Assem Allam
| Assem Allam | |
|---|---|
Allam in 2011
|
|
| Born |
1 August 1939 Kingdom of Egypt |
| Residence | Kirk Ella, East Riding of Yorkshire |
| Nationality |
Egyptian British |
| Alma mater |
Ain Shams University University of Hull |
| Occupation | Businessman |
| Known for | Industrial Manufacturer Owner of Hull City A.F.C. |
| Home town | Cairo, Egypt |
| Net worth |
 US$1.0 billion (2015) |
Assem Allam (Arabic: عاصم علام; born 1 August 1939) is a businessman, based since 1968 in the East Riding of Yorkshire. He is the owner of Allam Marine, an industrial generator manufacturer, and owner of Premier League club Hull City.
Born in Egypt in 1939, Allam fled to the UK from Gamel Abdel Nasser's regime in Egypt in 1968. He studied economics at the University of Hull before working as an accountant at Tempest Diesel Limited (Co. Number 00335080). In 1981 he used a loan to begin a buy-out of the company. In 1992 the company was put into administrative receivership at the behest of Barclays Bank along with Ruscador Shipyard Limited. In 1992 he incorporated Allam Marine Limited (Co. Number 02708090), subsequently leading the company to international success. Assem Allam and his son were included in the Sunday Times Rich List 2010. In 2006, he was named the UK Entrepreneur of the Year by Ernst & Young, the same firm of accountants who acted as Administrative Receivers of Tempest and Ruscador.
Allam has frequently made reference to his gratitude for his adoptive home in the East Riding of Yorkshire, and has made several philanthropic gestures to the area including providing support to several local grassroots sports clubs, making donations to the Hull Truck Theatre, as well as becoming a trustee of the Daisy Appeal, a medical research fund at the local Castle Hill Hospital in Cottingham. He has stated that he feels an obligation to pay back the region for his success. In September 2010, it was speculated that he was interested in investing in Hull City A.F.C., the local football team, which had been relegated from the Premier League earlier in 2010 with extensive financial problems.
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