Abdul Latif Jameel Explained

Abdul Latif Jameel Company Ltd
Type:Private
Founder:Abdul Latif Jameel
Hq Location City:Jeddah
Hq Location Country:Saudi Arabia
Area Served:Worldwide
Services:Transportation
  • Passenger vehicles
  • Commercial vehicles & equipment
  • Logistics

Engineering
Manufacturing
Funding
Land and Real Estate
Energy and Environmental
Consumer Products
Advertising media

Abdul Latif Jameel is a family-owned diversified business founded in Saudi Arabia in 1945 by the late Sheikh Abdul Latif Jameel (1909–1993).[1] Operating across seven core business sectors, Abdul Latif Jameel has a presence in over 30 countries across six continents.

History

1940s–60s

Abdul Latif Jameel was founded in Jeddah, Saudi Arabia, in 1945[2] by Sheikh Abdul Latif Jameel. It became a Toyota distributor in the Kingdom in 1955,[3] a position it has retained to this day.

1970s–80s

In 1979, Abdul Latif Jameel United Finance Company (ALJUF),[4] a financial services company aimed at further supporting Toyota vehicle sales in Saudi Arabia, was established. In the same year, the company also set up a consumer product business[5] which imports electronics and consumer durables. In 1981, it established an outdoor advertising company to support the marketing of Toyota products. It also began exporting and distributing Lexus passenger vehicles in 1989, opening the first dedicated Lexus centre in Saudi Arabia four years later.[6]

1990s–2000s

In 1990, Abdul Latif Jameel established an automotive accessories and conversion business in Saudi Arabia. In 1993, after the death of his father, Mohammed Abdul Latif Jameel assumed the leadership role in the company and, today, is the President and CEO. In the same year, the company started operating a Toyota distributorship in Algeria.[7] Two years later, in 1995, another dealership[8] was started in Morocco.

In 1996, Abdul Latif Jameel established a general trading company[9] in Japan, which now has an experiential open business centre in Tokyo.[10] Two years later, the company’s first Toyota dealership business in China and a Daihatsu distributorship in Turkey were launched. A Daihatsu distributorship in Morocco and a financial services company in Egypt were also established in 1999.

In 2001, Japan-based DENSO Corporation (DENSO International America's parent company) and Abdul Latif Jameel Co., Ltd. jointly established a company that produces car heating, ventilation and air conditioners (HVAC) in Jeddah.[11] In 2003, Abdul Latif Jameel's accessories and conversion business in Saudi Arabia became an approved Toyota Development Base, and the company established an aftermarket parts business. In the same year, the company also established Abdul Latif Jameel Community Initiatives,[12] its corporate social responsibility (CSR) arm.

On the 50th anniversary of its collaboration with Toyota Motor Company,[13] Abdul Latif Jameel launched a Lexus dealership in Japan and a Daihatsu distributorship in Saudi Arabia in 2005. The next year, the company also established Toyota and Lexus dealerships in the UK (later sold in 2017), and a Daihatsu dealership in Egypt. It also launched a Hino distributorship in Algeria in 2007, and the DJ aftermarket vehicle parts in 2008. In 2009, it established a Toyota distributorship in Turkey[14] and a Hino distributorship in Egypt.

2010s–present day

In 2010, Abdul Latif Jameel launched a Hino distributorship in Morocco. The next year, the company's aftermarket division acquired the Malaysian company FBK[15] and expanded into China and Malaysia. In 2012, Abdul Latif Jameel established its Energy and Environmental[16] Services division, launched a financial services division[17] to support Toyota sales in Turkey, and opened the first Lexus dealership in China. That year, the company also relocated its international operations headquarters from Beirut to Dubai.

Abdul Latif Jameel and Sumitomo Corporation formed a JV (known presently as Abdul Latif Jameel Machinery[18]) in 2013 to distribute Komatsu heavy equipment in Saudi Arabia.[19] In the same year, Abdul Latif Jameel established a real estate development division, Abdul Latif Jameel Land.[20] It also set up a Ford distributorship in Egypt and acquired a refrigerated vehicle conversion manufacturer in Turkey, in 2013.

In 2013, King Abdullah Economic City and Abdul Latif Jameel signed an agreement for the purchase of 1.5 million sqm of land in KAEC-Industrial Valley. The company agreed to invest SR 1.2 billion to build a complex for the import, distribution, component manufacture and assembly of cars.[21] The next year, Abdul Latif Jameel signed a joint venture MoA with the Dubai-based regional property developer, Emaar Properties,[22] [23] [24] and also hosted a delegation from the Family Business Network (FBN) International (now known as the Family Business Council-Gulf[25]) at its UAE regional headquarters.

Abdul Latif Jameel also began a joint venture with the Spain-based company Fotowatio Renewable Ventures (FRV)[26] in 2014, and acquired FRV in 2015.[27] [28]

In May 2016, Abdul Latif Jameel opened and launched the first Lexus brand distributorship in Turkey.[29] [30] In the same year, the company also announced its intention to invest US$2.2 billion in Saudi Arabia over the next 5 years[31] [32] as part of its long-term expansion plans. This includes an expansion of the Toyota outlet network, the opening of a Lexus showroom in Riyadh Saudi Arabia,[33] and the opening of a new flagship Komatsu facility in Jeddah, Saudi Arabia.[34] [35] In 2016, Abdul Latif Jameel Land began building J│ONE Residences,[36] its first residential project in Jeddah, Saudi Arabia.[37] [38]

At the World Future Energy Summit 2017, in Abu Dhabi, Abdul Latif Jameel Energy announced the launch of Almar Water Solutions.[39] [40] [41] Abdul Latif Jameel Energy also started construction on two of the largest solar projects in Jordan. The projects, called Mafraq I &II, are scheduled to generate approximately 2% of Jordan's total generation capacity.[42] [43] [44] [45] In the same year, the company's electronics division was rebranded and re-launched as Redsea.[46] [47]

In April 2018, Abdul Latif Jameel Land launched J|ONE residencies.[48] In October, it established the first Lexus showroom in Morocco, launching it at the Auto Expo 2018 in Casablanca.[49] In the same year, Abdul Latif Jameel Energy also announced its first large-scale solar project in India: the 138-MW DC Solar Farm in Andhra Pradesh.[50] Abdul Latif Jameel Machinery also announced a strategic partnership with Kanoo Machinery.[51]

Abdul Latif Jameel Energy established a wind energy project in 2019 in Japan. Supported by the regional power companies Hokkaido Electric Power Company and Tohoku Electric Power Co., Inc., Abdul Latif Jameel Energy launched its first micro wind turbines at Cape Erimo, Japan’s “Wind Town”. In the same year, Abdul Latif Jameel Land and the Al Muhaidib Group partnered to launch a new joint venture, Muheel,[52] an Integrated Facilities Management company (IFM) in Saudi Arabia. Abdul Latif Jameel Logistics launched an express delivery service and e-commerce brand, S:mile.[53] [54]

In April 2019, Abdul Latif Jameel Motors was awarded the Gold Award for Business Transformation,[55] for its JSAP program in the annual SAP Quality Awards,[56] presented at a ceremony in Heidelberg, Germany. This was the first time a Saudi Arabian company had won the top SAP prize. In the same year, Almar Water Solutions,[57] a part of Abdul Latif Jameel Energy, acquired a contract to develop a desalination plant in the city of Shuqaiq, on the Red Sea coast of Saudi Arabia.[58]

In November 2021, it was reported that Abdul Latif Jameel's investment unit had accumulated almost 114 million shares in Rivian, which was valued at almost $11.5 billion on the closing day of Rivian's IPO.[59]

In September 2022, the company was listed by Forbes in the Middle East's Top 100 Arab Family Businesses, ranking seventh.[60]

Management

The founder, Abdul Latif Jameel, ran the company from its formation until his death in 1993, when his son, Mohammed Abdul Latif Jameel, became chairman and president.[61] Mohammed's eldest son, Fady Mohammed Abdul Latif Jameel, serves as deputy president and vice chairman of Abdul Latif Jameel.[62] [63] [64] Mohammed's middle son, Hassan Jameel, serves as deputy president and vice chairman of domestic Saudi Arabia operations.[65] [66]

Operations

Abdul Latif Jameel has dual headquarters in Jeddah (Saudi Arabia) and Dubai (United Arab Emirates), and affiliated corporate offices in Riyadh (Saudi Arabia), Istanbul (Turkey) and Tokyo (Japan). Through various subsidiaries, it operates in six sectors:

Subsidiaries

The company currently owns and operates the following subsidiaries:

Abdul Latif Jameel Motors: The passenger car division, which distributes Toyota and Lexus vehicles in Saudi Arabia and other markets across the Middle East, Europe and Asia. It also distributes Ford vehicles in Egypt.

Abdul Latif Jameel Enterprises: The diversification arm of the group in Saudi Arabia. [67]

Abdul Latif Jameel Machinery: This division handles commercial vehicles, and heavy equipment and materials. It distributes Komatsu, Toyota, BT and Raymond fork-lift trucks, HINO trucks, Manitou telehandlers, Loxa cement equipment and Teksan generators in Saudi Arabia and North Africa.

Abdul Latif Jameel Finance: This division operates in Saudi Arabia, with affiliates in Turkey and Egypt.

Abdul Latif Jameel Energy: The renewable energy and environmental services division.

Abdul Latif Jameel Land: The real estate development division in Saudi Arabia.

Abdul Latif Jameel Electronics: The consumer products division in Saudi Arabia.

Abdul Latif Jameel also has an advertising and media division, consisting of the advertising agency DelphysME (a JV with Delphys[68] of Japan) and the company’s captive outdoor advertising company in Saudi Arabia. It also has an engineering and manufacturing division that handles the aftermarket vehicle parts businesses.

Philanthropy

  1. Job creation across the Middle East (through Bab Rizq Jameel)
  2. Global poverty alleviation[69]
  3. Global water and food issues[70]
  4. Education and training[71]
  5. Health and social schemes
  6. Promoting Arabic arts and culture through Art Jameel

See also

Notes and References

  1. Web site: Luqman . Farouk . 2012-11-16 . Sheikh A.L. Jameel: The man behind Toyota in Saudi Arabia . 2019-11-05 . Arab News . en.
  2. Web site: About Us and Our Diversified Businesses Abdul Latif Jameel®. Abdul Latif Jameel. en-US. 2019-11-05.
  3. Web site: Toyota du Maroc Devex. www.devex.com. 2019-11-05.
  4. Web site: Abdul Latif Jameel United Finance Co. ALJFinance.com. ALJFinance.com. en. 2019-11-05.
  5. Web site: Abdul Latif Jameel United Finance Co in Jeddah Saudi Arabia, ALJ United Finance Decypha - Don't miss any updates from Decypha. Get your account today to stay up-to-date with your intersets!. www.decypha.com. English. 2019-11-05.
  6. Web site: 2012 . TOYOTA MOTOR CORPORATION GLOBAL WEBSITE 75 Years of TOYOTA Activities by Region Middle East . 2019-11-05 . www.toyota-global.com.
  7. Web site: TOYOTA MOTOR CORPORATION GLOBAL WEBSITE 75 Years of TOYOTA Activities by Region Africa. www.toyota-global.com. 2019-11-19.
  8. Web site: Toyota Du Maroc (Toyota), Morocco - Company Information, Key People, Latest News and Contact Details - ZAWYA MENA Edition. www.zawya.com. en. 2019-11-19.
  9. Web site: サウジアラビア・ドバイと日本をつなぐ〜ジャミール商事 . Connecting Saudi Arabia, Dubai and Japan - Jameel Trading . 2019-11-19 . 【公式 ジャミール商事】 Abdul Latif Jameel 日本法人 . ja.
  10. Web site: Jeddah . P. K. Abdul Ghafour . 2014-05-06 . ALJ 'keen to promote Saudi-Japan trade ties' . 2019-11-19 . Arab News . en.
  11. Web site: 2004 . Annual Report of DENSO CORPORATION . live . https://web.archive.org/web/20210906223545/https://www.denso.com/global/INVESTORS/f-info/annual/2004/pdf/DENe.pdf . 2021-09-06 . Denso.
  12. Web site: AboutUs. www.communityjameel.org. en. 2019-11-19.
  13. Web site: Global Website 75 Years of Toyota Section 5. Latin America, Africa, and Middle East Item 1. Responding to Market Growth and Expansion. www.toyota-global.com. 2019-11-19.
  14. Web site: ALJ Group becomes Toyota distributor in Turkey. 2009-08-15. Arab News. en. 2019-11-19.
  15. Web site: FBK Malaysia . 2019-11-27 . FBK Malaysia . en-US.
  16. Web site: Renewable Energy and Environmental Services Abdul Latif Jameel®. Abdul Latif Jameel. en-US. 2019-11-27.
  17. Web site: ALJ Finans. live. https://web.archive.org/web/20120205065023/http://www.aljfinans.com.tr:80/ . 2012-02-05 .
  18. Web site: KOMATSU - New Distributor in Saudi Arabia. live. https://web.archive.org/web/20160412061030/http://komatsu.co.za/uploaded/Views_No29_Saudi_Arabia.pdf . 2016-04-12 .
  19. Web site: ALJ, Sumitomo form JV for distributing Komatsu heavy equipment. 2014-03-07. Arab News. en. 2019-11-27.
  20. Web site: About ALJ Lands. Abdul Latif Jameel Land. en-US. 2019-11-27.
  21. Web site: King Abdullah Economic City: Moving Forward. en. 2019-11-27.
  22. Web site: Emaar, ALJ create JV on Saudi real estate projects. 2014-02-18. Saudigazette. English. 2019-11-27.
  23. Web site: Emaar, Abdul Latif Jameel Create JV To Develop Projects In Saudi. 2014-02-18. Gulf Business. en-US. 2019-11-27.
  24. News: Emaar launches JV with Saudi based ALJ group. Construction Week Online. 18 February 2014 . en. 2019-11-27.
  25. Web site: FBC GULF Family Business Council A Fast growing community with a wide international reach. FBC GULF Family Business Council A Fast growing community with a wide international reach. 2019-11-27.
  26. Web site: FRV. frv.com. 2019-11-27.
  27. Web site: Abdul Latif Jameel Energy acquires solar plants developer Fotowatio. 2015-04-08. Power Technology Energy News and Market Analysis. en-GB. 2019-11-27.
  28. Web site: Saudi Arabia's Renewable Energy Revolution Abdul Latif Jameel®. Abdul Latif Jameel. en-US. 2019-11-27.
  29. Web site: LEXUS OPENS FIRST RETAILER IN TURKEY. LEXUS OPENS FIRST RETAILER IN TURKEY. en. 2019-11-27.
  30. Web site: Lexus Opens First Dealership in Turkey. Lexus Enthusiast Community Forums. en-US. 2019-11-27.
  31. Web site: Abdul Latif Jameel to invest $2bn in Saudi Arabia over next 5 years. 2016-03-03. Arab News. en. 2019-11-27.
  32. Web site: Saudi conglomerate Abdul Latif Jameel plans to invest $2bn over next five years. The National. 3 March 2016 . en. 2019-11-27.
  33. Web site: Abdul Latif Jameel Motors announces opening of services facilities in Hufof, Saudi Arabia. gulfnews.com. 9 April 2018 . en. 2019-11-27.
  34. Web site: Abdul Latif Jameel Machinery's new flagship Komatsu facility a symbol of commitment. Abdul Latif Jameel. en-US. 2019-11-27.
  35. News: PMV Power List: Equipment manufacturers and dealers you should know. Construction Week Online. 10 July 2017 . en. 2019-11-27.
  36. Web site: J ONE. en-US. 2019-11-27.
  37. Web site: ALJ Land signs deal for developing first residential complex in KSA. 2016-08-01. Arab News. en. 2019-11-27.
  38. Web site: Residential Complex Project in Saudi Arabia Abdul Latif Jameel®. Abdul Latif Jameel. en-US. 2019-11-27.
  39. Web site: Almar Water Solutions Officially Launched Abdul Latif Jameel®. Abdul Latif Jameel. en-US. 2019-11-27.
  40. Web site: ALJ launches water solutions company. Utilities Middle East. en. 2019-11-27.
  41. Web site: 2017-01-18. Saudi Arabia's ALJ Energy Targets India to Mexico for Renewables. 2019-11-27. Bloomberg.com.
  42. Web site: Abdul Latif Jameel Energy starts construction on Jordan solar projects that will power 80,000 homes. gulfnews.com. 30 May 2017 . en. 2019-11-27.
  43. Web site: Abdul Latif Jameel Energy starts construction on Jordan solar projects. Duxbury. Kestell. Technical Review Middle East. 31 May 2017 . pl. 2019-11-27.
  44. Web site: Abdul Latif Jameel starts construction of 2 largest solar projects in Jordan. 2017-05-31. Saudigazette. English. 2019-11-27.
  45. Web site: FRV starts construction of Mafraq solar plants in Jordan. Renewablesnow.com. en. 2019-11-27.
  46. Web site: Redsea - The Electronics Store by Abdul Latif Jameel. redsea.com. 2019-11-27.
  47. Web site: Abdul Latif Jameel Electronics launches Redsea retail stores. 2017-05-02. Saudigazette. English. 2019-11-27.
  48. Web site: Abdul Latif Jameel Land launches its first residential complex JONE. Eyeofriyadh.com. en-US. 2019-11-27.
  49. Web site: Automobile : Lexus rassure sur ses débuts au Maroc. 2018-11-22. La Vie éco. fr-FR. 2019-11-27.
  50. Web site: FRV swtiches on 138-MW PV plant in India. Renewablesnow.com. en. 2019-11-27.
  51. Web site: Abdul Latif Jameel Machinery, Kanoo partner on Teksan generators. Utilities Middle East. en. 2019-11-27.
  52. Web site: Muheel Facilities Management Saudi Arabia. muheel. en. 2019-11-27.
  53. Web site: Smile - Home. saudimile.com. 2019-11-27.
  54. Web site: ALJ launches express delivery service s:mile. 2019-03-12. Arab News. en. 2019-11-27.
  55. Web site: 2018 Regional SAP Quality Award Winners. 2019-04-04. SAP News Center. en-US. 2019-11-27.
  56. Web site: SAP Quality Awards SAP Quality. SAP. en. 2019-11-27.
  57. Web site: Almar Water Solutions - Sea water desalination - Water projects. 2015-09-25. Almar Water Solutions. en-US. 2019-11-27.
  58. Web site: Plans revealed for new $600m Saudi desalination project. ArabianBusiness.com. en. 2019-11-27.
  59. Web site: Rivian IPO turned a family's early investment into $11.5 billion. Fortune.
  60. Web site: Mughal . Waqar . Abdul Latif Jameel - The Top 100 Arab Family Businesses . 2022-10-19 . Forbes Lists . en-US.
  61. News: The Arab World's Richest Families 2017 - Forbes Middle East. Forbes Middle East. 2017-09-28. https://web.archive.org/web/20170929000715/https://www.forbesmiddleeast.com/en/list/arab-worlds-richest-families/item/4/. 2017-09-29. dead. en-US.
  62. News: Abdul Latif Jameel Land receives prestigious award for pioneering residential development in Jeddah . June 13, 2019 . Abdul Latif Jameel . May 29, 2019.
  63. https://www.utilities-me.com/news/12581-abdul-latif-jameel-starts-operations-at-its-lilyvale-solar-plant-in-australia "Abdul Latif Jameel Starts Operations At Its Lilyvale Solar Plant In Australia"
  64. http://www.arabnews.com/node/1276466/corporate-news "Abdul Latif Jameel and Four Principles launch Japanese business philosophy program"
  65. https://fbc-gulf.org/en/about/board-of-directors/hassan-jameel "Hassan Jameel"
  66. Web site: Hassan Jameel - Official Biography. Hassan Jameel. en. 2020-03-24.
  67. Web site: About ALJ Enterprises. ALJ .
  68. Web site: 株式会社デルフィス. 株式会社デルフィス. ja. 2019-12-16. 2019-08-09. https://web.archive.org/web/20190809173501/https://www.delphys.co.jp/. dead.
  69. Web site: The Abdul Latif Jameel Poverty Action Lab. www.povertyactionlab.org. 2019-12-16.
  70. Web site: Abdul Latif Jameel Water and Food Systems Lab (J-WAFS). jwafs.mit.edu. 2019-12-16.
  71. Web site: MIT J-WEL. MIT J-WEL. en. 2019-12-16.
  72. Web site: Artists and creative communities in Middle East. Art Jameel. en-US. 2019-12-16.
  73. Web site: V&A · Jameel Prize. Victoria and Albert Museum. en. 2019-12-16.
  74. Web site: Jameel Prize 4 announces shortlisted artists Art Radar. Radar. Art. en-GB. 2019-12-16. 2019-12-16. https://web.archive.org/web/20191216162348/https://artradarjournal.com/2016/01/27/jameel-prize-4-announces-shortlisted-artists/. dead.
  75. Web site: What does the Jameel Prize mean for contemporary Islamic art?. 2016-05-31. Apollo Magazine. en-US. 2019-12-16.
  76. Web site: A Family Business Setting Standards in Job Creation. Posted by CSR Middle East on February 1. 2012 at 6:45pm. Blog. View. csrmiddleeast.org. en. 2019-12-16.
  77. Web site: Bab Rizq Jameel helped generate over 81,000 job opportunities in Saudi Arabia in 2015 Abdul Latif Jameel®. Abdul Latif Jameel. en-US. 2019-12-16.
  78. Web site: Bab Rizq Jameel Starts Operations in Turkey Abdul Latif Jameel®. Abdul Latif Jameel. en-US. 2019-12-16.
  79. Web site: New program aims to commercialize innovations in food and water. MIT News. 30 April 2015 . 2019-12-16.
  80. Web site: New Partnership for Traffic Safety Efforts. www.aramcoexpats.com. en. 2019-12-16.
  81. Web site: Dubai summit new phase in evolution of social media: Mohammed - Emirates247. Staff. www.emirates247.com. 17 March 2015 . en. 2019-12-16.

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