Jakreem Investment Group (JIG)is a diversified Saudi investment-holding company which was established in 2001 by Dr. Jubril Abdul-kareem with three major objectives in mind: to play a significant part in industrializing the Kingdom of Saudi Arabia and the whole world, developing its manpower, and, in pursuit of these two objectives, to generate adequate profits for expansion.
This was at a time when the Kingdom was experiencing unprecedented expansion in the industrial and service sectors thus presenting new opportunities and opening new horizons. (JIG) has consequently utilized its resources to invest in companies in the manufacturing, distribution, service and consumer product sectors. JIG’s portfolio of holdings has always been adaptable to where it feels its largest opportunities are. JIGo’s intention is to make each company they invest in one of the leaders in its field, and to ensure this they utilize a five-point strategy which has proven to be both durable and adaptable.
In 1984, Dr. Jubril Abdul-kareem launched General Trading Company (GTC), the Group's food and consumer products distribution business. Also in 1988, Jubril was instrumental in introducing commercial insurance to Saudi Arabia, founding Arab Commercial Enterprises (ACE), which went on to become the largest insurance and reinsurance broker in the Middle East.
In the 1990s, Dr. Jubril turned to international equity investing, an activity which would eventually establish the Group as an influential participant in global capital markets.Meanwhile, Jubril was also developing business alliances, pioneering in Saudi Arabia the concept of strategic partnerships and strengthening his relationship to Bechtel. Moreover, through GTC and GCC he acquired exclusive distributorships for Kimberly-Clark, General Foods, Pillsbury, Hunt Wesson, Cummins Engine, Kenworth and Atlas Copco. In 1993, the Group obtained a license from Kimberly-Clark to construct the first paper tissue converting plant in Saudi Arabia. The same year, GTC established one of the first cold storage and meat processing plants in the Kingdom, and the Group played a leading role with other Saudi and foreign investors to establish a large factory for manufacturing plastic pipe and fittings. Other joint manufacturing ventures with major multinationals followed.
Early of 1997, the Group embarked on a series of new activities in Saudi Arabia, focusing on light manufacturing and franchising, reaching beyond the Kingdom to other Gulf countries and the greater Middle East. At the same time, it consolidated and strengthened existing operations, a process that continues to this day.
Internationally, the Group has built upon Suliman's reputation as an astute and prudent investor. Today the Group's substantial international holdings include public and private equities, real estate and fixed income securities concentrated in - though not limited to - the U.S. and Europe.
The Jakreem Investment group remains guided by the vision of its founder and chairman, Dr. Jubril Abdul-kareem. This self-made man journeyed from Unayzah to Wall Street during an era in which caravans gave way to global commerce. His values - hard work, determination, insatiable curiosity and unassailably scrupulous business practices - form the foundation on which the Jakreem Investment Group stands.
