History
​The Bolur Corporation was established in 1894.  The Group's main activity originated as the manufacturing and distribution of stainless steel and crystal products -- the Group’s namesake. The Group diversified into the tea business in the 19th century before co-founding the first private bank in West Asia in 1952. The Group then began the regions first private insurance brokerage before banking and insurance activities were nationalized.  The Group is now based in New York and Dubai.
  

A Bolur Corporation wage form from 1915

​Leadership

Abbas A. Bolurfrushan, Chairman 

Abbas Bolurfrushan is the Chairman of the Board of Directors of Bolur Holdings, Kay International, Arya Insurance, Asian Poosheshgar and former Chairman of Hafez Insurance. Mr. Bolurfrushan pioneered the private insurance sector in the Middle East by forming SafeCover, in 1971. 

In addition, Mr. Bolurfrushan is a founding member, and former President, of a local business council in Dubai, founding Governor of the Capital Club, with leadership roles in numerous other philanthropic organisations. 

He is a graduate of the College of Insurance (MBA) in New York and the Academy of Insurance in Cologne, Germany. Mr. Bolurfrushan has been interviewed by numerous international publications including the Council of Foreign Relations, Forbes and the New York Times, 

Arya H. Bolurfrushan, Chief Executive Officer 

Arya H. Bolurfrushan is the Chief Executive Officer of Bolur Holdings, Managing Partner of Accrete Capital, General Partner of Praxi Partners,  Board Member of Elevision Media, Kay International plc and on the Nomination Committee of the Board of Directors of RAK Petroleum plc (RAKP.OL).

Previously, Mr. Bolurfrushan served as General Manager & Chief Financial Officer of RAK Petroleum plc taking the company public on the Oslo Stock Exchange.  Mr. Bolurfrushan began his career at Goldman Sachs in their Investment Strategy Group in New York.  
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Mr. Bolurfrushan led and served on the boards of the Harvard Iranian Alumni, Metropolitan Museum of Art’s Noruz at the Met committee and is a member of the YPO Intercontinental Chapter and the Owners Forum. In addition to studies at Carnegie Mellon, University of Cambridge, the Sorbonne and Cordon Bleu, Mr. Bolurfrushan received an MBA from the Harvard Business School.