Posted inUncategorized Rich List 2007 - Part 1

Mohamed Abdul Latif Jameel

Company: ALJ (Abdul Latif Jameel Company Ltd)

Mohamed Jameel’s Abdul Latif Jameel Group started its business in 1945 and became the world’s largest Toyota dealership with operations in the Middle East, UK, Central Asia and China. ALJ is also active in the fields of real estate, financing, software solutions, advertising and media, and distribution and sales of electronics and household appliances – although it is said that the group is divesting its real estate holdings in the US. It employs more than 10,000 people worldwide with around 2000 in the UK alone, and the group also operates Saudi Arabia’s largest consumer finance company.

The Massachusetts Institute of Technology (MIT) graduate was understandably unwilling to take accusations linking him to terrorist financing, levelled by the Wall Street Journal-Europe in 2002, so he sued and won a libel case in a London court last year.

Mohamed Jameel is known to care deeply about Islamic art and has funded a gallery showcasing more than 10,000 Islamic artifacts at London’s Victoria & Albert Museum. He is also working with a number of organisations in the Middle East to tackle the challenge of creating 80 million jobs in the next 20 years.

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