He founded and chaired the Board of Directors of the “ Abdul Wahed Al Rostamani Group ”, and founded the “Abdul Wahed Al Rostamani Group”, which is one of the largest corporate conglomerates in the UAE. He owned huge shares in the “Commercial Bank of Dubai” at a rate of 5.75%, and also owned 16.77% of the shares of the “Dubai Insurance Company”. Specialized in providing insurance services for all commercial sectors, in addition to 10% of the shares of “National Bank of Umm Al Quwain”.
Initially, he worked for the “Dubai Government” for several years in the 1950s under the leadership of Sheikh Rashid bin Saeed Al Maktoum, may God have mercy on him. Then he entered the world of business administration by establishing a small library in 1954, and through coordination between the various family business interests and his insightful vision, he sought to develop his business step by step. Constantly, he eventually established a large edifice that is known today as the “Abdul Wahid Al Rostamani Group.”
He expanded the scope of the Abdul Wahed Al Rostamani Group’s business to include several commercial activities covering various sectors, especially automobiles, real estate, information technology, tourism, travel, logistics, and lifestyle. He received several honorary awards for his many contributions in the field of entrepreneurship and business management, and sponsoring sporting events, in addition to his other contributions related to civil society and noble humanitarian charitable activities. Forbes Middle East ranked him 28th on the “List of the Richest Arabs for 2016” with his wealth It amounted to 1.3 billion dollars.
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