Abdul Razzak Yaqoob

Who is Abdul Razzak Yaqoob?

Abdul Razzak Yaqoob is a wealthy Pakistani businessman based in Dubai. He is the owner of ARY Group of Companies.

His parents migrated from Surat in India to Karachi in 1944. He came to Dubai from Pakistan in 1969 to recover some money owed to his father from a friend. But Yaqoob realised that Dubai was a place of opportunities and decided to stay on. It was in Dubai that Yaqoob created his wealth after running his business on a simple "maiz-kursi" format.

In 1972 Yakoob established ARY and opened its first outlet in Fikri market Deira. He also started importing watches, perfumes and cigarettes. Two years later, when his brother, Mohammed Iqbal, joined him, the group branched out into dealing with food and Textiles. Besides catering to the local market, they also began exporting food-stuff to Iran. Yaqoob's current business includes a Gold and Silver trading segment.

Yaqoob is known to provide financial assistance to the Pakistani government in times of need.