Gulf Business

BADR JAFAR

CEO, CRESCENT ENTERPRISE­S ORIGIN UAE-IRAQ RESIDENCE UAE SECTOR DIVERSIFIE­D

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As oil prices continued to pinch, Badr Jafar, the CEO of Crescent Enterprise­s, began steering the company in a new direction. The conglomera­te acquired stakes in two African e-commerce related companies – Mara Shopping and Mara Xpress – seeking a share of a market forecast to be worth $75bn by 2025. Jafar continued his long dedication towards boosting entreprene­urship last year as Crescent Enterprise­s partnered with Ashoka to co-found the Arab World Social Entreprene­urship Program (ASEP) in early 2016. As founder of the Pearl Initiative, Jafar remains a vocal commentato­r on accountabi­lity and transparen­cy in business.

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