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Abdul Latif Jameel

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Abdul Latif Jameel Company Ltd
Company typePrivate
Founded1945 (1945)
FounderAbdul Latif Jameel
HeadquartersJeddah, Saudi Arabia
Area servedWorldwide
Key people
  • Mohammed Abdul Latif Jameel (President & CEO)
  • Fady M. Jameel (Deputy President & Vice Chairman, International)
  • Hassan 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 is a family-owned, diversified business founded in Saudi Arabia in 1945 by the late Sheikh Abdul Latif Jameel (1909–1993). Operating across seven core business sectors, Abdul Latif Jameel has a presence in over 30 countries across six continents.

History

1940s–60s

Abdul Latif Jameel was founded in Jeddah, Saudi Arabia in 1945 by Sheikh Abdul Latif Jameel. It became a Toyota distributor in the Kingdom in 1955.

1970s–2000s

In 1979, Abdul Latif Jameel United Finance Company (ALJUF) was established.

In 1996, Abdul Latif Jameel established a general trading company in Japan, which now has an experiential open business centre in Tokyo.

The company also established a Toyota distributorship in Turkey.

2010s–present day

Abdul Latif Jameel and Sumitomo Corporation formed a JV (known presently as Abdul Latif Jameel Machinery) in 2013 to distribute Komatsu heavy equipment in Saudi Arabia.

In 2013, King Abdullah Economic City and Abdul Latif Jameel signed an agreement for the purchase of 1.5 million sqm of land in KAEC-Industrial Valley. The company agreed to invest SR 1.2 billion to build a complex for the import, distribution, component manufacture and assembly of cars. The next year, Abdul Latif Jameel signed a joint venture MoA with the Dubai-based regional property developer, Emaar Properties.

Abdul Latif Jameel also began a joint venture with the Spain-based company Fotowatio Renewable Ventures (FRV) in 2014, and acquired FRV in 2015.

In May 2016, Abdul Latif Jameel opened and launched the first Lexus brand distributorship in Turkey. In the same year, the company also announced its intention to invest US$2.2 billion in Saudi Arabia over the next 5 years as part of its long-term expansion plans. This includes an expansion of the Toyota outlet network, the opening of a Lexus showroom in Riyadh Saudi Arabia, and the opening of a new flagship Komatsu facility in Jeddah, Saudi Arabia. In 2016, Abdul Latif Jameel Land began building J│ONE Residences, its first residential project in Jeddah, Saudi Arabia.

At the World Future Energy Summit 2017, in Abu Dhabi, Abdul Latif Jameel Energy announced the launch of Almar Water Solutions. Abdul Latif Jameel Energy also started construction on two of the largest solar projects in Jordan. The projects, called Mafraq I &II, are scheduled to generate approximately 2% of Jordan's total generation capacity. In the same year, the company's electronics division was rebranded and re-launched as Redsea.

In April 2018, Abdul Latif Jameel Land launched J|ONE residencies. In October, it established the first Lexus showroom in Morocco, launching it at the Auto Expo 2018 in Casablanca. In the same year, Abdul Latif Jameel Energy also announced its first large-scale solar project in India: the 138-MW DC Solar Farm in Andhra Pradesh. Abdul Latif Jameel Machinery also announced a strategic partnership with Kanoo Machinery.

Abdul Latif Jameel Energy established a wind energy project in 2019 in Japan. Supported by the regional power companies Hokkaido Electric Power Company and Tohoku Electric Power Co., Inc., Abdul Latif Jameel Energy launched its first micro wind turbines at Cape Erimo, Japan’s “Wind Town”. In the same year, Abdul Latif Jameel Land and the Al Muhaidib Group partnered to launch a new joint venture, Muheel, an Integrated Facilities Management company (IFM) in Saudi Arabia. Abdul Latif Jameel Logistics launched an express delivery service and e-commerce brand, S:mile.

In April 2019, Abdul Latif Jameel Motors was awarded the Gold Award for Business Transformation, for its JSAP program at the annual SAP Quality Awards, presented at a ceremony in Heidelberg, Germany. In the same year, Almar Water Solutions, a part of Abdul Latif Jameel Energy, acquired a contract to develop a desalination plant in the city of Shuqaiq, on the Red Sea coast of Saudi Arabia.

In November 2021, it was reported that Abdul Latif Jameel's investment unit had accumulated almost 114 million shares in Rivian, which was valued at almost $11.5 billion on the closing day of Rivian's IPO.

In September 2022, the company was listed by Forbes in the Middle East's Top 100 Arab Family Businesses, ranking seventh.

Management

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. Mohammed's eldest son, Fady Mohammed Abdul Latif Jameel, serves as deputy president and vice chairman of Abdul Latif Jameel. Mohammed's middle son, Hassan Jameel, serves as deputy president and vice chairman of domestic Saudi Arabia operations.

Subsidiaries

The company currently owns and operates the following subsidiaries:

Abdul Latif Jameel Enterprises: The diversification arm of the group in Saudi Arabia.

Abdul Latif Jameel also has 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. It also has an engineering and manufacturing division that handles the aftermarket vehicle parts businesses.

Philanthropy

  • Abdul Latif Jameel Community Initiatives, the global philanthropy of Abdul Latif Jameel, was established in 2003. It was renamed Community Jameel in 2016. It engages in socio-economic initiatives across sixfocus areas:
  1. Job creation across the Middle East (through Bab Rizq Jameel)
  2. Global poverty alleviation
  3. Global water and food issues
  4. Education and training
  5. Health and social schemes
  6. Promoting Arabic arts and culture through Art Jameel
  • In 2005, with support from Abdul Latif Jameel Community Initiatives, the Poverty Action Lab based at MIT was renamed the Abdul Latif Jameel Poverty Action Lab (J-PAL), in honor of Sheikh Abdul Latif Jameel.
  • In 2006, Art Jameel (the sister organization of Community Jameel that engages with arts and culture), launched the first Jameel Prize, an international award for contemporary art and design inspired by Islamic tradition, at the V&A.
  • In 2007, Community Jameel created Bab Rizq Jameel (BRJ) which was to be dedicated entirely to job creation programs, including training programs designed to end in employment. Between 2003 and 2015, BRJ helped approximately 490,000 people in Saudi Arabia and around 720,000 people across the region to find employment. In 2015, Bab Rizq Jameel generated 81,057 employment opportunities in Saudi Arabia. BRJ also set up the Jameel Bazaar, which is a commercial incubator space that allows female entrepreneurs to open their small shops and offices.
  • In 2011, Community Jameel inaugurated a new branch of Bab Rizq Jameel in Istanbul, Turkey.
  • In 2014, the Abdul Latif Jameel World Water and Food Systems Lab (J-WAFS) at MIT was created to conduct research aimed at preventing the shortage of food and water due to climate change and population growth. In 2015, a program for the commercialization of this research was formed.
  • Saudi Aramco announced its partnership with Community Jameel for a traffic safety program in Saudi Arabia’s Western region in July 2014.
  • In March 2015, BRJ won an award in the CSR category of the Arab Social Media Influencers Awards.

See also

References

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  2. Luqman, Farouk (2012-11-16). "Sheikh A.L. Jameel: The man behind Toyota in Saudi Arabia". Arab News. Retrieved 2019-11-05.
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  58. Posted by CSR Middle East on February 1, 2012 at 6:45pm; Blog, View. "A Family Business Setting Standards in Job Creation". csrmiddleeast.org. Retrieved 2019-12-16.{{cite web}}: CS1 maint: numeric names: authors list (link)
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  60. "Bab Rizq Jameel Starts Operations in Turkey | Abdul Latif Jameel®". Abdul Latif Jameel. Retrieved 2019-12-16.
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