Fatima Obaid Al Jaber
Fatima Obaid Al Jaber is the chief operating officer of Al Jaber Group – the family-owned construction and industrial products business which has been trading since 1970.
The company is one of the biggest privately-owned conglomerates in Abu Dhabi. Construction still makes up the bulk (51%) of the group’s revenues, and it has developed a specialism in the construction of road networks across the GCC.
In October, it won a contract for an undisclosed sum to develop new highways and utility networks for the new Lusail City being developed to the north of Doha on behalf of Qatari Diar.
It also has divisions selling and leasing plant and machinery, a specialist heavy lifting division and a building materials arm which manufactures aluminium, steel, glass, wood, lighting, spare parts, bitumen and a range of other products.
However, in recent years it has been weighed down by concerns over the level of its borrowings. As the market recovers, these appear to be easing and in March it was reported that the group had agreed a deal with its five main lenders – NBAD, ADCB, RBS and Union National Bank – to restructure its $4.5bn debt pile.
The deal did not involve a reduction in the amount owed by the company, but it did extent the time in which repayments had to be made, opening the door for more cash to be used to pursue new opportunities.