Dallah Al-Baraka
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Dallah Al-Baraka Holding Company (DBHC), is a private
multinational corporation A multinational corporation (MNC; also called a multinational enterprise (MNE), transnational enterprise (TNE), transnational corporation (TNC), international corporation, or stateless corporation, is a corporate organization that owns and cont ...
based in
Jeddah Jeddah ( ), alternatively transliterated as Jedda, Jiddah or Jidda ( ; , ), is a List of governorates of Saudi Arabia, governorate and the largest city in Mecca Province, Saudi Arabia, and the country's second largest city after Riyadh, located ...
,
Saudi Arabia Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA), is a country in West Asia. Located in the centre of the Middle East, it covers the bulk of the Arabian Peninsula and has a land area of about , making it the List of Asian countries ...
. The company has holdings throughout the Middle East, North Africa, the Far East and Europe. The company is best classed as a conglomerate with investments including the financial, banking, healthcare, real estate, manufacturing, transportation, and operations and maintenance sectors.


Overview

Dallah Albaraka Holding Company (DBHC) is a multinational private corporation based in Jeddah, Saudi Arabia. DBHC has a broad-based investment portfolio with holdings throughout the Middle East, North Africa, Far East and Europe. It invests across many industries including financial and banking services, health care, manufacturing, real estate, transportation and operations and maintenance.


History

The company began in 1969 as a courier service with the name Dallah Establishment by Saleh Abdullah Kamal in Riyadh. By 1979 was one of the largest contractors for the Saudi government. DBHC was formed as a holding company in 1984 when Dallah Establishment expanded its activities to include
financial Finance refers to monetary resources and to the study and Academic discipline, discipline of money, currency, assets and Liability (financial accounting), liabilities. As a subject of study, is a field of Business administration, Business Admin ...
and
banking services Retail banking, also known as consumer banking or personal banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking (corporate ba ...
,
health care Health care, or healthcare, is the improvement or maintenance of health via the preventive healthcare, prevention, diagnosis, therapy, treatment, wikt:amelioration, amelioration or cure of disease, illness, injury, and other disability, physic ...
,
manufacturing Manufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of the secondary sector of the economy. The term may refer ...
, real estate and
tourism Tourism is travel for pleasure, and the Commerce, commercial activity of providing and supporting such travel. World Tourism Organization, UN Tourism defines tourism more generally, in terms which go "beyond the common perception of tourism as ...
, trading,
agriculture Agriculture encompasses crop and livestock production, aquaculture, and forestry for food and non-food products. Agriculture was a key factor in the rise of sedentary human civilization, whereby farming of domesticated species created ...
, operations and maintenance and
transportation Transport (in British English) or transportation (in American English) is the intentional Motion, movement of humans, animals, and cargo, goods from one location to another. Mode of transport, Modes of transport include aviation, air, land tr ...
. As DBHC continued to grow, major
subsidiaries A subsidiary, subsidiary company, or daughter company is a company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unl ...
were established to manage the investments in key sectors which includes an international network of banks, in addition to investment and insurance vehicles; and general business, which range from hospital operations to cleaning and maintenance to food manufacture and restaurants. Today, DBHC is one of the largest conglomerates in the region, with diversified investments totaling billions of dollars spanning 40 countries. In 1969, DBHC expanded its investments to create Dallah Works and Maintenance Company in Riyadh. That company, benefiting from contracts with the Saudi government, including the cleaning and maintenance of the
Mecca Mecca, officially Makkah al-Mukarramah, is the capital of Mecca Province in the Hejaz region of western Saudi Arabia; it is the Holiest sites in Islam, holiest city in Islam. It is inland from Jeddah on the Red Sea, in a narrow valley above ...
and
Medina Medina, officially al-Madinah al-Munawwarah (, ), also known as Taybah () and known in pre-Islamic times as Yathrib (), is the capital of Medina Province (Saudi Arabia), Medina Province in the Hejaz region of western Kingdom of Saudi Arabia, ...
holy sites, provided the financial launch for increasingly diverse investments. In the mid-1970s, Dallah expanded its investments to include Dallah Avco Trans Arabia Company, which specialized in airport construction, operation, and maintenance. Dallah Avco Arabia attained a large number of airport and related operations in Saudi, such as the 1988 contract to maintain and run the Saudi’s air traffic control system. In 2012 DBHC, the Islamic Development Bank, and the
Qatar Qatar, officially the State of Qatar, is a country in West Asia. It occupies the Geography of Qatar, Qatar Peninsula on the northeastern coast of the Arabian Peninsula in the Middle East; it shares Qatar–Saudi Arabia border, its sole land b ...
i government signed a memorandum of understanding to establish an Islamic Bank with $1 billion in capital. The huge Islamic Bank shall provide “liquidity-management solutions in an effort to create an Islamic inter-bank market,” said Ahmad Mohamed Ali Al-Madani, chairman of Jeddah-based IDB. The Doha-based bank had a subscribed capital of $500 million and finances infrastructure projects.


Philanthropy

As part of an effort to build inter-religious harmony and bridge the West and the Islamic world. In 2015, DHBC CEO Kamel donated $10 million to Yale Law School to establish “Abdallah S. Kamel Center for the Study of Islamic Law and Civilization ” in what has become the country’s top center for the study of Islamic law. The center hosts distinguished scholars in the field of Islamic law and civilization who will spend a semester at the Law School to teach courses in their area of expertise. Visiting professors will also offer public lectures and engage with students and faculty at the Law School and Yale University. DBHC is active in publicizing its social engagement activities, to include support for the Islamic economic centers at King Abdulaziz University, King Saud University, Azhar University, Al-Faisal University and Yale University.


Allegations

In 2005 both Kamel and Al Baraka were cleared of allegations that sections of the holding company were involved in illicit financing . Despite controversy surrounding his philanthropic work, Kamel was never charged with knowingly abetting any extremist groups and has consistently stated that his company and philanthropic work remain committed to fostering dialogue and inter-religious understanding. The ruling by Judge Casey of the United States District Court, Southern District New York "dismissed in their entirety" all claims against Al Baraka and Mr. Kamel.


Major subsidiaries and business units


Dallah Group

Established in 1997, Dallah Group was organized to perform contracts related to the operation and maintenance of
airports An airport is an aerodrome with extended facilities, mostly for commercial air transport. They usually consist of a landing area, which comprises an aerially accessible open space including at least one operationally active surface such ...
and
mosques A mosque ( ), also called a masjid ( ), is a place of worship for Muslims. The term usually refers to a covered building, but can be any place where Islamic prayers are performed; such as an outdoor courtyard. Originally, mosques were simple p ...
,
road construction A road is a thoroughfare used primarily for movement of traffic. Roads differ from streets, whose primary use is local access. They also differ from stroads, which combine the features of streets and roads. Most modern roads are paved. The ...
, driving training schools, traffic control and business solutions, among other business lines.


Dallah Real Estate and Tourism Company

Dallah Real Estate and Tourism Company is a regional real-estate holding company that specializes in real estate advisory, management and development.


Al-Samaha Trade Holding Company

Al-Samaha Trade Holding Company specializes in trade within local and global markets. Its activities include
importation An importer is the receiving country in an export from the sending country. Importation and exportation are the defining financial transactions of international trade. Import is part of the International Trade which involves buying and receivin ...
of
consumer goods A final good or consumer good is a final product ready for sale that is used by the consumer to satisfy current wants or needs, unlike an intermediate good, which is used to produce other goods. A microwave oven or a bicycle is a final good. W ...
, hoist platforms and servicing contracts to operate
e-government E-government (known for electronic government) involves utilizing technology devices, such as computers and the Internet, for faster means of delivering public services to citizens and other persons in a country or region. E-government offer ...
services.


Al-Jazira Transport Company

The Al-Jazira Transport Company focuses on providing transportation services for Pilgrims and Omra visitors. Its activities also include refrigerated transport (a primary hauler for most of the dairy and juice producers in Saudi Arabia) while its fleet comprises more than 400 trucks and trailers in addition to 100 plus towing trucks and trailers for the transportation of dry and liquid materials, over 2,000 vehicles in total.


Dallah Telecom Company

Dallah Telecom was established in 1990 to modernize
telecommunications Telecommunication, often used in its plural form or abbreviated as telecom, is the transmission of information over a distance using electronic means, typically through cables, radio waves, or other communication technologies. These means of ...
and
information technology Information technology (IT) is a set of related fields within information and communications technology (ICT), that encompass computer systems, software, programming languages, data processing, data and information processing, and storage. Inf ...
in Saudi Arabia and other countries in the region. Since its establishment, Dallah Telecom has implemented high-tech projects for wired and wireless telecommunications on regional and international levels. Dallah Telecom provides digital learning systems to Saudi
universities A university () is an educational institution, institution of tertiary education and research which awards academic degrees in several Discipline (academia), academic disciplines. ''University'' is derived from the Latin phrase , which roughly ...
and helps implement long-term
education Education is the transmission of knowledge and skills and the development of character traits. Formal education occurs within a structured institutional framework, such as public schools, following a curriculum. Non-formal education als ...
-development strategies. It also cooperates with local and international companies to develop new business opportunities and manage commercial telecommunications projects.


TeleInvest Limited

TeleInvest Ltd, based on Cayman Islands, focuses and invests in telecommunications companies worldwide.


Other investments

Dallah Albaraka Holding Company holds direct and indirect investments in many private and publicly traded/listed companies including: * Private Equity: ** Al-Manakha Urban Project Development Holding Co. ** Durrat Al-Riyadh Co. ** Dallah Eastbridge Investment Co. ** Dallah Media Production Company ** Dallah for Technology and Alternative Energy ** Ejada ** Food Manufacturing Company (ULKER) ** Makkah Printing and Information Company ** Maad International Co. **
Okaz ''Okaz'' () is an Arabic Saudi Arabian daily newspaper located in Jeddah. The paper was launched in 1960 and its sister publication is '' Saudi Gazette''. The paper is simultaneously printed in both Riyadh and Jeddah and has offices all over Sau ...
** Umm Alqura for Development & Construction * Publicly Listed Companies: ** Majority Investments *** Dallah Health Care Company
*** Al Baraka Banking Group *** Al-Multaka *** Aseer Trading, Tourism & Manufacturing Company *** El-Ismaila Poultry ** Minority Investments *** Jabal Omar Development Company *** Bank Al Jazira *** Reinvention Media, Ltd.


References

{{DEFAULTSORT:Dallah Al-Baraka 1969 establishments in Saudi Arabia Conglomerate companies established in 1969 Companies based in Jeddah Conglomerate companies of Saudi Arabia