Dallah Al-Baraka

Dallah Al-Baraka (Arabic: دله البركة‎) Holding Company (DBHC), is a private multinational corporation based in Jeddah, Saudi Arabia. The company has holdings throughout the Middle East, North Africa, the Far East and Europe. The company is best classed as a conglomerate with investments including the financial, banking, healthcare, real estate, manufacturing, transportation, and operations and maintenance sectors.

History

The company was founded in 1969 as a courier service with the name Dallah Establishment. By 1979, it was one of the largest contractors to the Saudi Government.

Dallah Al-Baraka Holding company (DBHC) was created in 1984 when Dallah Establishment expanded its activities to include financial and banking services, health care, manufacturing, real estate and tourism, trading, agriculture, operations and maintenance and transportation. As DBHC continued to grow, major subsidiaries were established to manage the investments in key sectors. Today, DBHC is one of the largest conglomerates in the Middle East. In 2004, Group statistics included annual revenue of US$4,960 million and had 38,250 employees.^[1]

Major Subsidiaries and Business Units

Dallah Group

Established in 1997, Dallah Group was orgainzed to perform contracts related to the operation and maintenance of airports and mosques, road construction, driving training schools, traffic control and business solutions, among other business lines.

Dallah Real Estate and Tourism Company

Dallah Real Estate and Tourism Company is a regional real-estate holding company that specializes in real estate advisory, management and development.

Al-Samaha Trade Holding Company

Al-Samaha Trade Holding Company specializes in trade within local and global markets. Its activities include importation of consumer goods, hoist platforms and servicing contracts to operate e-government services.

Al-Jazira Transport Company

The Al-Jazira Transport Company focuses on providing transportation services for Pilgrims and Omra visitors. Its activities also include refrigerated transport (a primary hauler for most of the dairy and juice producers in Saudi Arabia) while its fleet comprises more than 400 trucks and trailers in addition to 100 plus towing trucks and trailers for the transportation of dry and liquid materials, over 2,000 vehicles in total. ^[2]

Dallah Telecom Company

Dallah Telecom was established in 1990 to modernize telecommunications and information technology in Saudi Arabia and other countries in the region. Since its establishment, Dallah Telecom has implemented high-tech projects for wired and wireless telecommunications on regional and international levels. Dallah Telecom provides digital learning systems to Saudi universities and helps implement long-term education-development strategies. It also cooperates with local and international companies to develop new business opportunities and manage commercial telecommunications projects.

Other Investments

Dallah Albaraka Holding Company holds direct and indirect investments in many private and publicly traded/listed companies including:

• Private Equity:
  • Al-Manakha Urban Project Development Holding Co.
  • Durrat Al-Riyadh Co. ^[3]
  • Dallah Eastbridge Investment Co.
  • Dallah Media Production Company ^[4]
  • Dallah for Technology and Alternative Energy
  • Ejada
  • Food Manufacturing Company (ULKER) ^[5]
  • Makkah Printing and Information Company
  • Maad International Co.
  • Okaz
  • Umm Alqura for Development & Construction

• Publicly Listed Companies:
  • Majority Investments
    • Dallah Health Care Company ^[6]
    • Al Baraka Banking Group ^[7]
    • Al-Multaka
    • Aseer Trading, Tourism & Manufacturing Company
    • El-Ismaila Poultry
  • Minority Investments
    • Jabal Omar Development Company
    • Bank Al Jazira

References