Who is Mohammed Abdul Latif Jameel?
Mohamed Abdul Latif Jameel is the owner of Abdul Latif Jameel Co Ltd (ALJ), the world’s largest Toyota dealership with operations in the Middle East, UK, Central Asia and China.
In 2011 ALJ acquired a 65 percent stake in the Turkish Toyota importer. ALJ is also the exclusive importer of Lexus and Daihatsu in Saudi Arabia.
Abdul Latif Jameel Co Ltd is further active in real estate development, financing, software, advertising, media, and distribution and sales of electronics and appliances.
Mohammed Abdul Latif Jameel owns Saudi Arabia’s largest consumer finance company.
Through its subsidiary Abdul Latif Jameel Outdoor Advertising, the group is one of the leading outdoor media companies. The group owns 400 billboards in Saudi Arabia.
Abdul Latif Jameel Electronics and Air-conditioning Co., Ltd. is the sole distributor for brands like Toshiba, Sharp, Dora, White Westinghouse in Saudi Arabia. ALJ has more than 10,000 employees.
Abdul Latif Jameel Net Worth
Arabianbusiness.com estimates the net worth of Mohamed Abdul Latif Jameel at more than US$ 5 billion, this makes him one of the Arab world’s richest people.