Hussain Sajwani is the current chairman of DAMA Properties which is based in Dubai. In 1981, he got the opportunity to study at the University of Washington for his undergraduate program in Industrial Engineering and Economics. HussainSajwani’s success has greatly been shaped his family background and his thrill to take business risks.
Many people are aware of Hussain Sajwani’s economic achievements but are less interested in his roots. The dedicated businessman was born and raised in a humble family. His parents were very hardworking and did their best to provide him with the best education.
Hussain Sajwani’s father was a shop owner who sold watches and pens while his mother was a businesswoman who sold fabric to the locals. Hussain Sajwani learned the ways of venturing into the business through his father as he got to understand how to be committed and maneuver through economic challenges.
Journey to establishing DAMAC Properties
DAMAC owner is well known for his success in venturing into the real property industry. He had always been interested in real estate business right when he completed his university studies. To venture into such a business, he began a catering services outlet to raise capital.
He later started establishing hotels in Dubai after he realized that there was a shortage of housing to cater for the rising population in the 1990s. In 2002, Hussain Sajwani founded the currently recognized real estate company, DAMAC Properties. The firm has been able to provide houses to over 20,000 families and is still increasing its ventures in the commercial properties market.
Relationship with Donald Trump
It is not surprising that DAMAC owner and the current United States President, Donald Trump, have a personal relationship. The duo’s close tie is based on the fact that they have a business partnership. Together, they had established the Trump International Golf Club which has been a success. Read more: Hussain Sajwani | Facebook and Hussain Sajwani | Crunchbase
Hussain Sajwani is recognized for his generosity to the community. He engages in various charity services and supports the humanitarian organizations in Dubai. Hussain Sajwani’s last donation was in 2017 when he offered 2 million AED to buy clothes for needy children across the world.
OSI Industries knows they have the potential to grow and be the biggest food service company in their industry. They also know they can try different things other food companies are incapable of. Since they’ve spent so much time trying to help people understand the hard work they put into their business, they know they can do more to help. They’ve spent so much time showing others the right way to make the business better. Because of their dedication, they are always working to give back to the industry and the clients they serve. It is their way of making sure they remain relevant in the industry no matter what happens.
For OSI Industries, acquisitions are a big part of the company. They try to acquire companies they know they’ll be capable of running in the future. The company spends a lot of time researching all the things that will help them succeed and that’s why they want to make sure people understand the best parts of the business. For the industry to stay the same, they need to try and bring new options to it. They also want to do everything they can to help people through the opportunities that will make them better.
Even though there are things that can change the course of the business for the future, OSI Industries knows what it takes to give people the best options. They also know how important it is to show others there are new opportunities. For OSI Industries, the point of the business is giving back. As long as they can give back to people who work so hard for them, they can show them they’re doing things right. The company also knows what they can do to show others how things will get better.
When they take over companies like Flagship Europe, OSI Industries knows they’re doing the right thing. They’ve always been confident about the work they do. They try not to let their hard work stop them and that’s an important part of the process. If they can’t help people with the issues they’re having, they know things won’t ever get better. They will always stay the same and people won’t know how to make the right choices. Even though expanded to Spain, OSI Industries tries to make sure they’re doing everything right with the business they have to offer people and the options they can use to make everything better.
About OSI Industries: www.crunchbase.com/organization/osi-group
Many companies are now shying away from giving their employees stock options. Some do it to save money while others do it because employees have grown wary of it. Having realised that if the company takes a down turn they will not be able to exercise their stock options, many employees prefer an increase in their salaries. The accounting burden that comes with giving employees stock options also keeps companies from offering stock options.
Giving employees stock options is not entirely a bad idea. It has its advantages. Since employees are directly affected by the success or failure of the company, they put in more effort in ensuring customer satisfaction. As opposed to giving employees equity, giving them stock options gives lightens the tax burden of a company. Learn more: http://officialjeremygoldstein.com/
Since the advantages of stock options outweigh its disadvantages, Jeremy Goldstein, the founding partner at Jeremy L. Goldstein & Associates, LLC, encourages companies to embrace the use of knockout clauses. A knockout clause is a barrier option has the same conditions as a stock option. The only difference is that if the shares of the company drops below a specific point, then the employees loose them. This prevents employees from having stock options that are not useful to them.
However, it is pointless to give employees options only to take them away when the shares go down for a few hours. Therefore, it is important to put a specific duration- at least a week. The result of including a knockout clause includes lower executive compensation and figures on yearly disclosure documents. This not only looks good to the investors but also allows for accurate earning reflections.
Jeremy Goldstein is a partner at Jeremy L. Goldstein & Associates. Before founding his own firm, he was a partner at Wachtell, Lipton, Rosen & Katz. Jeremy has been involved in many large transactions including the acquisition of Goodrich by United Technologies and the Dow Chemical Company/Rohm and Haas Company. He is the chair of the Mergers & Acquisition Subcommittee of the Executive Compensation. He is also a frequent speaker on issues concerning corporate governance and executive compensation.
Boraie Development decided to do the unthinkable again, and this time their latest criticism came from their decision to build a 250-apartment property known as the Beach at South Inlet in Atlantic City, NJ. According to Patch.com, this decision was scrutinized because Atlantic City has been a place that most real estate agencies have said is only where the casino owners live and it just doesn’t have the demand for housing. But Sam Boraie says quite the opposite is true because in recent years the city has actually had some casinos close. This actually is a good thing Boraie says because now the property prices will return to normal and developers can invest in market that actually does need more housing. Boraie says the new Beach at South Inlet should stimulate the local housing market.
Boraie Development has bought properties mostly in the residential markets, but they also own several retail and office space lots. It was Wasseem’s father Omar Boraie who came over from Egypt and started the company. The city of New Brunswick, where the company is headquartered was going through a lot of trouble when Boraie first arrived, and he decided if nobody else was going to try and make a change to its landscape, he would. So he started buying various properties beginning at the Albany Street Plaza where he took an old abandoned lot and had two towers built there. This is the project that ignited the city of New Brunswick to having more of a business flow today, and Boraie Development would duplicate this feat when they bought up a commercial property in Newark now known as CITYPLEX 12.
Boraie Development really hit their stride when they completed construction of a high-rise at One Spring Street in New Brunswick. What was remarkable about this feat was that it was a massive 25-story high-rise that most people said was just too big for the city and didn’t match what consumers wanted, but they were wrong again. This condominium sold out very quickly, and in the years following this Boraie Development had two more high-rise apartment centers built at One Rector Street in Newark and again in New Brunswick at The Aspire. One of Omar Boraie’s strengths as the leader of the company has been to leverage his vision with his understanding of financial returns, but it’s also because he has said by his own words that he just is never affected by criticism. Boraie also has close ties to Rutgers University where he earned his doctorate’s degree in chemistry and also gave over $1 million to genomic research, and the university awarded him the Omar Boraie Chair in 2013. For more info, visit crunchbase.com.