The world’s richest Arabs
Sun 15 Dec 2013 04:47 AM
Saleh Kamel
48

Saleh Kamel

Country: Saudi Arabia

Wealth: 2 Billion

Saleh Kamel's name is synonymous with Islamic banking and finance. Born in Taif, Saudi Arabia, Kamel, 71, grew up in Makkah and attended Riyadh University and went on to work at the kingdom's Ministry of Finance. He left public office to start Dallah Establishment in the early 1960s. By the early 1980s he established the AI Baraka Investment & Development conglomerate, a holding company for many Islamic banks and financial Institutions operating according to Islamic principles in various diversified business activities all over the world.

Kamel built an empire through his government contracting ventures in Saudi Arabia. Kamel owns a majority stake in Dallah Albaraka Group, a holding company that has various Islamic banking operations, with real estate, construction and manufacturing business segments.