Hussain Sajwani is one of the most success men in his industry. His company, Damac, has developed some of the most outstanding properties in the world. The buildings themselves are just spectacular, but it’s also the extra mile Damac that brings to its clients. Damac is known for its glitzy properties and over the top marketing stunts.
Despite such enormous success, Sajwani never forgets where he came from. He takes great pride in the origins of his company. During Desert Storm, Sajwani’s company supplied food to U.S. troops. It’s even been recognized for its marvelous food service.
Even though Damac Group has come a long way, food service is still a part of the company. It reminds Sajwani of his first business and enables him to cultivate important friendships in high places on a global scale. His company’s recent ventures have been in real estate properties. Lately, his company has been preparing for the UAE property price recovery.
As the market shifts more in his favor, his company is primed to capitalize in the best of ways. A company of that size and structure has numerous options. One of the final steps in taking advantage of the recovery is to hire the right bank which will offer the right advice.
In its current situation, an IPO is still being called “hypothetical”. His company already has cash and bonds and a great debt/ratio percentage. The benefits of this IPO could produce cash for expansion or allow owners to make some money from the company. There are just too many options open for any definitive conclusions to be made.
DAMAC Owner Sajwani and Damac Group have come a long way from food services. Even though he plans on keeping the food business a part of his company, the food business is too small for his ambitions. Despite having several large contracts, the success ratio is still too small. He wants to make billions, not millions.
As Dubai’s economy recovers, Sajwani has once again set his sights on expansion. He’s hopeful for the future.
Get more information: https://www.albayan.ae/economy/local-market/2018-02-12-1.3184075