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Friday, March 9, 2012

Fiyaz family, Pakistani billionaires

Alshair Fiyaz and his brother Javaid Fiyaz are two Pakistani investors. Fiyaz family is estimated to be billionaire and has estimated wealth of 3 billion pounds. Fiyaz family has mainly earned their fortune from textile industry and shipping.

Alshair Fiyaz is the founder of ALFI investments, a buy-out company. Through ALFI investments.  ALFI investments hold stakes in shipping business, retailing, financial services, and commodities.

ALFI operated Illum department store and then sold it to a private equity firm MGPA. Alshair Fiyaz was also bidding for peacock fashion retailer, but later changed his mind and abandoned the rescue bid for fashion chain.

In 2009 ALFI acquired Novum Securities, a UK broking organization.
Alshair Fiyaz was also founding director of real estate firm Iron House Limited.

Javed Fiyaz, is a young entrepreneur having interests in real estate, shipping, oil and gas, commodities, mining and consumer goods. He is based in U.K.
He is presently working for Iron House Limited.
He also works for education and health in Pakistan through his charitable trust named Javed Fiyaz Charitable Trust. This trust was established to help victims of earthquake, that struck Pakistan in 2005.

Yachting
Recently Alshair Fiyaz purchased yacht which was formerly owned by H.H. Muhammad Al Zayed
Al Nahyan. Name of his yacht is Ecstasea.

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