15 March 2015
Jeddah - Abdul Latif Jameel Group announcesthe appointment of Eng. Omar Hamad Al-Madhi to the position of Managing Director, and board member, of Abdul Latif Jameel Industrial Development Company; a company which is currently under formation, and will be based in Riyadh, Saudi Arabia. 

Eng. Al-Madhi will lead the new Company and develop its strategy, and go-to-market plans withinSaudi Arabia'sfast growing industrialsector. The formation of this new industrial focused Company is a further example of the group's on-going diversification, beyond the automotive operations for which it is best known.

Speaking about his appointment, Omar Al-Madhi said: "I am very excited about the opportunity to lead the Group's entry into the domestic industrial sector, and to support the Kingdom of Saudi Arabia's economy and associated job creation potential.  I look forward to the challenge, and to working with one of the region's most successful companies at an exciting development phase for mycountry and the company." 

Mohammed Abdul Latif Jameel, President and Chairman of the Group, said: "We warmly welcome Mr. Al-Madhi to the Group and to this strategically important leadership role.  This new Company will focuson developing opportunities to support Saudi Arabia'sgrowing infrastructural needs, thereby driving job creation and leavinga legacy of skills as it matures."

Omar Al-Madhi is an accomplishedyoung Saudibusiness leader, holding recent positions such as CEO Volkswagen Group Saudi Arabia,and Advisor to HEthe Minister of Labor. He is also a member of the Steering CommitteeforStrategic Partnerships atthe SaudiArabian Ministry of Labor.

During the period 2007-2012, Omar Al-Madhi undertook a number of responsibilities within the Saudi Arabian General Investment Authority (SAGIA), most recently as the Assistant Deputy GovernorforResearch, Analysis and Competitiveness Councils.  He was also selected as a founding General Secretariat member of the Saudi-Japanese Industrial Cooperation Joint Task Force.

Born in 1980, Omar Al-Madhiholds a Bachelor of Science degree in Chemical Engineering from the University of Pennsylvania, and a Master of Business Administration from the MIT Sloan School of Management where he also received the Martin Trust Fellowship & Achievement award for leadership and outstanding potential.

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About Abdul Latif Jameel Group
Abdul Latif Jameel Group is a diversified business that includes automotive distribution, auto parts manufacturing, financial services, renewable energy, environmental services, land and real estate development, logistics, electronics retailing and media services. The Group has an active investments arm and positions itself as a preferred business partner primarily for inward investment into the Middle East, North Africa and Turkey (MENAT) region. Established in 1945 it has dual headquarters in Jeddah, Saudi Arabia and Dubai, UAE, and currently has operations in 17 countries and employs approximately 15,800 people.

For more information, please contact:
Dr. Ibrahim Badawood

© Press Release 2015