Saleh Kamel

$2.30 B

Ranked #896 in World

About Saleh Kamel

Saleh Abdullah Kamel, born in Mecca in 1941 and a pioneering figure in Islamic finance, passed away on 18 May 2020. With a net worth of US$10.6 billion as of March 2017, Kamel founded Dallah Albaraka, a multinational holding influential in various sectors. Esteemed as the chairman of the Jeddah Chamber of Commerce and the Islamic Chamber of Commerce, he was instrumental in promoting Saudi Arabia's economic prominence. He was lauded for his philanthropic efforts and his pivotal role in the development of Saudi Public Transport Company (SAPTCO). Kamel, who owned the ART TV network and Durrat Al-Arus resort, faced arrest during a Saudi corruption crackdown on 4 November 2017. Despite controversies, including allegations linked to the 9/11 attacks which were dismissed in 2005, Kamel's contributions to Islamic finance and civil services, like maintaining pilgrimage sites, have left an enduring legacy. He was married to Egyptian actress Safaa Abu Al Saud, and survived by his children. Kamel's life journey from Mecca to becoming a financial magnate underscores his significant impact on Saudi Arabia’s economic and social landscape.

Born

April 01, 1941 in Mecca, Saudi Arabia

Died

May 18, 2020 (aged 79)

Source Of Wealth

Banking, Healthcare

Industries

Diversified

Citizenship

Saudi Arabia

Education

Master of Business Administration, King Abdulaziz University

Spouse

Safaa Abu Al Saud, Maydah Nazer

Children

Saleh Abdullah Kamel was born in Mecca in 1941. He received his early education in Mecca, Taif, and Jeddah. In 1963, he earned a bachelor's degree in commerce from the University of Riyadh.

Saleh Kamel: Wealth

Saleh Abdullah Kamel was a prominent Saudi businessman with a net worth estimated at US$10.6 billion as of March 2017. He was the founder and chairman of Dallah Albaraka, a multi-national holding company with investments in various sectors.

Saleh Kamel: Career Highlights

Saleh Abdullah Kamel held several prominent positions throughout his career. He served as the Chairman of the Jeddah Chamber of Commerce and Industry, as well as the Islamic Chamber of Commerce. He was also known as "the father of contemporary Islamic finance" and led numerous projects to promote Saudi Arabia as a regional economic force.

Additionally, Kamel was instrumental in the creation of the Saudi national bus company, Saudi Public Transport Company (SAPTCO). He actively promoted philanthropy and advocated for the proper collection and use of zakat. He also served on boards of trustees and directors in various social, charitable, and cultural organizations.

Saleh Kamel: Companies

Saleh Abdullah Kamel was the founder and chairman of Dallah Albaraka, a multi-national holding company with investments in various sectors. He also owned Durrat Al-Arus, a resort in Jeddah, Saudi Arabia, and the ART TV network, which broadcast the 2002 and 2006 FIFA World Cups in the Middle East.

Saleh Kamel: Major Achievements

Saleh Abdullah Kamel made significant contributions to the development of Saudi Arabia's economy and infrastructure. He was behind the creation of the Saudi national bus company, Saudi Public Transport Company (SAPTCO), and played a key role in promoting philanthropy and advocating for the proper collection and use of zakat.

Kamel also moderated plans for the City Hall, including garbage collection and traffic police initiatives. His companies maintained pilgrimage sites and Holy Mosques in Mecca and Medina, ensuring the well-being of millions of pilgrims each year.

Saleh Kamel: Awards & Achievements

Saleh Abdullah Kamel received numerous medals, titles, and prizes for his contributions to various fields.

His achievements were widely recognized and celebrated both in Saudi Arabia and internationally.

Saleh Kamel: Personal Life & Legacy

Saleh Abdullah Kamel was married to Egyptian actress Safaa Abu Al Saud and had one daughter. He also had a son named Abdullah with another wife. Kamel lived in Jeddah, Saudi Arabia, and passed away on 18 May 2020 at the age of 79.

Saleh Kamel: Trivia

Saleh Abdullah Kamel's Dallah al Baraka Group was named in a lawsuit by families of 9/11 victims, alleging that the company provided financial support to terrorist organizations. However, all claims were dismissed by the U.S. District Court of Southern New York in 2005.

Wealth History

Timeline

1941

Saleh Abdullah Kamel was born in Mecca.

1963

Kamel earned a bachelor's degree in commerce from the University of Riyadh.

November 4, 2017

Kamel was arrested in Saudi Arabia in a corruption crackdown.

May 18, 2020

Kamel passed away at the age of 79.

Saleh Kamel : FAQs

What is Saleh Kamel's net worth?

As of 2017, Saleh Kamel's net worth was $2.30 billion.

What are Saleh Kamel's main sources of wealth?

Saleh Kamel's main source of income comes from Banking, Healthcare.

In which industry does Saleh Kamel primarily operate?

Saleh Kamel is primarily involved in the Diversified industry.

What is Saleh Kamel educational background?

Saleh Kamel holds a Master of Business Administration from King Abdulaziz University.

Is Saleh Kamel dead?

Yes, Saleh Kamel died on May 18, 2020 (aged 79).

How many children does Saleh Kamel have?

Saleh Kamel has 2 children.

Who was Saleh Abdullah Kamel and when did he pass away?

Saleh Abdullah Kamel was a Saudi billionaire businessman, founder and chairman of Dallah Albaraka, born in 1941 in Mecca and passed away on 18 May 2020.

How did Saleh Abdullah Kamel contribute to Islamic finance and Saudi Arabia's economy?

Saleh Abdullah Kamel, known as 'the father of contemporary Islamic finance,' chaired the Jeddah Chamber of Commerce and Industry and the Islamic Chamber of Commerce, led projects promoting Saudi Arabia as an economic force, created SAPTCO, and promoted zakat use.

What were some of the controversies and contributions of Saleh Abdullah Kamel's Dallah Albaraka?

Dallah Albaraka was named in a 9/11 lawsuit but was cleared by the U.S. District Court in 2005. The company also managed pilgrimage sites in Mecca and Medina and was involved in various city services like garbage collection in Saudi Arabia.