Dallah Al-Baraka

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.{{Cite web|url=http://www.dallah.com/corporate/history|title=Dallah Albaraka Holding Co.|website=www.dallah.com|access-date=2016-05-08|archive-date=2016-05-22|archive-url=https://web.archive.org/web/20160522160415/http://www.dallah.com/corporate/history|url-status=dead}}

The company began in 1969 as a courier service with the name Dallah Establishment by Saleh Abdullah Kamal in Riyadh.{{Cite news|url=https://www.wsj.com/articles/SB100576435457804240|title=U.S. Probes Saudi Conglomerate For Links to Islamic Militants|last1=Simpson|first1=Glenn R.|authorlink=Glenn R. Simpson|date=2001-11-02|last2=Wartzman|first2=Rick|newspaper=Wall Street Journal|issn=0099-9660|access-date=2016-03-18}} 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 and banking services, health care, manufacturing, real estate and tourism, trading, agriculture, operations and maintenance and transportation. As DBHC continued to grow, major subsidiaries 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.{{Cite web|url=http://www.fundinguniverse.com/company-histories/dallah-albaraka-group-history/|title=History of Dallah Albaraka Group – FundingUniverse|website=www.fundinguniverse.com|access-date=2016-03-18}} Today, DBHC is one of the largest conglomerates in the region, with diversified investments totaling billions of dollars spanning 40 countries.{{Cite web|url=http://www.arabcin.net/sa-biggest-companies.php|title=Saudi Arabia's Biggest Companies - Arabian Business at ArabCin.net|website=www.arabcin.net|access-date=2016-05-08}}

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 and Medina 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 Qatari government signed a memorandum of understanding to establish an Islamic Bank with $1 billion in capital.{{Cite web|url=https://www.bloomberg.com/news/articles/2012-04-03/idb-qatar-and-dallah-albaraka-to-set-up-1-billion-islamic-bank|title=IDB, Qatar and Dallah Albaraka to Set Up $1 Billion Islamic Bank|last=Wardany|first=Salma El|date=2013-04-03|website=Bloomberg.com|access-date=2016-03-18}} 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.

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.{{Cite web|url=https://www.nbcnews.com/news/us-news/abdallah-s-kamel-saudi-businessman-donates-10m-islamic-law-center-n425036|title=Abdallah S. Kamel, Saudi Businessman, Donates $10M for Islamic Law Center at Yale|website=NBC News|access-date=2016-04-27}} 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.{{Cite web|url=https://www.law.yale.edu/centers-workshops/abdallah-kamel|title=Abdallah S. Kamel Center for the Study of Islamic Law and Civilization - Yale Law School|website=www.law.yale.edu|access-date=2016-05-08}} 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.{{Cite web|url=http://www.dallah.com/community/4/16|title=Dallah Albaraka Holding Co.|website=www.dallah.com|access-date=2016-05-08|archive-date=2016-04-17|archive-url=https://web.archive.org/web/20160417152851/http://www.dallah.com/community/4/16|url-status=dead}}{{Cite web|url=http://www.dallah.com/media/15/66|title=Dallah Albaraka Holding Co.|website=www.dallah.com|access-date=2016-05-08|archive-date=2016-04-17|archive-url=https://web.archive.org/web/20160417152455/http://www.dallah.com/media/15/66|url-status=dead}}

In 2005 both Kamel and Al Baraka were cleared of allegations that sections of the holding company were involved in illicit financing .{{Cite web|url=http://www.arabnews.com/node/261242|title=Saudis Cleared in 9/11 Cases|date=2005-01-20|website=Arab News|access-date=2016-05-08}} 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.{{Cite news|url=https://www.wsj.com/articles/SB100576435457804240|title=U.S. Probes Saudi Conglomerate For Links to Islamic Militants|last1=Simpson|first1=Glenn R.|date=2001-11-03|last2=Journal|first2=Rick Wartzman Staff Reporters of The Wall Street|newspaper=Wall Street Journal|issn=0099-9660|access-date=2016-05-08}} 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.{{Cite web|url=http://uniset.ca/other/cs5/349FSupp2d765.html|title=Burnett v. Al Baraka Inv. & Dev. Corp.|website=uniset.ca|access-date=2016-06-07}}

Established in 1997, Dallah Group was organized to perform contracts related to the operation and maintenance of airports and mosques, road construction, driving training schools, traffic control and business solutions, among other business lines.{{Citation needed|date=November 2018}}

Dallah Real Estate and Tourism Company is a regional real-estate holding company that specializes in real estate advisory, management and development.{{Citation needed|date=November 2018}}

Al-Samaha Trade Holding Company specializes in trade within local and global markets. Its activities include importation of consumer goods, hoist platforms and servicing contracts to operate e-government services.

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.{{cite web |url= http://www.arabnews.com/node/318600 |publisher=Arab News | title=Al Jazirah geared up to serve Haj pilgrims|date=29 November 2008 }}

Dallah Telecom was established in 1990 to modernize telecommunications and information technology 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 and helps implement long-term education-development strategies. It also cooperates with local and international companies to develop new business opportunities and manage commercial telecommunications projects.

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

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.{{cite web|url=http://www.dallah.com/EN/Investment.aspx?ID=Estate |accessdate=October 20, 2010 |url-status=dead |archiveurl=https://web.archive.org/web/20101020144323/http://www.dallah.com/EN/Investment.aspx?ID=Estate |archivedate=October 20, 2010 |title=Dallah Albaraka }}
• Dallah Eastbridge Investment Co.
• Dallah Media Production Company {{cite web|url=http://iqraa.com/ar// |title=قناة اقرأ الفضائية |publisher=Iqraa|date=24 June 2012 |accessdate=9 December 2013}}
• Dallah for Technology and Alternative Energy
• Ejada
• Food Manufacturing Company (ULKER) {{cite web|url=http://www.dallah.com/EN/Investment.aspx?ID=Industrial |accessdate=October 20, 2010 |url-status=dead |archiveurl=https://web.archive.org/web/20101020144339/http://www.dallah.com/EN/Investment.aspx?ID=Industrial |archivedate=October 20, 2010 |title=Dallah Albaraka }}
• Makkah Printing and Information Company
• Maad International Co.
• Okaz
• Umm Alqura for Development & Construction
• Publicly Listed Companies:
• Majority Investments
• Dallah Health Care Company [http://www.dallah.com/EN/Investment.aspx?ID=Health ] {{webarchive |url=https://web.archive.org/web/20101223235540/http://www.dallah.com/EN/Investment.aspx?ID=Health |date=December 23, 2010 }}
• Al Baraka Banking Group{{cite web|url=http://www.dallah.com/EN/Investment.aspx?ID=Finance |accessdate=October 20, 2010 |url-status=dead |archiveurl=https://web.archive.org/web/20101020144329/http://www.dallah.com/EN/Investment.aspx?ID=Finance |archivedate=October 20, 2010 |title=Dallah Albaraka }}
• Al-Multaka
• Aseer Trading, Tourism & Manufacturing Company
• El-Ismaila Poultry
• Minority Investments
• Jabal Omar Development Company
• Bank Al Jazira
• Reinvention Media, Ltd.

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Category:1969 establishments in Saudi Arabia

Category:Conglomerate companies established in 1969

Category:Companies based in Jeddah

Category:Conglomerate companies of Saudi Arabia