Abdul Latif Jameel

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Abdul Latif Jameel Company Ltd
Private
Founded1945
FounderAbdul Latif Jameel
Headquarters,
Area served
Worldwide
Key people
  • Mohammed Abdul Latif Jameel (President & CEO)
  • Fady M Jameel (Deputy President & Vice Chairman, International)
  • Hassan M Jameel (Deputy President & Vice Chairman, Saudi Arabia)
ServicesTransportation
  • Passenger vehicles
  • Commercial vehicles & equipment
  • Logistics
Engineering
Manufacturing
Funding
Land and Real Estate
Energy and Environmental
Consumer Products
Advertising media
Websitewww.alj.com

Abdul Latif Jameel refers to a diversified business founded in Saudi Arabia in 1945[1] by the late Sheikh Abdul Latif Jameel (1909 – 1993)[2]. Its core business sectors include:

  • Transportation – including the import, distribution, wholesale and retail of passenger vehicles, commercial vehicles and equipment and logistics.
  • Engineering and Manufacturing – including automotive parts manufacturing.
  • Financial Services – including automotive, consumer products and real estate financing and insurance brokerage services.
  • Energy and Environmental Services – including renewable energy (particularly solar PV, but also wind), energy efficiency and environmental services (including water solutions).
  • Land and Real Estate – including residential and commercial property development and commercial property investments.
  • Advertising and Media – including out-of-home media and a full service marketing and advertising agency.
  • Consumer Products – including import, distribution wholesale and retail of consumer durables and electronics (brown and white goods) and an ecommerce platform.

Abdul Latif Jameel has a presence in over 30 countries across 6 continents and employs around 15,000 people of over 43 nationalities.

History[edit]

The company was founded by Abdul Latif Jameel and began operations as a gas station in Jeddah in 1945. It began importing Toyota Land Cruiser automobiles in 1955 and became Toyota's sole distributor in Saudi Arabia. Through its partnership with ALJ, Toyota became one of the most popular automobile brands in Saudi Arabia, with a market share periodically reaching as high as 40 percent.[3]

ALJ acquired a solar power business from the Spanish firm Fotowatio Renewable Ventures (FRV) in 2015. FRV's portfolio included a controversial solar farm in Moree, Australia, which The Australian reported may benefit from up to AUD 168 million in government subsidies.[4] The solar portfolio also includes three solar farms in Jordan that generate 435 million kWh annually.[5]

In 2016, ALJ announced plans to invest $2 billion of its own funds over the next five years, to include power generation projects and an expansion of its core motor vehicle business.[6]

From 2013 to 2019 ALJ sponsored the Saudi Professional League, which was known during that time as the "Abdul Latif Jameel League", or "Dawry Jameel".[7][8][9][10]

Management[edit]

The company is owned and controlled by the Jameel family, which Forbes ranked as the fourth-richest family in the Arab world as of 2017, with a total estimated net worth of $2.2 billion. The founder, Abdul Latif Jameel, ran the company from its formation until his death in 1993, when his son, Mohammed Abdul Latif Jameel, became chairman and president.[11] Mohammed's eldest son, Fady Mohammed Abdul Latif Jameel, serves as deputy president and vice chairman of Abdul Latif Jameel.[12][13][14] Mohammed's middle son, Hassan Jameel, serves as deputy president and vice chairman of domestic Saudi Arabia operations.[15][16]

Operations[edit]

Abdul Latif Jameel is a diversified business composed of independent entities its presence in 30 countries across six continents employing over 15,000 representing over 43 nationalities.  It operates in seven business sectors: transportation (passenger cars; commercial vehicles and equipment; expanded vehicle services (such as accessories) and logistics); engineering and manufacturing; financial services; energy and environmental services; land and real estate; advertising and media, and consumer products.

It has dual headquarters in Jeddah, Saudi Arabia and Dubai, United Arab Emirates and affiliated corporate offices in Riyadh, Saudi Arabia, Istanbul Turkey and Tokyo Japan.

Divisions include:

Abdul Latif Jameel Motors the passenger car division distributing Toyota and Lexus in Saudi Arabia and other markets across the Middle East, Europe and Asia, and Ford in Egypt.
Abdul Latif Jameel Machinery the commercial vehicle, heavy equipment and materials handling division distributing Komatsu, Toyota, BT and Raymond brand fork lift trucks, HINO trucks, Manitou tele-handlers, and Loxa cement equipment and Teksan generators in Saudi Arabia and North Africa.
Abdul Latif Jameel Finance in Saudi Arabia and with affiliates in Turkey and Egypt.
Abdul Latif Jameel Energy the renewable energy and environmental services division.
Abdul Latif Jameel Land the real estate development division in Saudi Arabia.
Abdul Latif Jameel Electronics the consumer products division in Saudi Arabia.

There is also an advertising and media division consisting of the advertising agency DelphysME (a JV with Delphys of Japan) and the company’s captive outdoor advertising company in Saudi Arabia, and an engineering and manufacturing division consisting of the aftermarket vehicles parts businesses.

See also[edit]

References[edit]

  1. ^ "Emaar, Abdul Latif Jameel Create JV To Develop Projects In Saudi". Gulf Business. 18 February 2014. Retrieved 12 June 2019.
  2. ^ "Sheikh A.L. Jameel: The man behind Toyota in Saudi Arabia". Arab News. November 16, 2012. Retrieved 12 June 2019.
  3. ^ "Abdul Latif Jameel: A Saudi-Japanese success story". english.alarabiya.net. 2 September 2016. Retrieved 12 June 2019.
  4. ^ "Solar farm defends itself over its renewable energy subsidies". www.theaustralian.com.au. Retrieved 2017-09-28.
  5. ^ "Abdul Latif Jameel Energy to power over 120,000 homes in Jordan". Arab News. 2017-09-27. Retrieved 2017-09-28.
  6. ^ "Saudi conglomerate Abdul Latif Jameel plans to invest $2bn over next five years". The National. Retrieved 2017-09-27.
  7. ^ Aboulkheir, Rajia (25 February 2015). "Meet Jameel, the Saudi Football League's new showman". Al Arabiya English. Retrieved 27 January 2019.
  8. ^ "Abdul Latif Jameel marks a year of success at SIMS '13". Saudi Gazette. 3 January 2014. Retrieved 27 January 2019.
  9. ^ "Jameel League sponsorship hits the target". Opening Doors. Abdul Latif Jameel. Winter 2016. Retrieved 27 January 2019.
  10. ^ Varvodic, Marin (24 January 2016). "Al RiyadyaTV (Saudi Sport) - live on sat football via Nilesat 7°W". SportEventz. Retrieved 27 January 2019.
  11. ^ "The Arab World's Richest Families 2017 - Forbes Middle East". Forbes Middle East. Archived from the original on 2017-09-29. Retrieved 2017-09-28.
  12. ^ "Abdul Latif Jameel Land receives prestigious award for pioneering residential development in Jeddah". Abdul Latif Jameel. May 29, 2019. Retrieved June 13, 2019.
  13. ^ "Abdul Latif Jameel Starts Operations At Its Lilyvale Solar Plant In Australia". Middle East Utilities. April 11, 2019.
  14. ^ "Abdul Latif Jameel and Four Principles launch Japanese business philosophy program". Arab News. March 31, 2018.
  15. ^ "Hassan Jameel". Family Business Council-Gulf. Retrieved February 20, 2019.
  16. ^ "Biographies of UTokyo Global Advisory Board Members". University of Tokyo. November 2018.

External links[edit]