The story of Saleh Kamel .. From raft to fortunes in 40 countries

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Source: Cairo – Khaled Hosni

Yesterday, the Saudi businessman, Saleh Kamel, was absent from death after a long journey of success, whether inside the Kingdom or abroad, so that his investments could be found in more than 40 countries around the world.

The late Saleh Kamel was born in 1941 in Mecca to a family that used to do rafting, and his father worked as general director of the Cabinet Office. He received his primary and intermediate education in Mecca and Taif, and secondary in Jeddah. He obtained a Bachelor of Commerce from the University of Riyadh in 1963.

During the study period, he established the Saudi Scout House and Office, and began his career in the raft as a profession for his family, then joined the Ministry of Labor and Social Affairs, where he worked in the Department of Youth Welfare. After a short period, he moved to the Ministry of Finance and after 10 years he left government work and turned to the private sector until he owned and managed huge wealth distributed to 300 companies, banks and institutions in more than 40 countries around the world.

In February of last year, “Bloomberg” agency said that the late Saleh Kamel’s fortune decreased by 700 million dollars and fell to 3 billion dollars, and he gave up 60% of the shares of MBC Media.

The late chaired the board of directors of Dallah Al Baraka Group, which includes a group of companies such as Al Baraka Investment and Development Company, Al Baraka Banking Group, Al-Tawfiq Financial Group, Aseer, Arab Media Company and Arab Media Company, Radio and Television Arab ART and Dallah Group Company, Dallah Real Estate and Tourism Development Company, Company Durrat Al-Arous and others. He headed the Board of Directors of the Islamic Chamber of Commerce and the Committee of Participants in the Islamic Banking Portfolio and the General Council of Islamic Banks and Financial Institutions.

He also chaired the Board of Trustees of the Egyptian Zakat Foundation and is a member of the Board of Trustees of the King Abdul Aziz Foundation and its men for the gifted, the Arab Thought Foundation and the Arab Media Foundation.

The non-profit establishments erected by the late Saleh Kamel include the Center for Islamic Economic Research at King Abdulaziz University in Jeddah, the Saleh Abdullah Kamel Center for Islamic Economics at Al-Azhar University in Egypt, and the Jeddah Center for Science and Technology in Jeddah.

The late loved the commercial business from a young age, and he liked the field of work and investment, and when he was young, he made simple mini-games and sold them to his owners, followed by editing a number of magazines and selling them, and at another stage he imported some products and sold them.

At the university level, he established a small printing press to copy the students’ notes and continued his work in this small press until he graduated from the university stage, and he worked in government work so he worked in the governmental work in the morning and in the evening he was doing his printing matters, in addition to doing a number of other projects that were growing and varied with time passing.

During his work at the Ministry of Post, Telegraph and Telephone before becoming the Saudi Ministry of Communications and Information Technology, the company submitted a tender for the transmission and distribution of internal mail, so he undertook his new project, the Tawaf Post Project, where he collected his savings from his previous projects and worked on purchasing a large number of cars for distribution Mail This project achieved great success and lasted about 15 years.

After that, he established the Dallah Al Baraka Group Company in 1982, which subsequently diversified the areas of its activities in various fields of investment, including media, tourism, banking, real estate, etc., and this company is one of the most famous investment companies in Jeddah. . He also founded the Saudi “Okaz” publishing house, and he is a shareholder in the Saudi newspaper Al-Watan.



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