Hassan Jameel is a successful businessman who serves as the deputy president and vice chairman of the international conglomerate ALJ. His company has ventures in a wide range of industries, such as automotive, energy, financial and healthcare. It is based in Saudi Arabia and has a presence in 30 other countries. His focus is on digitizing ALJ so it can compete long term in these rapidly changing times.
ALJ was founded over 75 years ago when it owned and operated a gas station. Hassan Jameel says the company, which was established by his grandfather, has always taken advantage of any opportunity its leaders saw. When deciding which industries to enter, he focuses on what they will look like 20 years later and how much risk they present. 10 years ago, ALJ entered the automotive industry and now has Lexus and Toyota dealerships. He invested in the U.S. automaker Rivian as the United States has one of the largest automobile markets in the world.
Hassan Jameel said his company builds dynamic partnerships with existing businesses when entering an industry. Besides Rivian, ALJ also built a partnership with Fotowatio Renewable Ventures. He believes electric vehicles are the future and so wanted to position ALJ for long-term success. When working with Rivian, he spent significant time in Detroit so he could build a collaborative strategy with it.
He’s also an active philanthropist. He got this trait from his grandfather, who often helped local disadvantaged communities in Saudi Arabia. His family has a philanthropic organization called Community Jameel that oversees all of its ongoing efforts to help others.
Jameel Family recently launched the Bab Rizq Jameel program. Hassan Jameel says this program is dedicated to creating jobs throughout the Middle East and North Africa. It has already helped create more than 15,000 jobs in Saudi Arabia and thousands elsewhere. It provides micro-financing to small- and medium-sized companies.