Fadi Ghandour

Last updated
Fadi Ghandour
Fadi Ali Ghandour.jpg
Born
Fadi Ali Ghandour

1960
Beirut
Alma materGeorge Washington University
Known for Aramex

Ruwwad for Development

Mena Venture Investments (MVI)

Wamda, Wamda Capital
TitleExecutive Chairman, Wamda Group
Parent(s) Ali Ghandour and Altaf Daher

Fadi Ghandour (born 1960) [1] is a Lebanese Jordanian entrepreneur, investor, and philanthropist. He is the Executive Chairman of Wamda, a platform that builds and invests in entrepreneurship ecosystems across the Middle East and North Africa, Turkey and East Africa through Ecosystem Development programs and a venture capital fund investing in technology-enabled companies that operate in these markets.

Contents

Early life and education

The son of Ali Ghandour, founder of Royal Jordanian Airlines, and Altaf Daher, Fadi Ghandour was born in Beirut in 1959. [2] He graduated from George Washington University in Washington, D.C. in 1981. [2] [3]

Career

In 1982, he co-founded Aramex with Bill Kingson. Aramex is one of the largest package delivery and logistics companies in the Middle East and North African region, a market previously unevenly served by other courier services. [1] [4] In 1997, Ghandour took Aramex public on NASDAQ, making it the first company from the Arab world to be listed on an American stock exchange, [1] before taking it private again in 2002. Aramex went public once more in 2005 and is currently listed on the Dubai Financial Market (DFM). [5] It is now a global logistics and transportation provider, employing over 17,000 people working in over 600 offices across 70 countries. [6]

Ghandour stepped down as CEO of Aramex in 2012, concluding a thirty-year tenure. [7] He remains on the company's board.

Ghandour is a key figure and an active member of MENA's startup ecosystem. He is a founding investor of Maktoob, acquired by Yahoo! [8] in 2009.

Throughout his years as serial entrepreneur and mentor in MENA, Ghandour identified gaps he believed were stalling the growth of the region's entrepreneurship ecosystem, namely opening regional markets, financing and mentorship. [9] Ghandour also called on corporates to be further engaged in supporting entrepreneurship in their markets, and has coined the term 'Corporate Entrepreneurship Responsibility'. [10]

In 2010, he launched MENA Venture Investments (MVI), an angel investment company, to invest in tech-enabled businesses at the seed stage. MVI invested in companies such as Souq.com, initially an auction site linked to Maktoob and later spun off as an e-commerce platform, which was acquired by Amazon in 2016. [11]  

In parallel to MVI, Wamda was launched to offer a knowledge and research platform as well as community programs for entrepreneurs and supporting stakeholders in the MENA region. In 2014, Ghandour advised by Mohammed Abrar Asif, Co-CEO of Hades Financial Private Capital Group (HFPCG) with ties to Saudi and Lebanese elite families including the Hariri family [12] launched Wamda Capital, an early-stage investment fund, focusing on investing in early-stage technology startups in the Middle East, Turkey and East Africa.

Fadi Ghandour also served on the board of The Abraaj Group, which was an emerging markets investor, and had close ties to its founder Arif Naqvi (who was a partner at MVI) prior to it collapsing. [13]

Ghandour was the 2017 winner of the Academy of International Business (AIG) International Executive of the Year Award. [14]

Philanthropy

Ghandour is the Founder and Chairman of Ruwwad for Development, [3] a non-profit community empowerment platform launched in 2005 supporting marginalized communities through activism, civic engagement, education and financial inclusion operating in Jordan, Lebanon, Palestine and Egypt. [1] [3] Ruwwad focuses on three areas of impact through its youth organizing, child development, community support, and community-led campaigns. [15]

Personal life

Ghandour has a son Fares is a partner at Wamda Capital. [16]

Ghandour has another son Bassel who co-wrote and produced the Oscar-nominated and Bafta award-winning film Theeb. [17]

Related Research Articles

Aramex is an Emirati multinational logistics, courier and package delivery company based in Dubai, United Arab Emirates. The company was founded by Fadi Ghandour and Bill Kingson in 1982 in Amman, Jordan. It is the first Arab-based company to be listed on the NASDAQ stock exchange. Aramex is listed on the Dubai Financial Market. Othman Aljeda is CEO of the company. Aramex has approximately 18,000 employees in 70 countries.

Yahoo! Maktoob was an online services company founded in Amman (Jordan). Maktoob.com was known as the first Arabic–English email service provider. In 2009, Yahoo! acquired Maktoob.com, making it Yahoo!'s official arm in the MENA region. As of January 31 2023, Yahoo! Maktoob has been shut down; and therefore no longer publishes content.

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References

  1. 1 2 3 4 "Fadi Ghandour - Creating Emerging Markets". Harvard Business School. Retrieved July 16, 2018.
  2. 1 2 "Fadi Ghandour - Creating Emerging Markets". Harvard Business School. Retrieved July 16, 2018.[ verification needed ]
  3. 1 2 3 MacBride, Elizabeth (2015-02-19). "Arab millionaire's fight to crush radicalization". www.cnbc.com. Retrieved 2019-03-12.
  4. ↑ Mahajan, Vijay (2012-07-13). The Arab World Unbound: Tapping into the Power of 350 Million Consumers. John Wiley & Sons. ISBN   9781118236420.
  5. ↑ "ARMX:DFM Stock Quote - Aramex PJSC". Bloomberg.com. Retrieved 2019-03-12.
  6. ↑ "Aramex Annual Report 2017" (PDF). Aramex. 2017. Retrieved March 11, 2019.
  7. ↑ "Aramex chief steps down after 26 years". The National. 16 April 2012. Retrieved 2019-03-12.
  8. ↑ "Confirmed: Yahoo Acquires Arab Internet Portal Maktoob". TechCrunch. 25 August 2009. Retrieved 2019-03-12.
  9. ↑ Arabic; Africa, Middle East &. "Aramex's Fadi Ghandour Unfolds His Roadmap for Budding Entrepreneurs in the Middle East". Knowledge@Wharton. Retrieved 2019-03-12.
  10. ↑ "Corporate Entrepreneurship Responsibility, by Fadi Ghandour". Wamda. Retrieved 2019-03-12.
  11. ↑ "Amazon Buys Souq.com as Middle East Online Market Takes Off". Bloomberg.com. 2019-03-11. Retrieved 2019-03-12.
  12. ↑ "Fahd Hariri", Wikipedia, 2023-04-14, retrieved 2023-05-16
  13. ↑ "Fadi Ghandour | Gulf Business". 2017-02-26. Retrieved 2023-02-25.
  14. ↑ "International Executive of the Year Award". Academy of International Business (AIB). Retrieved 2024-01-10.
  15. ↑ MacBride, Elizabeth (2015-02-19). "Aramex founder delivers hope in the Middle East". CNBC. Retrieved 2022-01-07.
  16. ↑ "Fares Ghandour". Bloomberg.
  17. ↑ "Jordanian filmmaker Bassel Ghandour on creating his directorial debut 'The Alleys'". The National.
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