In Memoriam: Mohammed Iqbal Shaban

Mohammed Iqbal Shaban, president and co-founder of Dubai, United Arab Emirates (UAE)-based Lucky Group, died Feb. 10 in Dubai.

“He will forever stay in our hearts. May Almighty rest the departed soul in peace and grant him eternal place in heaven,” reads an announcement sent by Lucky Group via email in late February.

Iqbal was the younger brother of co-founder Dilawar Shaban, who served as the company’s board chair until his death in 2016.

The Shaban brothers founded Lucky Group in 1973 after they committed to a future in nonferrous scrap trading and processing after trying several entrepreneurial ideas.

By 2011, when the firm was profiled by Recycling Today,  several Shaban family members were involved in the company. At that time, it had processing locations or trading offices in the UAE (including a secondary aluminum alloys plant), Qatar and Canada and a liaison office in Shanghai.

Condolence messages to the family can be sent to family@shaban.com.