Jakel emerges as second largest shareholder in Pharmaniaga with 10% stake
KUALA LUMPUR (July 31): Jakel Medical Sdn Bhd, a subsidiary of Jakel Capital Sdn Bhd, has emerged as the second-largest shareholder in Pharmaniaga Bhd (KL:PHARMA) after acquiring a 10% stake in the healthcare concessionaire. The stake, or 655.75 million shares, was acquired through a private placement on Tuesday (July 29), according to Pharmaniaga’s bourse filing […]
Jakel MD: Masjid Madani was the dream of my late father
In his opening speech at the ground-breaking ceremony of Masjid Madani at Jalan Masjid India on Thursday (March 27), Jakel Group managing director Datuk Mohamed Faroz Mohamed Jakel said the mosque was the dream of his late father Mohamed Jakel Ahmad. He added that the mosque is not to replace the surrounding mosques of Masjid […]
Jakel committed to invest RM1bil this year and more in 2025 to expand
KUALA LUMPUR: The Jakel family has committed RM1 billion in capital for investment in 2024, with an even larger capital commitment expected in 2025, according to Muhammad Ashraf, director of Jakel Capital Sdn Bhd. He said that digital infrastructure is a key component of the group’s diversification strategy. Jakel Group is partnering with PiDC Holding […]
2023 – Newsmakers: Intriguing Shareholder Moves
The Jakel Group, led by Faroz and his brother Nizam, surprised the market this year when they emerged as substantial shareholders of Cypark Resources Bhd. The brothers, who are involved in textile trading and property development through the Jakel Group, are no strangers to the capital market. After all, they have emerged as shareholders in […]
Jakel rubbishes claim Shah Alam outlet fire was insurance fraud bid
KUALA LUMPUR: Jakel group managing director Datuk Seri Mohamed Faroz Mohamed Jakel has dismissed allegations that the fires at its Shah Alam outlet on Sunday and today were started in an attempt to make fraudulent insurance claims. He said the claim, which has been circulating on social media, did not make sense as the Shah […]
Jakel to sell plantation assets to Harn Len
KUALA LUMPUR (Jan 12): Jakel group seems to be in the thick of action these days. Shortly after it took up a substantial stake in Cypark Resources Bhd, the textile giant is likely to emerge as a shareholder in Johor-based oil palm planter and property developer Harn Len Corp Bhd. According to a source, Jakel will be […]
Jakel Group MD emerges as Sedania Innovator substantial shareholder
KUALA LUMPUR (May 28): Jakel Group managing director Datuk Mohamed Faroz Mohamed Jakel has emerged as a substantial shareholder in Sedania Innovator Bhd, after acquiring 43.53 million shares or a 12.55% stake in the group. Mohamed Faroz had acquired the shares via a private placement, Sedania Innovator said in a stock exchange filing. Sedania Innovator […]
Jakel plans skyscraper in vicinity of Petronas Twin Towers
THE property development arm of textile wholesaler and retailer Jakel Group is planning to build a 74-storey-tall building within the Golden Triangle near the Petronas Twin Towers in Jalan Pinang. Sources peg the gross development value (GDV) of the development — adjacent to the Kuala Lumpur Convention Centre and next to the Grand Hyatt Kuala […]
The man who transformed a family business to a leading textile firm
AS the saying goes, mighty oaks from little acorns grow. This is perfectly true for Jakel Group, which has indeed come a long way since its humble beginnings in 1983, operating out of a small shop selling carpets, rubber mats and curtains. With its foundation and perseverance built through the decades, Jakel Group is today […]
CapSquare to reopen as Jakel Square in January
EXTILE retailer and wholesaler Jakel Trading Sdn Bhd will launch its first property development project, Jakel Square, in Kuala Lumpur next month with the opening of the country’s largest textile mall. Previously known as CapSquare Retail Centre, the building in Jalan Munshi Abdullah has undergone an extreme makeover and will also be home to new […]