Time: 08 June 2021
Participants at last year’s Startups Investment Forum organized by MIT Enterprise Forum Saudi Arabia and Bab Rizq Jameel, an initiative of Community Jameel.
Marking 75 years of commercial operations — and three quarters of a century of associated philanthropy — the Jameel family has reinforced its commitment to driving positive change and thereby realizing the potential of people, business and communities — the guiding principles pioneered by the business’ founder, the late Abdul Latif Jameel, since its beginnings in the mid-1940s. In doing so, the Jameel family has underlined its ongoing contribution toward the UN’s Sustainable Development Goals (SDG).
A new animated video illustrates numerous achievements of the globally diversified family business Abdul Latif Jameel, their global investment arm JIMCO, and the family’s philanthropic and community activities, including Bab Rizq Jameel, Art Jameel, Community Jameel Saudi, and Community Jameel.
In 2015, UN member states adopted the 2030 Agenda for Sustainable Development, creating a shared blueprint for global peace and prosperity. Acknowledging that governments alone cannot accomplish these ambitious goals, the Jameel family has built diverse and wide-ranging alliances based on respect, shared values, and a mutual vision of creating tangible impact toward achieving the SDGs.
Mohammed Jameel KBE, chairman and chief executive of Abdul Latif Jameel, founder and chairman of Bab Rizq Jameel, and founder and chairman of Community Jameel Saudi and Community Jameel, said: “I am proud of the way in which we do business, and of our commitment to continuous improvement. Through this commitment we aim to make the world a better place for all by investing in the infrastructure of life. With this in mind, I believe we can contribute to the 17 SDGs, but for some, we can have a more immediate and direct impact, and it’s here that we place our emphasis.
“We continue to invest in a range of exciting areas, such as the future of mobility, renewable energy, energy storage, water projects and health-tech. Likewise we continue with our philanthropic efforts to make a significant difference in addressing some of mankind’s greatest global challenges.”
Fady Jameel, deputy president and vice chairman of Abdul Latif Jameel, chairman and founder of Art Jameel, and vice chairman of Bab Rizq Jameel, Community Jameel Saudi and Community Jameel, said: “It is clear that to create the future we want and need, private capital, both directly and in public-private partnerships, has the ability to create positive real-life impact. Whether this impact is created by achieving commercial goals or through philanthropic work, these pursuits can be followed in a manner in which the world can truly prosper.”
Hassan Jameel, deputy president and vice chairman of Abdul Latif Jameel, and vice chairman of Bab Rizq Jameel, Community Jameel Saudi and Community Jameel, added: “Collaborative partnerships are the key to achieving the ambitions of the SDGs. Our aim is to partner with philanthropic organizations and invest in companies that share this commitment to driving transformational impact and reach these global goals.”
Alongside Bab Rizq Jameel, Art Jameel, Community Jameel Saudi, and Community Jameel and other philanthropic partnerships, the family continues its activities to address some of humanity’s most pressing challenges, which are aligned toward achieving the UN’s SDGs. This effort includes working with leaders, community organizations, art foundations and youth to improve the quality of life around the world.