Hasan Abdullah Ismaik

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.

The acquisition was followed by a long and controversial discussion about Ismaik's goals and intentions regarding this investment, which is still ongoing (Status as of December 2016).

At the end of the 2016–17 season, TSV 1860 Munich were relegated to the third tier of German football following a play-off defeat against Jahn Regensburg. Unable to resolve his differences with club officials regarding his control of the club, Ismaik refused to provide the approximately ten million euros necessary for a 3.Liga playing license and the club was subsequently automatically relegated even further to the regional fourth tier. Ismaik remains in control.

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.

He signed an MOU with the Egyptian armed forces to build one million houses in Egypt. The project, one of the biggest in the region, aimed to provide housing for lower income individuals. In June 2013, the Board of Directors of Depa Limited, one of the world's leading interior contracting companies, appointed Ismaik as its new chairman. His appointment followed a strong performance by the company across its diverse and robust project catalogue in the first quarter of the year, when the company's revenue increased by 18 percent to AED446 million.

In June 2011, Ismaik bought 60 percent, an investment of €18 million ($25.8 million) of TSV 1860 Munich, a German sports club based in Munich that plays in the 4. Liga. Becoming the first Arab to acquire shares of a German football club, Ismaik claimed that his aim was to safeguard the survival of the club that was one of the founding members of the German national Bundesliga. Due to DFL regulations, Ismaik only has 49 percent of the voting rights; the additional shares are without voting rights.

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 and majority shareholder of the German sports club TSV 1860 Munich; 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.

He pushed plans to diversify his investment portfolio and explored new investment and asset acquisition opportunities in industries as diverse as energy, real estate, construction, transportation, retail and architectural design services. In 2006, Ismaik founded HAMG Group, an Abu Dhabi-based group of investment companies. In addition to HAMG, Ismaik has commercial interest in a wide range of industries including real estate, retail, and architectural design services, among others, across the United Arab Emirates, GCC and the Middle East.

Ismaik was born in Kuwait in 1977 and holds a BA in Business Administration from Al-Mustansiriyah University in Baghdad.

Since the acquisition of the shares, neither the financial situation nor the sporting success of TSV 1860 Munich have improved significantly.