ArabianBusiness.com - Middle East Business News
Monday, 23 September 2019 14:19 UAE time
 
14#  Saleh Kamel  - picture not available
14# Saleh Kamel

Net Worth: US$ 4.9 Billion
Country of Residence: Saudi Arabia
« Back to List
 
Saleh Kamel and his company have investments of billions of dollars across 40 countries, after 40 years of leveraging a close relationship with the Saudi government to lucrative effect.

During the oil boom of the 1960s, Kamel put his company forward for a string of infrastructure contracts, so helping turn the government's vision into a reality.

The successful delivery of roads, pipelines and sewerage networks led to a contract to maintain the pilgrimage sites and Holy Mosques of Mecca and Medina, and public works continued with the Dallah Avco Trans Arabia Company, which was responsible for building and maintaining Saudi's airports.

Kamel's smart business sense has since enabled him to expand from construction into banking, real estate, healthcare and even media - he founded both Middle East Broadcasting Centre (MBC) and Arab Radio & Television (ART) - and Dallah Albaraka has spent the last decade as one of the Kingdom's best-performing companies.

Kamel personally owns 30 percent of Albaraka Banking Group, a conglomerate that he founded and that runs a vast Islamic banking operations, as well as real estate, construction and manufacturing interests. Dallah holds another stake close to 25 percent.

Kamel is also heading an alliance to launch the world's biggest Islamic bank before the end of this year, with an IPO of $3bn.
 

 

READERS' COMMENTS

Disclaimer: The views expressed here by our readers are not necessarily shared by ArabianBusiness.com or its employees.

Click here to post a comment


Add your Comment
All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Arabian Business would like to point out that only comments relevant to the story will be published. Any containing personal insults or inappropriate language will not be approved.
Name *
Remember me on this computer
Email *
(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments


Please click post only once - your comment will not be published immediately.

Meet The Boss