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Azizi Bank

Commercial bank in Afghanistan

Commercial bank in Afghanistan

FieldValue
nameAzizi Bank
native_name‍عزیزی بانک
logoLogo of Azizi Bank.jpg
typePrivate
foundationJune 2006
key_peopleMirwais Azizi
hq_locationWazir Akbar Khan
hq_location_cityKabul
hq_location_countryAfghanistan
num_employees1,326
homepage

Azizi Bank is one of the largest commercial banks in Afghanistan. It has 56 branches including extension counters and around 88 automated teller machines across Afghanistan. The bank opened on June 13, 2006, and is headquartered in the Wazir Akbar Khan neighborhood of Kabul, Afghanistan. Mirwais Azizi is the founder and chairman of the bank.

Azizi Bank currently has around 1,326 employees, 12% of whom are females. During the 2021 Taliban offensive, some members of the Taliban escorted female employees of Azizi Bank in Kandahar and ordered them not to return to work.

Farhad Azizi

Farhad Azizi is a UAE based businessman,{{cite news|url=https://www.arabianbusiness.com/industries/real-estate/466950-farhad-azizi-location-has-always-been-the-key-criteria-for-propertys-desirability-azizi-developments|title=Farhad Azizi: 'Location has always been the key criteria for a property's desirability'

, he was arguably the richest person and family of Afghani origin. He featured in the list of "Arabian Business as one of the 100 Inspiring leaders in the Middle East" in March 2018. He is regarded as one of the richest people of Afghanistan with a monopoly in petroleum products. Azizi Developments is a Dubai-based property developer.

Early life

After moving from Afghanistan to Dubai as a young boy along with his father Mirwais Azizi, they founded the Azizi Group in 1989.

A graduate of the University of Tulsa, Azizi obtained an MBA in finance management from Boston-Suffolk University. After completing his studies, Farhad spent time in Europe before moving back to the UAE.

Career

In 2007, Azizi Developments was established. In 2006, Azizi Bank was found, now the largest commercial financial institution in Afghanistan. which is regarded as one of the reputed banks in Afghanistan.

Before the 2008 financial crisis and Dubai housing crash in 2009, Azizi Developments sold off-plan properties in Dubai. The majority of buyers could not continue payments and Azizi instructed that their deposits be handed back.

In 2013, Azizi Developments resumed the construction of projects. Presently, the company has more than 200 projects under various stages of development with a current portfolio in Dubai valued over AED 45 billion. His petroleum business Azizi Hotak Group, which was started with an initial investment of $80 million, operates in 10 countries.

Companies

List of companies/organizations owned by Azizi;

  • Azizi Hotak General Trading Group
  • Azizi Investments
  • Azizi Developments
  • Azizi Bank
  • Bakhtar Bank (now as Islamic Bank of Afghanistan)
  • Azizi Hospitality
  • Azizi Foundation

References

References

  1. "Our Profile". Azizi Bank.
  2. "Azizi Bank". Afghanistan Banks Association.
  3. "Annual Report 2017". Azizi Bank.
  4. (13 August 2021). "Afghan female bank employees forced out of jobs as Taliban takes control". Al Arabiya Network.
  5. Thomas, Aby Sam. (June 10, 2019). "Follow The Leader: Azizi Developments CEO Farhad Azizi".
  6. (17 June 2021). "Azizi Developments is finally ready to take on a 'billion-plus mixed-use iconic' project in Dubai: CEO".
  7. (March 30, 2015). "Azizi presses ahead with thousands of apartments in Dubai". [[The National (Abu Dhabi)]].
  8. (September 7, 2010). "2nd Afghan bank with Dubai ties defends links". [[Deseret News]].
  9. (May 1, 2018). "World's Best Bank Awards 2018: Asia-Pacific". [[Global Finance (magazine).
  10. (11 September 2019). "Dubai developer pushes new launch despite supply worries".
  11. Staff Writer. (August 29, 2018}}{{Dead link). "Azizi launches third project in Dubai Healthcare City | UAE News".
  12. (October 26, 2017). "Build and they will come: Azizi CEO Farhad Azizi". [[Arabian Business]].
  13. (2018). "100 Inspiring Leaders in the Middle East". [[Arabian Business]].
  14. (March 2018). "100 Inspiring Leaders In The Middle EastMirwais : Azizi". [[Arabian Business]].
  15. Khan, Sarmad. (November 22, 2022). "Cityscape 2022: Azizi plans $15bn spending and launch of Dubai's second-tallest tower".
  16. (November 22, 2022). "Giordano Middle East embarks on ambitious expansion plan".
  17. "UAE developer Azizi launches new division to add Dubai retail portfolio".
  18. Mansoor, Zainab. (December 1, 2019}}{{Dead link). "Dubai's Azizi Developments orders Tesla's Cybertrucks for customer site visits | UAE News".
  19. "Developer Azizi reveals construction rate progress across Dubai projects".
  20. "Time to deliver for Aziz Developments".
  21. (September 8, 2022). "Power Hour 2021: Farhad Azizi, CEO of Azizi Developments, Ranks 11th". Construction Business News Middle East.
  22. Staff Report. "Azizi Developments breaks ground at Dubai Healthcare City's Creek Views II".
  23. "Azizi Developments' Park Avenue is now 40% complete".
  24. Release, Press. "Azizi Developments' ramps up construction speed at Riviera in MBR City".
  25. Khan, Sarmad. (November 10, 2021). "Cityscape 2021: Azizi Developments to spend $2.72bn on new projects in Dubai by 2025".
  26. (April 25, 2018). "First Islamic Bank In Afghanistan Opens For Business". [[TOLOnews]].
  27. (April 17, 2016). "Time to deliver for Azizi Developments". [[Arabian Business]].
  28. (September 17, 2017). "UAE's Azizi records $350m home sales at Cityscape". [[Arabian Business]].
  29. (June 4, 2008). "Azizi Investments plans 55 Dubai projects". [[Gulf News]].
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