Saleh Kamel: Rags to riches story of a visionary business tycoon, philanthropist – Saudi Gazette

  • Date: 21-May-2020
  • Source: Saudi Gazette
  • Sector:Economy
  • Country:Saudi Arabia
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Saleh Kamel: Rags to riches story of a visionary business tycoon, philanthropist – Saudi Gazette

After a short period, he moved to work in 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 that spread over 300 companies, banks and institutions in more than 40 countries around the world.. During his work at the Ministry of Post, Telegraph and Telephone - that later became 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.. In l982, Sheikh Saleh founded his flagship Dallah Albaraka an investment group that included commercial, financial, tourism, banking, media, real estate and other areas.. The group includes several companies such as Al Baraka Investment and Development Company, Al Baraka Banking Group, Al-Tawfiq Financial Group, Arab Media Company Arab Radio and Television (ART), Dallah Real Estate and Tourism Development Company, Durrat Al-Arous Company and others.. Sheikh Saleh was also known as "'the father of contemporary Islamic finance" and was bestowed upon Malaysia's Royal Award for Islamic Finance in November 2010.He was actively involved in efforts to expand trade among member states of the Organization