Arif Naqvi | |
---|---|
Born |
Arif Masood Naqvi July 13, 1960 Karachi, Pakistan |
Alma mater |
Karachi Grammar School London School of Economics |
Known for | Founder of Aman Foundation |
Title | Founder and Group CEO of The Abraaj Group |
Board member of |
United Nations Global Compact Pakistan Human Development Fund |
Arif Masood Naqvi (born July 13, 1960) is the founder and group chief executive of The Abraaj Group, a private equity investor operating in Africa, Asia, Latin America, Middle East, Turkey and Central Asia. Naqvi founded the Group in 2002. It started with 60 million USD in assets under management and as of 2016, manages 10 billion USD.
Arif Naqvi began his career with Arthur Andersen in London and American Express in Karachi. In the early 1990s, he joined the Olayan Group in Saudi Arabia, the Kingdom’s largest trading company. In 1994 he started an investment firm in Dubai called Cupola with $50,000 of his own savings. In 1999, Naqvi purchased Inchcape Middle East, for $102 million, with $4.1 million in equity, making it the MENA region’s first leveraged buyout. Naqvi then sold off pieces of the company for a total of $173 million
In 2002, Naqvi founded Abraaj Capital, and in 2012 the company merged with Aureos Capital to become The Abraaj Group.
In October 2012, Naqvi and Bill Gates, Co-chair of the Bill & Melinda Gates Foundation, signed a five-year framework agreement on family planning and health in Pakistan.
In 2008, Naqvi and his family established the Aman Foundation, a local, not-for-profit trust in Pakistan, focusing on Health, Nutrition and Education.
In 2007, Naqvi was granted the Sitara-i-Imtiaz by the Government of Pakistan, in recognition of his outstanding service in the field of public services.
In 2011, he was named as one of the 50 most influential people in the global private equity industry by Private Equity International.
In 2012, Naqvi was appointed to the Board of the United Nations Global Compact by UN Secretary General Ban Ki-moon.