Understanding the Impact of Saleh Abdulla Kamel
In the realm of business magnates, few have left as indelible a mark on Saudi Arabia’s corporate landscape as Saleh Abdulla Kamel. Born in 1941, Kamel’s journey spanned nearly eight decades, culminating in a vast empire that touched numerous industries. From banking to telecommunications, his influence was undeniable, molding the future of business in the region.
Key Takeaways:
- Personal Life: Saleh Abdulla Kamel was born in 1941 and passed away in 2020, leaving behind a rich legacy.
- Business Empire: Founder of the Dallah Al-Baraka Holding Company (DBHC), a private multinational based in Jeddah.
- Sectoral Influence: From construction to telecommunications, and banking, Kamel’s footprint was extensive.
- Net Worth: His estimated net worth stood at a staggering $2 billion.
Dallah Al Baraka Group: A Glimpse into a Legacy
Starting in 1969 as the humble Dallah Establishment courier service, Saleh Abdulla Kamel’s vision rapidly expanded, transforming it into one of the largest contractors for the Saudi government in just a decade. The now-renowned Dallah Al-Baraka Holding Company (DBHC) is headquartered in Jeddah, and its multifaceted operations span various sectors, from infrastructure to technology.
A testament to its immense scale, the company boasts a workforce of over 60,000 employees. The transport arm, Al-Jazira Transport Company, manages an impressive fleet of more than 400 trucks and trailers. Meanwhile, Dallah Telecom, established in 1990, stands at the forefront of the telecommunications and information technology revolution in Saudi Arabia, bringing digital learning systems to the nation’s universities.
Banking too saw Kamel’s touch, with the Al Baraka Banking Group emerging as a leader in international Islamic banking. Catering to a vast population across multiple nations, the group operates over 700 branches, exemplifying Kamel’s expansive vision.
Understanding Saleh Abdulla Kamel’s Financial Stature
An empire of such magnitude comes with commensurate financial rewards. At the time of his passing, Saleh Abdulla Kamel’s net worth was estimated at an impressive $2 billion, marking him as one of the region’s most influential billionaires.
Sources
Dallah Al-Baraka – Wikipedia
Saleh Abdullah Kamel – Wikipedia
Saleh Kamel (forbes.com)
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