearheading AI-driven healthcare solutions,

Asif launched Pura, the region’s first AI-backed healthcare

companion app, demonstrating how cutting-edge technology

can be leveraged to enhance human health and longevity. The

launch of PureNet, a dedicated healthcare cloud platform,

further solidified PureHealth’s position at the forefront of

digital health transformation.

Beyond technological innovation, Asif is a passionate advocate

for women’s empowerment. Her commitment to gender

equality is evident in her organization of the Remarkable

Emirati Women Summit, which brought together over 500

female leaders and senior government officials under the

patronage of Her Highness Sheikha Fatima Bint Mubarak.

Through the Emirati Women Chapter, a mentorship initiative,

she actively works to inspire and support the next generation

of female leaders.

The recent leadership restructure, which positions her

for an expanded role ahead of PureHealth’s Initial Public

Offering, is a testament to her strategic acumen and leadership

potential. Her journey exemplifies a holistic approach

to leadership—one that balances technological innovation,

environmental sustainability, and social empowerment.

Shaista Asif represents more than a corporate executive;

she is a visionary who understands that true leadership is

about creating ecosystems of positive change, where technology,

sustainability, and human potential converge to drive

meaningful progress.

Her journey exemplifies how visionary leadership can

transcend boundaries, fostering innovation and empowering

communities to shape a sustainable future.

68 www.thefinanceworld.com Dec 2024


Top 100 Expats

SUNIL VASWANI

Group Chairman

Stallion Group

With a net worth of $7.48 billion, Sunil Vaswani is a

leading Indian business figure in the Gulf. Born in

Jaipur and based in Dubai, he has built Stallion Group

into one of the largest conglomerates in sub-Saharan Africa

since its founding in 1969. Raised in Nigeria, Vaswani is one

of Africa’s biggest investors and a strong advocate for the

continent’s growth potential. His investments in Africa have

made him the wealthiest Indian in the GCC, with his influence

expected to rise as GCC countries increasingly target Africa

as the next mega-market.

The group’s major operations are concentrated in West Africa,

particularly Nigeria, where it owns cold storage facilities,

automobile distribution plants, and showrooms. It manages

international automotive brands such as Honda, Hyundai,

Porsche, Volkswagen, Audi, Skoda, Mahindra, and Ashok

Leyland, along with products like rice and building materials.

Stallion Group is also involved in rice milling, plastics, vehicle

assembly, shipping, and transportation.

Despite challenges, Vaswani remains confident about the

region’s future. He is advancing plans to create a specialist

investment company to further expand the group’s operations.

SURENDER S. KANDHARI

Chairman and Founder

Al Dobowi Group

Surender Singh Kandhari’s entrepreneurial journey began

in 1975 when he arrived in Dubai on a brief exploratory

visit, later returning to establish Al Dobowi Group in

Deira, marking the start of a thriving business venture. The

name “Al Dobowi,” meaning “the man from Dubai” in Arabic,

was granted to him by the Dubai Municipality.

From its humble beginnings, Al Dobowi Group has expanded

its operations across all areas of tyre management, from

research and design to manufacturing, distribution, and retail.

The company has become one of the largest tyre distributors

in the world, in part due to strategic partnerships with global

tyre brands. In addition to tyres, Al Dobowi has diversified

into batteries, lubricants, conveyor belt systems, and technical

rubber products, and it is the exclusive distributor of Pirelli

and Bergougnan tyres in the region.

Kandhari’s business success extended to West Africa, where

he launched Infinity Tyres, and he has played a pivotal role in

the region’s booming tyre market, projected to reach $3.6 billion

by 2021. His philanthropic contributions are also notable,

including a $20 million donation for the creation of the first

official Sikh Gurudwara in the Middle East in Jebel Ali, Dubai.

Dec 2024 www.thefinanceworld.com 69


Top 100 Expats

SHAMSHEER

VAYALIL

Founder and Chairman

Burjeel Holdings

HIGHLIGHTS

Year of Establishment:

2007

Nationality:

Indian

Industry:

Healthcare

Awards & Recognition:

Sheikh Hamdan Bin Zayed Award

for Humanitarian Aid 2017

As a visionary leader, Dr. Shamsheer Vayalil has fundamentally

reshaped the healthcare landscape in

the Gulf Cooperation Council (GCC) region through

strategic innovation, entrepreneurial prowess, and a deep

commitment to transformative healthcare delivery. Since

founding his first hospital in Abu Dhabi in 2007, Dr. Vayalil has

masterfully orchestrated the growth of Burjeel Holdings from

a single medical facility into a comprehensive, multi-faceted

healthcare powerhouse that now spans multiple countries and

encompasses a diverse range of medical services. His journey

represents more than just business expansion; it is a testament

to his profound understanding of healthcare’s evolving needs

and his ability to create integrated, patient-centred solutions

that address complex medical challenges.

As a medical doctor turned strategic entrepreneur, Dr. Vayalil

has demonstrated an exceptional ability to balance clinical

expertise with bold business vision. He has systematically built

a robust healthcare network that includes hospitals, medical

centres, homecare services, occupational health programs,

and retail pharmacies under renowned brands like Burjeel,

BMC, Medeor, LLH, Lifecare, Tajmeel, and PhysioTherabia.

His strategic acumen is perhaps most visibly demonstrated

by successfully listing two companies on the Abu Dhabi

Securities Exchange, a move that not only validates his

business model but also signals his unwavering confidence

in the UAE’s economic potential and future.

Beyond his remarkable business achievements, he is deeply

committed to social impact and philanthropy. Rooted in the

values instilled during his upbringing in Kozhikode, India, he

views healthcare as more than a commercial enterprise—it

is a platform for community development and social transformation.

His philanthropic initiatives focus on expanding

healthcare access, supporting educational opportunities, and

nurturing the next generation of global entrepreneurs. As a

respected figure on several healthcare and industry boards,

including the UAE Medical Council, he continually works to

elevate healthcare standards and create opportunities for

innovation.

The scale of Dr. Vayalil’s impact is evident in Burjeel

Holdings’ impressive network of 89 assets across the UAE,

Oman, and Saudi Arabia, which includes 19 hospitals, 47

medical centres, and 15 pharmacies. With global expansion

initiatives like the Burjeel Institute for Global Health in the

US and strategic collaborations such as exploring investment

opportunities in Saudi Arabia, and a commitment to advancing

healthcare innovation, he continues to push the boundaries.

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SUNNY

VARKEY

Founder and Chairperson

GEMS Education

HIGHLIGHTS

Year of Establishment:

1959

Nationality:

Indian

Industry:

Education

Awards & Recognition:

Padmashri Award 2009

In the world of global education, few stories are as compelling

as that of Sunny Varkey—a visionary who transformed the

landscape of learning from the ground up. Born in 1957 in

Ranni, Kerala, to Syrian-Christian educators, Varkey’s journey

from a young boy selling fruit on the roadside to becoming

a transformative force in international education is nothing

short of inspirational. His story begins with his parents’ migration

to Dubai in 1959, a time when the emirate was still a

developing frontier, bringing with them a passion for teaching

and a belief in the power of education.

From humble beginnings, Varkey’s entrepreneurial spirit

revealed itself early. At eleven, he was selling fruit by the

roadside; by his twenties, he was exploring diverse business

avenues from banking to trading. However, his true calling

emerged in 1980 when he took over his parents’ small school

in Dubai—a decision that would dramatically reshape international

education. Recognizing the critical need for quality

education among expatriate communities, Varkey began

creating schools that transcended traditional boundaries,

offering diverse international curricula and providing educational

opportunities for children who might otherwise be

marginalized.

The launch of GEMS Education in 2000 was a watershed

moment. What began as a modest educational venture rapidly

transformed into the world’s largest K-12 private education

provider, spanning over 250 schools across 13 countries. But for

Varkey, education was never merely a business proposition—it

was a profound social calling. The establishment of the Varkey

Foundation in 2010 crystallized this commitment, with

an audacious goal of positively impacting 100 impoverished

children for every student enrolled in a GEMS school.

His philanthropic vision reached new heights in 2015 when

he became the first education entrepreneur to join The Giving

Pledge, promising to donate at least half his wealth to charitable

causes. Recognized as a UNESCO Goodwill Ambassador,

Varkey demonstrated that entrepreneurial success and social

responsibility are not mutually exclusive, but fundamentally

interconnected.

Today, with his sons Dino and Jay continuing his legacy at

GEMS Education, Sunny Varkey’s journey stands as a powerful

testament to the potential of visionary thinking. From

a family of educators to a global educational powerhouse,

his story illuminates how individual determination, coupled

with a genuine commitment to societal transformation, can

reshape the future—one student at a time. His impact resonates

globally, inspiring generations to pursue excellence.

Dec 2024 www.thefinanceworld.com 71


Top 100 Expats

SIR TIM

CLARK

President

Emirates Airlines

HIGHLIGHTS

Year of Establishment:

1985

Nationality:

British

Industry:

Aviation

Awards & Recognition:

CAPA Airline Executive of

the Year - 2022

Sir Timothy Clark has played a pivotal role in transforming

Emirates from a modest two-aircraft operation into one

of the world’s most influential international airlines,

combining strategic vision with steadfast leadership. His

remarkable journey began in 1985 when he joined Emirates

as Head of Airline Planning, quickly becoming the driving

force behind the airline’s extraordinary global expansion.

Under his guidance, Emirates evolved from a regional carrier

into a global powerhouse, now serving 130 cities across six

continents and revolutionizing international air travel.

He attended Kent College, Canterbury, and is a fellow of

the Royal Aeronautical Society. Clark is also an economics

graduate from the University of London. Before joining

Emirates, Clark’s career in aviation included significant roles

at British Caledonian and Gulf Air, experiences that laid the

groundwork for his future success. However, it was in Dubai

that he truly made his mark, becoming an essential part of

the airline’s founding team and shaping its future trajectory.

His career is a masterclass in strategic planning and visionary

leadership, transforming Emirates from a small operation

into a global aviation leader that has consistently redefined

industry standards.

Clark’s impact goes beyond business metrics. As Chairman

of the Emirates Airline Foundation, he has shown a deep

commitment to social responsibility, focusing on supporting

children worldwide. This philanthropic work reflects his

belief that corporate success should go hand-in-hand with

meaningful societal contribution. His dedication to social

causes adds depth to his legacy, highlighting that his vision

extends far beyond the airline industry.

Clark’s contributions to aviation have been widely recognized,

with numerous prestigious awards. His leadership

combines strategic brilliance, operational expertise, and a

forward-thinking approach, not only transforming Emirates

but also influencing the broader aviation landscape. Now in

his mid-70s, Clark remains a dynamic and influential figure

in aviation.

From his early days in airline planning to becoming the

architect of one of the world’s most respected airlines, Clark

has consistently demonstrated an ability to anticipate industry

trends, take calculated risks, and turn ambitious visions into

reality. As he continues to guide Emirates into the future, his

legacy serves as an inspiration to aspiring leaders in aviation

and beyond, proving that with strategic thinking, determination,

and a holistic approach to business and social responsibility,

extraordinary achievements are possible.

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THIERRY SABBAGH

Divisional Vice President M&S President Middle East, KSA, CIS

Nissan Motors and INFINITI

Nissan appointed Thierry Sabbagh

as President of Nissan Saudi

Arabia on April 1, 2022, while

retaining his role as Managing Director

of Nissan Middle East. With over 20 years

of experience in sales, marketing, and

business development across MENA,

Sabbagh joined Nissan in 2018 as Director

of Sales, leading performance across

Gulf, Levant, and North Africa markets.

Promoted to Managing Director in 2019,

he has driven operational excellence and

achieved Nissan NEXT transformation

goals, fostering sustainable growth and

honoring the brand’s 70-year heritage

in the Middle East. Sabbagh holds a

Business/Hotel Management degree

from the University of West London and

a Leadership with Finance certification

from Harvard.

TOM HARVEY

General Manager - Commercial

Spinneys Dubai LLC

With a robust background in the

supermarket sector, Harvey

transitioned from the UK to the

UAE in 2017, joining Spinneys’ commercial

team. Since then, he has been a key driver

of strategic initiatives that support local

entrepreneurship and business growth.

In 2020, Harvey spearheaded the

Spinneys Local Business Incubator Programme

launch, directly aligning with the

UAE’s vision to become a global hub for

entrepreneurs. This innovative program

identifies and supports emerging local

food brands, providing them with a fast

track to market and essential resources

for growth. Overseeing a global team

across four continents, Harvey manages

product sourcing for Spinneys stores

in the UAE, Oman, and Saudi Arabia.

His leadership ensures the availability

of high-quality products and drives the

company’s commercial strategies.

THOMAS LUNDGREN

Founder & CEO

THE One

Founded by Thomas Lundgren in

1996, THE One revolutionized the

Middle Eastern home furnishings

market with its direct-to-consumer

model, offering stylish, functional, and

affordable furniture with a focus on

sustainability. Lundgren, inspired by his

experience at IKEA, aimed to create a

store that broke away from traditional

retail norms. After relocating to Dubai,

Lundgren faced significant challenges,

including securing funding, but overcame

them to open the first store in Abu Dhabi.

THE One quickly grew into one of the

region’s largest home furnishing chains

with over 20 stores across the Middle East

and North Africa. Lundgren’s innovative

leadership and commitment to customer

satisfaction have played a key role in

the company’s success and expansion.

Dec 2024 www.thefinanceworld.com 73


Top 100 Expats

DR. THUMBAY

MOIDEEN

President

Thumbay Group

HIGHLIGHTS

Year of Establishment:

1997

Nationality:

Indian

Industry:

Diversified

Awards & Recognition:

Top 100 Indian Leaders in

the UAE - 2016

Dr. Thumbay Moideen is a businessman who turned a

simple start into something remarkable. Born in Mangalore,

India, he took over his family’s business when

he was just 21 years old. His big break came when he moved

to the United Arab Emirates. His eyes were set on international

markets, and the UAE caught his attention because of

its incredible growth and business-friendly environment. A

random transit through Dubai would change his life forever.

During a brief stopover, he met Ajman’s ruling family

member and started a conversation about economic development.

Moideen shared a story about an Indian town that had

transformed into a medical hub, suggesting that a medical

school could bring great opportunities to Ajman.

A few days later, Moideen was unexpectedly invited to

meet the Ruler of Ajman. When asked about his experience

in running a medical school, he candidly admitted knowing

more about timber and real estate, with his family owning

only a hospital and some educational institutions in India.

Impressed by his honesty, the ruler challenged him to build

a medical school.

Though hesitant, Moideen consulted top university experts

and conducted a thorough study, uncovering significant potential

for a medical university in Ajman. With government

support, he secured a royal decree to own an educational

institution and land for the college.

In January 1998, Gulf Medical College was established,

evolving into Gulf Medical University (GMU) a decade later.

Now one of the UAE’s top medical universities, GMU attracts

students from over 75 nationalities with its unique learning

approach. Moideen’s healthcare journey began when he built

Thumbay Hospital in Ajman in 2002 to train medical students.

This expanded into a network of four academic hospitals in

the UAE and one in India, treating patients from 175 countries

with staff from 22 nations speaking over 50 languages.

The Thumbay Group now operates in 20 different sectors.

Beyond hospitals and universities, the group has businesses

in diagnostics, medical tourism, wellness, hospitality, retail,

publishing, real estate, technology, and media. Some of their

brands include Thumbay Labs, Thumbay Pharmacy, Body &

Soul Health Club, and even a restaurant and coffee shop.

From a young man managing his family’s timber business

to a global business leader, Dr. Thumbay Moideen shows

that with vision, hard work, and the courage to take chances,

remarkable things are possible. His journey reflects an unwavering

commitment to excellence and innovation, inspiring

countless entrepreneurs worldwide.

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YOGESH BULCHANDANI

Founder & Chief Executive Officer

Sunrise Capital Real Estate

After graduating from Bentley University in 2013 with a

Bachelor of Science in Entrepreneurship and Finance,

Yogesh Bulchandani brought a unique blend of academic

rigour and entrepreneurial spirit to the UAE’s thriving property

market. His journey in real estate began with a strategic entry

into Sunrise Transcon, where he astutely identified market

opportunities that later became the foundation of his ventures.

In 2017, he established Sky Capital Group, a real estate

investment firm, which was followed by the launch of Sunrise

Capital Real Estate in 2022 – a company that would quickly

distinguish itself in Dubai’s competitive development landscape.

Bulchandani’s first major project, Legend by Sunrise,

was a statement of his innovative approach, featuring unique

spaces and awe-inspiring vertical gardens that set new standards

for urban living. As a hands-on leader, Bulchandani is

deeply involved in every aspect of the business. Each project

of Sunrise Capital is strategically located, offering not

just luxurious living spaces, but a holistic experience that

integrates advanced technologies and sustainable practices.

With ambitious goals to establish Sunrise Capital as the most

trusted name in the industry, he continues to push boundaries.

YASSER ABDULMALAK

Chairman and Chief Executive Officer

Nestlé MENA

Since assuming the role of Chairman and CEO of Nestlé

MENA in January 2022, Yasser Abdulmalak has orchestrated

a remarkable expansion that goes far beyond traditional

corporate leadership. His vision extends well beyond balance

sheets, aligning closely with regional economic development

strategies like Saudi Arabia’s Vision 2030.

Under his leadership, Nestlé Middle East has become a

powerhouse, employing over 13,000 people across 19 countries

and operating 24 factories. Malak’s career trajectory within

Nestlé is a testament to his strategic acumen. From leading

Nestlé Türkiye to managing the North East Africa region

and serving as Dairy Category Head in Switzerland, he has

cultivated a deep understanding of regional market dynamics.

The appointment to the Dubai International Chamber’s

board of directors in July 2023 further underscores Malak’s

significance in the regional business ecosystem. His leadership

has been particularly notable in driving growth, with Nestlé

MENA reporting near double-digit expansion in early 2022,

driven by a strategic focus on affordable products in Central

and West Africa. His journey with Nestlé is a blueprint for

strategic leadership in the modern business landscape.

Dec 2024 www.thefinanceworld.com 75


Top 100 Expats

YUSUFF

ALI M.A.

Chairman & Managing Director

Lulu Group

HIGHLIGHTS

Year of Establishment:

1995

Nationality:

Indian

Industry:

Hypermarkets and Retail

Awards & Recognition:

Top Civilian Honour by His

Highness Sheikh Mohamed

bin Zayed Al Nahyan

From Village Dreams to Global Retail Empire: The Extraordinary

Journey of Yusuff Ali

In the vibrant landscape of global business, few

stories are as inspiring as that of Yusuff Ali, the visionary

entrepreneur who transformed a small trading business into a

multinational retail powerhouse. Born on November 15, 1955,

in the modest village of Nattika in Kerala’s Thrissur district,

Ali’s journey is a remarkable tale of determination, strategic

thinking, and entrepreneurial brilliance.

The Humble Beginnings

Raised in a simple rural setting, Ali learned the fundamentals

of trade from his father, who ran a small local business. These

early lessons would become the foundation of his future success.

In 1973, at just 18 years old, he made a pivotal decision that

would change the trajectory of his life – moving to Abu Dhabi

to work with his paternal uncle in a small trading business.

In 1995, Ali founded LuLu Group International, initially

concentrating on trading and supplying goods across the

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Gulf region. His entrepreneurial journey

took a significant leap forward when he

expanded into the large-format retail

market, opening the first Lulu Hypermarket

in Abu Dhabi. This strategic

move revolutionized the Middle Eastern

retail sector, offering a wide range of

affordable daily-use products that catered

specifically to Gulf residents. By

2000, the group had rapidly expanded

across GCC countries, establishing supermarkets

in Dubai, Kuwait, Bahrain,

Oman, Yemen, Qatar, and Saudi Arabia.

Ali’s business acumen and passion for

quality customer satisfaction propelled

LuLu Group to unprecedented heights.

Today, LuLu Group International stands

as a global retail giant.

With an annual

turnover of US$8.4

billion, the group

employs over 65,000

people from 42

different nationalities.

The company operates more than 250

hypermarkets and shopping malls across

24 countries, sourcing products from 85

different countries.

Ali’s business vision extends far beyond

retail. The LuLu Group has diversified

into multiple sectors, including food

processing, hospitality, and real estate.

The group’s operations now span three

continents, with a presence in major

Middle Eastern and African countries,

including UAE, Oman, Qatar, Kuwait,

Yemen, Saudi Arabia, Bahrain, Egypt,

and Kenya. In India, the group has made

significant investments, including the

LuLu International Shopping Mall in

Kochi, which is currently the largest

shopping mall in the country. The group

has also expanded into other Indian cities,

including Bengaluru, Thiruvananthapuram,

Lucknow, Hyderabad, Palakkad,

and Coimbatore.

Beyond business success, Ali is equally

renowned for his philanthropic contributions.

Through the Yusuff Ali Foundation,

he has been actively supporting social

causes in education, disaster relief, and

healthcare across the UAE, India, and

other parts of the globe.

Some of his notable philanthropic

efforts include

• Joining hands with Dubai Cares to

adopt schools in Gaza and Nepal

• Establishing a multi-faith funeral center

for the Indian community in Sharjah

• Promoting products grown by special

needs communities in the UAE

• Significant contributions to disaster

relief efforts, including donations for

Gujarat earthquake, Tsunami relief,

and Kerala flood victims

The company recently achieved a

significant milestone with its initial

public offering (IPO) on the Abu Dhabi

Securities Exchange (ADX), marking

the exchange’s 100th listing. The IPO

was a massive success, with 82,000 retail

investors subscribing to the shares,

demonstrating the public’s trust in the

LuLu brand. The listing is expected to

propel Yusuff Ali’s net worth to $7.6

billion, a substantial increase from $5.3

billion in 2023.

Married and a father of three daughters,

Ali lives in Abu Dhabi. His family

has integrated into the business world,

with his daughters married to successful

entrepreneurs and businesspeople. His

leadership style is characterized by a

strong work ethic, strategic vision, and

a commitment to quality and customer

satisfaction.

A Visionary’s Legacy

Yusuff Ali represents more than just a

business success story. He embodies the

spirit of entrepreneurship, demonstrating

how vision, hard work, and strategic

thinking can transform modest beginnings

into a global enterprise. From a

small village in Kerala to the helm of an

international retail conglomerate, his

journey is a powerful narrative of ambition,

resilience, and the transformative power

of entrepreneurship. As he reflects on his

journey, Ali continues to express gratitude

to the UAE’s leadership, particularly the

late Sheikh Zayed bin Sultan Al Nahyan

and current President Sheikh Mohamed

bin Zayed Al Nahyan, crediting them for

creating an environment that allowed

entrepreneurs like him to thrive.

From a small trading center in 1974

to a global retail empire, Yusuff Ali’s

story is a remarkable testament to the

power of dreams, determination, and

strategic vision.

About Lulu Group

Lulu Retail is the largest full-line retailer

across the Gulf Cooperation Council (GCC)

region, distinguished by its impressive

market leadership in selling space, sales

volume, and store network. The organization

has strategically positioned itself as

a comprehensive retail solution provider

with a robust omnichannel presence that

spans both traditional brick-and-mortar

stores and cutting-edge digital platforms.

The company’s operational footprint

is extensive, featuring a network of 241

stores across 6 GCC countries. This

diverse store portfolio includes 116

Hypermarkets, 102 Express Stores, and

22 Mini Markets, providing customers

with convenient shopping options tailored

to various needs and preferences.

Complementing its physical presence,

Lulu Retail offers a sophisticated e-commerce

experience through its proprietary

web and mobile applications, as well

as strategic partnerships with leading

platforms like Amazon, HungerStation,

Snoonu, and Talabat.

At the core of Lulu Retail’s success is

its innovative approach to supply chain

management and sourcing. The company

sources products from 85 impressive

countries worldwide, demonstrating a

strategic commitment to mitigating supply

risks and ensuring consistent product

availability. This approach has earned

Lulu Retail recognition as a mandated

food security partner, underlining its

critical role in the region’s economic

ecosystem. The organization operates

on a philosophy of delivering the “right

products in the right place at the right

time,” which is supported by its vertically

integrated supply chain that spans from

manufacturing to retail.

Lulu Retail is part of the larger LuLu

Group International, a highly diversified

conglomerate founded by the acclaimed

business visionary Yusuff Ali M.A. The

group has established a remarkable global

presence. The company’s competitive

edge stems from its deep understanding

of consumer needs, comprehensive

supply chain integration, and ability to

adapt to changing market dynamics. By

maintaining a well-balanced product offering

and leveraging both physical and

digital channels, Lulu Retail continues to

drive innovation and expand its market

presence, solidifying its position as a key

player in the regional retail landscape.

Dec 2024 www.thefinanceworld.com 77


Top 100 Expats

ZUBIN

KARKARIA

Founder & CEO

VFS Global Group

HIGHLIGHTS

Year of Establishment:

2001

Nationality:

Indian

Industry:

Visa Services

Awards & Recognition:

Global Game Changers Award

2019

Zubin Karkaria has transformed VFS Global from a small

regional operation serving one client government to a

global leader in visa and consular services. His remarkable

journey began in 2001 when he launched the company

with just three application centres in Western India, which

has since expanded to more than 3,400 application centres

across 153 countries, serving 68 client governments and

processing over 292 million applications.

With more than 30 years of experience in the travel and

tourism industry and a proven track record of building a

global business, Zubin has successfully navigated numerous

challenges. As a strong proponent of emerging technologies,

he has been instrumental in embedding innovative solutions

into the core strategies of VFS Global.

Karkaria’s professional trajectory is marked by strategic

innovation and global vision. He established the company’s

headquarters in Dubai and formed a pivotal partnership with

Emirates in 2002 to manage UAE visa services worldwide.

This strategic move expanded the network to 40 visa centres

serving multiple client governments, solidifying VFS Global’s

position in the international market. His leadership skills were

further recognized when he served as CEO of Kuoni Group

from 2015 to 2017. His entrepreneurial journey exemplifies

how strategic vision and persistent innovation can transform

a small startup into a global industry leader.

By combining sharp business acumen with exceptional

organizational capabilities, Karkaria has not only built a

world-leading visa facilitation services company but also established

a benchmark for international business expansion in

the travel and tourism sector. Karkaria also maintains strong

family ties and cultural connections, regularly visiting the

agiary (Parsi fire temple) with his wife and three children in

Mumbai. This personal commitment mirrors his professional

approach of blending global ambition with deep-rooted values.

His ability to navigate complex international markets while

preserving personal and cultural identity sets him apart as a

truly global business leader.

The success of VFS Global under Karkaria’s leadership

demonstrates the power of innovative thinking and strategic

planning. By identifying a critical need in the global travel and

visa services market, he created a scalable business model

that has revolutionized how governments and travellers interact

with visa processing systems. His approach transformed

what was once a bureaucratic and complex process into an

efficient, user-friendly global service, setting new benchmarks

for excellence in the industry.

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DR. ZULEKHA

DAUD

Founder and Chairperson

Zulekha Healthcare Group

HIGHLIGHTS

Year of Establishment:

1992

Nationality:

Indian

Industry:

Healthcare

Awards & Recognition:

Lifetime Achievement -

Healthcare Award 2012

Breaking barriers and healing nations. Dr. Zulekha

Daud emerged as a pioneering force who transformed

healthcare landscapes across India and the UAE. From

humble beginnings as the daughter of a construction worker

to becoming a celebrated physician-entrepreneur, her story

is a powerful testament to resilience, compassion, and unwavering

determination.

When Daud arrived in the UAE in 1964, she became the first

female Indian doctor to practice in the emirate—a milestone

that would set the stage for her groundbreaking medical career.

In an era when healthcare facilities were basic and resources

scarce, she fearlessly delivered over 10,000 babies, earning

the endearing nickname ‘Mama Zulekha’ and establishing

herself as a beacon of hope for countless families.

Her entrepreneurial spirit truly blossomed in 1992 with the

establishment of her first hospital in Sharjah. What began as

a modest 30-bed facility has since evolved into the Zulekha

Healthcare Group, now one of the largest private healthcare

networks in the Emirates, treating approximately 550,000

patients annually. This remarkable growth reflects not just

her business acumen, but her profound commitment to accessible,

high-quality healthcare.

Daud’s vision extends far beyond hospital walls. Her

philanthropic efforts include establishing Zed, a vocational

training centre in Nagpur, implementing clean drinking water

initiatives, and adopting non-functional educational institutes.

Her strategic partnership with the IFC, securing a $24 million

financing deal, demonstrates her innovative approach to

expanding healthcare infrastructure.

Her contributions have not gone unnoticed. She received

the prestigious Pravasi Bhartiya Samman Award in 2019 and

was personally honoured by Sheikh Abdullah bin Zayed Al

Nahyan for her five decades of invaluable healthcare contributions.

Her community initiatives promoting early detection

of life-threatening diseases have touched thousands of lives

across India and the UAE.

Dr. Zulekha Daud represents more than a medical professional—she

embodies the spirit of transformative leadership.

Her journey from a small-town medical graduate to an international

healthcare leader illustrates how individual passion

can create systemic change, inspire generations, and bridge

healthcare disparities.

Her story is a powerful reminder that with courage, compassion,

and vision, one can heal not just individuals, but

entire communities, leaving a lasting legacy of resilience

and hope, and inspiring others to create meaningful change.

Dec 2024 www.thefinanceworld.com 79


Top 100 Expats

ZIAD

EL CHAAR

Chief Executive Officer

DarGlobal

HIGHLIGHTS

Year of Establishment:

2021

Nationality:

Lebanese

Industry:

Real Estate

Awards & Recognition:

100 Most Inspiring Leaders

2024

As the Chief Executive Officer of DarGlobal PLC, Ziad

El Chaar has transformed the company into a beacon

of luxury real estate development, targeting the most

discerning global citizens across the Middle East and Europe.

El Chaar’s professional journey is a remarkable narrative

of strategic excellence and persistent innovation. Joining

DarGlobal in May 2017, he brought with him over 20 years

of experience in real estate development and investment,

coupled with a decade of expertise in corporate governance,

board management, and regulatory compliance. His impressive

career trajectory includes pivotal leadership roles at some of

the most prominent real estate companies in the region: CEO

of Ventures and Business Development at Emaar Properties,

CEO at Dar Al Arkan Real Estate Development Company, and

Managing Director and Executive Director on the board of

directors at DAMAC Properties.

Under El Chaar’s leadership, DarGlobal has distinguished

itself as more than just a real estate company. It’s a curator of

lifestyle experiences, strategically focusing on second homes

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Top 100 Expats

in some of the world’s most desirable

locations.

The company’s

portfolio spans

Downtown Dubai, the

serene landscapes

of Muscat in Oman,

and the picturesque

Costa del Sol region

in Southern Spain.

These carefully selected destinations

offer unique investment opportunities

for internationally mobile customers

seeking luxury properties that are both

exceptional to live in and promising as

investments. One of El Chaar’s most

distinctive strategies has been forging

partnerships with iconic global luxury

brands. The company has collaborated

with renowned names like Missoni, Versace,

W Hotels, and Elie Saab, creating

properties that blend aesthetic excellence

with investment value. A standout collaboration

is with The Trump Organization,

which has resulted in multiple high-profile

projects across the GCC. These include the

upcoming Trump Tower Dubai, featuring

a luxury hotel and branded residences, a

residential tower in Jeddah, Saudi Arabia,

and a $200 million Trump-branded

project in Oman.

The company’s unique approach

extends beyond traditional real estate

development. DarGlobal was originally

established to manage and develop the

international assets of Dar Al Arkan Real

Estate Development PJSC, a leading Saudi

Arabian real estate developer. Since

2007, Dar Al Arkan has delivered over

15,000 residential units. El Chaar sees an

exciting future in the sector, particularly

in hospitality assets, with plans to acquire

or build hotels in markets like Spain,

Dubai, Maldives, Athens, Marrakesh,

and London, and sell them after three

to five years of operation.

El Chaar’s vision goes beyond simple

property development. He recognizes a

growing trend among affluent international

customers – the desire for second homes,

vacation properties, and particularly,

second primary homes that emerged

prominently after the pandemic. A

significant milestone in the company’s

journey came on February 28, 2023, when

DarGlobal was admitted to the Main

Market of the London Stock Exchange.

This achievement underscores El Chaar’s

strategic leadership and the company’s

robust growth potential.

With over USD 6 billion in projects

under development, his ambitious goal

is to position DarGlobal among the top

50 global developers within the next

decade. Beyond DarGlobal, El Chaar

continues to drive innovation in the real

estate ecosystem. He serves as Chairman

of Wasalt, a leading PropTech company,

and Vice Chairman of Quara Holding,

which has established some of the biggest

names in real estate and finance,

including Dar Al Arkan, Khair Capital,

and Quara Finance.

Academically grounded with a Master’s

in Business Administration from

the American University in Beirut, El

Chaar combines scholarly insight with

entrepreneurial dynamism.He believes the

luxury second homes sector is still in its

infancy – only 10 to 15 years old – with

tremendous potential for growth. His approach

is not just about selling properties,

but about creating lifestyle experiences

that resonate with global citizens seeking

something extraordinary.For the global

elite seeking more than just a home, Ziad

El Chaar and DarGlobal offer a passport

to exceptional living – a testament to his

unique ability to transform real estate

into an art form of luxury, innovation,

and strategic investment.

We are not

just real estate

developers. We

are also a lifestyle,

entertainment

and investment

company.

About DarGlobal

DarGlobal profoundly believes in the

timeless value of luxury, a form of wealth

that inherently grows and represents

one of the most visionary investments

in our rapidly evolving world. Founded

in 2021 with the ambitious goal of revolutionizing

the global luxury real estate

market, the company seamlessly blends

extensive experience with cutting-edge

innovation to deliver properties of unparalleled

quality. The company’s homes

are meticulously crafted by world-class

architects and inspired by iconic design

and fashion influences. Each property is

constructed using premium materials

and maintained by leading experts in the

field. DarGlobal prides itself on being a

pioneer in identifying the most prestigious

and attractive locations, thereby offering

lucrative investment opportunities

to a discerning global clientele. With

a forward-looking strategy, DarGlobal

is set to expand its focus to hospitality

assets. The company plans to acquire or

build hotels in key markets like Spain,

Dubai, Maldives, Athens, Marrakesh,

and London, with the intention of selling

these properties after three to five

years of operation once their revenue

streams stabilize. This approach reflects

the company’s innovative thinking and

adaptability in the dynamic real estate

market. DarGlobal’s vision extends

beyond mere property development.

The company recognizes the emerging

trend of second homes, particularly in

the post-pandemic world, and caters to

affluent international customers seeking

luxury properties that are not just homes,

but investment opportunities and lifestyle

statements. By offering limited edition

luxury housing co-branded with iconic

names like Lamborghini and Dolce &

Gabbana, DarGlobal is redefining the

concept of real estate investment.

Dec 2024 www.thefinanceworld.com 81




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