Hasan Abdullah Ismaik information

Hasan Abdullah Ismaik (Arabic: حسن عبدالله إسميك) is a Jordanian businessman and Chairman of Hasan Abdullah Mohammed Group (HAMG Group), a UAE-based group of investment companies founded by Ismaik in 2006. He owns Marya Development & Real Estate Investment LLC, a private investment company in the United Arab Emirates with a diversified investment portfolio that includes projects worth US$4 billion. He is the Chairman of Al-Ashmal Real-Estate Investment Co. in Jordan; and Chairman of publicly listed Masaken for Land and Industrial Development Projects (Masaken Capital). In 2014, Forbes Magazine listed Ismaik as the first Jordanian billionaire and the third-youngest billionaire in the Middle East.^[1][2]

Ismaik had his name in the media when the shares in Depa had risen steadily over one year, increasing from about 40 fils in August 2013 to a high of 71 fils in June 2013 that was the day before he resigned from his position as the chairman of Depa, leaving the Nasdaq Dubai-quoted firm, Arabtec without a chairman. However, the company drastically scaled back its plans after Mr Ismaik abruptly resigned, sending shares into a freefall and leaving question marks hanging over non-core business of Ismaik.^[3]

Furthermore, in March 2016 thereby were rumours that Hasan Ismaik, will be appointed to the board of Arabtec again, however "the rumours over the appointment of Mr Hasan Ismaik as chairman or member of the board of directors of Arabtec are false and are not based on any true facts or events," Arabtec said in a bourse filing.^[4]