Dallah Al-Baraka
Encyclopedia
Dallah Al-Baraka is a Saudi Conglomerate
Conglomerate (company)
A conglomerate is a combination of two or more corporations engaged in entirely different businesses that fall under one corporate structure , usually involving a parent company and several subsidiaries. Often, a conglomerate is a multi-industry company...

 founded and owned by Sheikh
Sheikh
Not to be confused with sikhSheikh — also spelled Sheik or Shaikh, or transliterated as Shaykh — is an honorific in the Arabic language that literally means "elder" and carries the meaning "leader and/or governor"...

 Saleh Abdullah Kamel
Saleh Abdullah Kamel
Saleh Abdullah Kamel is a Saudi businessman, chairman and founder of the Dallah al Baraka Group . He is also the chairman of the General Council for Islamic Banks. He is estimated to be worth about $5.3 billion, ranking number 12 on Arabian Business list of richest Arabs 2008...

. The word Dallah is the diminutive name of Abdullah http://www.tarhuni.com/amro/salehkamel.htm - it also translates to "coffee pot" in Arabic.

The Group traces its origins to a cleaning and maintenance services company established in 1969. In 1975, Dallah Avco
Dallah Avco
Dallah Avco is an aviation-services company with extensive contracts with the Saudi Ministry of Defense and Aviation, headed by Prince Sultan. A sister concern of Dallah Avco also conducts construction and maintenance contracts in the two holy cities of Makkah and Medina...

 was formed to specialize in the construction, operation and maintenance of airport based projects. Its continued success in winning several contracts with the Saudi Ministry of Defense and Aviation, catapulted the group to grow and diversify extensively. Group activities now include the media (Arab Radio and Television Network
Arab Radio and Television Network
Arab Radio and Television Network is an Arabic-language television network characterized by its multitude of channels. It is based in Jeddah, Saudi Arabia. The company was founded in October 1993 by Saleh Abdullah Kamel, a Saudi businessman...

), construction, Islamic banking & Finance, insurance
Insurance
In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the...

, real estate
Real estate
In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...

, tourism
Tourism
Tourism is travel for recreational, leisure or business purposes. The World Tourism Organization defines tourists as people "traveling to and staying in places outside their usual environment for not more than one consecutive year for leisure, business and other purposes".Tourism has become a...

, etc. In 2004, Group statistics included annual revenue of US$ 4,960 million and had 38,250 employeeshttp://www.arabnews.com/supplements/Top100/top100.html.
Dallah Al-Baraka is considered one of the largest companies in the Middle East
Middle East
The Middle East is a region that encompasses Western Asia and Northern Africa. It is often used as a synonym for Near East, in opposition to Far East...

 and Arab World
Arab world
The Arab world refers to Arabic-speaking states, territories and populations in North Africa, Western Asia and elsewhere.The standard definition of the Arab world comprises the 22 states and territories of the Arab League stretching from the Atlantic Ocean in the west to the Arabian Sea in the...

.

Finance

  • Al Baraka Banking Group
    Al Baraka Banking Group
    Al Baraka Banking Group was formed in 2002 in Manama, Bahrain. The company is listed on the Bahrain Stock Exchange and Dubai NASDAQ Al, the group offers retail, corporate and investment banking and treasury services strictly in accordance with the principles of the Shari'a in 12...

  • Altawfeeq Financial Group
  • Altawfeeq Company for Investment Funds
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