Hasan Abdullah Ismaik () is a Jordanian businessman and Chairman of Hasan Abdullah Mohammed Group (HAMG Group), a UAE-based group of investment companies founded by Ismaik in 2006. He owns Marya Development & Real Estate Investment LLC, a private investment company in the United Arab Emirates with a diversified investment portfolio that includes projects worth US$4 billion. He is the Chairman of Al-Ashmal Real-Estate Investment Co. in Jordan; and Chairman of publicly listed Masaken for Land and Industrial Development Projects (Masaken Capital). In 2014, Forbes Magazine listed Ismaik as the first Jordanian billionaire and the third-youngest billionaire in the Middle East.
Ismaik had his name in the media when the shares in Depa had risen steadily over one year, increasing from about 40 fils in August 2013 to a high of 71 fils in June 2013 that was the day before he resigned from his position as the chairman of Depa, leaving the Nasdaq Dubai-quoted firm, Arabtec without a chairman. However, the company drastically scaled back its plans after Mr Ismaik abruptly resigned, sending shares into a freefall and leaving question marks hanging over non-core business of Ismaik.
Furthermore, in March 2016 thereby were rumours that Hasan Ismaik, will be appointed to the board of Arabtec again, however "the rumours over the appointment of Mr Hasan Ismaik as Chairman or member of the board of directors of Arabtec are false and are not based on any true facts or events," Arabtec said in a bourse filing.
Early life and education
Ismaik was born in Kuwait in 1977 and holds a BA in Business Administration from Al-Mustansiriyah University in Baghdad.
Ismaik launched his career as a real estate entrepreneur in Jordan, Saudi Arabia and the United Arab Emirates, with a specific interest in the oil and gas sectors. Following the introduction of the freehold property law that sparked the real estate boom in Dubai, he transferred his business focus to the UAE market where he continued to gain commercial achievements.
Investments
He pushed plans to diversify his investment portfolio and explored new investment and asset acquisition opportunities in industries as diverse as energy, real estate, construction, transportation, retail and architectural design services. In 2006, Ismaik founded HAMG Group, an Abu Dhabi-based group of investment companies. In addition to HAMG, Ismaik has commercial interest in a wide range of industries including real estate, retail, and architectural design services, among others, across the United Arab Emirates, GCC and the Middle East.
HAMG Group includes the following subsidiary companies: