Nizar Asaad is a Syrian businessman and one of the most important business people in the Syrian Oil industry. He was selected by the Syrian Economic Journal as one of the "Top 100 Men of the Syrian Republic" in 2010. Assad is a partner in Assad and Pengganp & Co. He has been involved in a number of other businesses, including Ghassan Muhanna, Cham, Syria Aldtin, the United Insure Company, Badia Cement, Bank Audi Syria. He is also on the board of the National Committee of the Syrian International Chamber of Commerce.