Fadi Ghandour

Fadi Ghandour (born 1959)[1] is a Jordanian Lebanese entrepreneur, investor, and philanthropist. He is the Executive Chairman of Wamda Group, a platform that builds and invests in entrepreneurship ecosystems across the Middle East and North Africa, Turkey and East Africa through Ecosystem Development programs and a Venture Capital fund investing in technology-enabled companies that operate in these markets.

Fadi Ghandour
Born
Fadi Ali Ghandour

1959
Beirut
Alma materGeorge Washington University
Known forAramex

Ruwwad for Development

Mena Venture Investments (MVI)

Wamda, Wamda Capital
TitleExecutive Chairman, Wamda Group
Parent(s)Ali Ghandour and Altaf Daher

The son of Ali Ghandour, founder of Royal Jordanian Airlines, and Altaf Daher, Fadi Ghandour was born in Beirut in 1959.[2] He graduated from George Washington University in Washington, D.C. in 1981.[2][3]

In 1982, he co-founded Aramex[4] with Bill Kingson. Aramex is one of the largest package delivery and logistics companies in the Middle East and North African region, a market previously unevenly served by other courier services.[1][5] In 1997, Ghandour took Aramex public on NASDAQ, making it the first company from the Arab world to be listed on an American stock exchange,[1] before taking it private again in 2002. Aramex went public once more in 2005 and is currently listed on the Dubai Financial Market (DFM).[6] It is now a global logistics and transportation provider, employing over 17,000 people working in over 600 offices across 70 countries.[7]

Ghandour stepped down as CEO of Aramex in 2012, concluding a thirty-year tenure.[8] He remains on the company's board.

He is also the Founder and Chairman of Ruwwad for Development,[3] a private sector led community empowerment platform supporting marginalized communities through activism, civic engagement, education and financial inclusion operating in Jordan, Lebanon, Palestine and Egypt.[1][3] Ruwwad was launched in 2005, and focuses on three areas of impact through its Youth Organizing, Child Development, Community Support, and Community-led Campaigns.

Ghandour is a key figure and active member of MENA's startup ecosystem. He is a founding investor of Maktoob, acquired by Yahoo![9] in 2009.

Throughout his years as serial entrepreneur and mentor in MENA, Ghandour identified gaps he believed were stalling the growth of the region's entrepreneurship ecosystem, namely opening regional markets, financing and mentorship.[10] Ghandour also called on corporates to be further engaged in supporting entrepreneurship in their markets, and has coined the term ‘Corporate Entrepreneurship Responsibility’.[11]

In 2010, he launched MENA Venture Investments (MVI), an angel investment company, to invest in tech-enabled businesses at the seed stage. MVI invested in companies such as Souq.com, initially an auction site linked to Maktoob and later spun off as an e-commerce platform, which was acquired by Amazon in 2016.[12]  

In parallel to MVI, Wamda.com was launched to offer a knowledge and research platform as well as community programs for entrepreneurs and supporting stakeholders in the MENA region. In 2014, Ghandour launched Wamda Capital, an early-stage investment fund, focusing on investing in early-stage technology startups in the Middle East, Turkey and East Africa.

References
  1. "Fadi Ghandour - Creating Emerging Markets". Harvard Business School. Retrieved July 16, 2018.
  2. "Fadi Ghandour - Creating Emerging Markets". Harvard Business School. Retrieved July 16, 2018.
  3. MacBride, Elizabeth (2015-02-19). "Arab millionaire's fight to crush radicalization". www.cnbc.com. Retrieved 2019-03-12.
  4. Ghandour, Fadi (2011-03-01). "How I Did It: The CEO of Aramex on Turning a Failed Sale into a Huge Opportunity". Harvard Business Review (March 2011). ISSN 0017-8012. Retrieved 2019-03-12.
  5. Mahajan, Vijay (2012-07-13). The Arab World Unbound: Tapping into the Power of 350 Million Consumers. John Wiley & Sons. ISBN 9781118236420.
  6. "ARMX:DFM Stock Quote - Aramex PJSC". Bloomberg.com. Retrieved 2019-03-12.
  7. "Aramex Annual Report 2017" (PDF). Aramex. 2017. Retrieved March 11, 2019.
  8. "Aramex chief steps down after 26 years". The National. Retrieved 2019-03-12.
  9. "Confirmed: Yahoo Acquires Arab Internet Portal Maktoob". TechCrunch. Retrieved 2019-03-12.
  10. Arabic; Africa, Middle East &. "Aramex's Fadi Ghandour Unfolds His Roadmap for Budding Entrepreneurs in the Middle East". Knowledge@Wharton. Retrieved 2019-03-12.
  11. "Corporate Entrepreneurship Responsibility, by Fadi Ghandour". Wamda. Retrieved 2019-03-12.
  12. "Amazon Buys Souq.com as Middle East Online Market Takes Off". 2019-03-11. Retrieved 2019-03-12.
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