A Message to the Somali Youth from the Richest Man in Somalia

[Man with a garuun]

Ahmed Nur Jim'ale owns Hormuud, Golis, and Telesom telecommunication companies.

He also owns Taaj money remittance, Salaama Bank, and many other ventures.

He has this message for the Somali youth.

 

[Idilinaa]

Hormuud doesn’t actually own those other companies outright , they either hold small shares or operate through partnerships with other businesses.


Even the founder himself doesn’t fully own Hormuud. The company is owned by thousands of shareholders spread across the country, many of whom also have stakes in other ventures.

It’s not like Dahabshil Group, which is a true conglomerate with direct subsidiaries.

He went through some extremely tough times in his business life. Before Hormuud, he founded a major conglomerate called Al-Barakat Group, which was later raided and sanctioned after 9/11. The Bush administration targeted many Muslim-owned entities during that period, and Al-Barakat was caught in the crossfire. Overnight, he lost everything , his assets were frozen, and he was left in debt.

He managed to pull through only by turning to the Quran for guidance and strength:

In the end, all accusations turned out to be false there was no evidence behind them:

His story is of resilience and perseverance. Despite everything, he went on to play a pivotal role in rebuilding Somalia’s economy and supporting millions of Somalis, with his faith guiding him through it all.

The Man Who Modernized Somalia’s Economy

As a boy, he loved school and herding animals. As a young man, he became a businessman; and as a businessman, through a personal will, he revolutionized an entire industry and became a national pil…

somaliainvestor.so

The key lesson here is simple but powerful: accept what happens, let go of blame and bitterness, and keep moving forward. That’s the only way to grow and rebuild.

 

[𐒁𐒚𐒒𐒂𐒘𐒂𐒗 𐒎𐒚𐒗𐒗𐒒]

He is a shareholder in Golis. He does not own it completely.

Also, will his telecom companies take accountability for supplying anyone, even illegals, with phone numbers? Not to mention, the terrorists that operate in certain areas that will show up on the telecom towers??

 

[Man with a garuun]

He is a shareholder in Golis. He does not own it completely.

Also, will his telecom companies take accountability for supplying anyone, even illegals, with phone numbers? Not to mention, the terrorists that operate in certain areas that will show up on the telecom towers??

He owns over 50% of Golis. That is a controlling interest, and other shareholders can't make decisions without his consent.

Hormuud doesn’t actually own those other companies outright , they either hold small shares or operate through partnerships with other businesses.


Even the founder himself doesn’t fully own Hormuud. The company is owned by thousands of shareholders spread across the country, many of whom also have stakes in other ventures.

It’s not like Dahabshil Group, which is a true conglomerate with direct subsidiaries.

He owns 75% of Telesom shares.

He also owns majority of shares in Hormuud. Other shareholders having shares doesn't mean they can make decisions for these business and overruled him. He has the final say above all shareholders.

He went through some extremely tough times in his business life. Before Hormuud, he founded a major conglomerate called Al-Barakat Group, which was later raided and sanctioned after 9/11. The Bush administration targeted many Muslim-owned entities during that period, and Al-Barakat was caught in the crossfire. Overnight, he lost everything , his assets were frozen, and he was left in debt.

He managed to pull through only by turning to the Quran for guidance and strength:
View attachment 377734

In the end, all accusations turned out to be false there was no evidence behind them:
View attachment 377736
View attachment 377735
View attachment 377737
View attachment 377738

His story is of resilience and perseverance. Despite everything, he went on to play a pivotal role in rebuilding Somalia’s economy and supporting millions of Somalis, with his faith guiding him through it all.

The Man Who Modernized Somalia’s Economy

As a boy, he loved school and herding animals. As a young man, he became a businessman; and as a businessman, through a personal will, he revolutionized an entire industry and became a national pil…

somaliainvestor.so

The key lesson here is simple but powerful: accept what happens, let go of blame and bitterness, and keep moving forward. That’s the only way to grow and rebuild.

 

[Idilinaa]

He owns over 50% of Golis. That is a controlling interest, and other shareholders can't make decisions without his consent.





He owns 75% of Telesom shares.

He also owns majority of shares in Hormuud. Other shareholders having shares doesn't mean they can make decisions for these business and overruled him. He has the final say above all shareholders.

They all hold shares in each other’s companies and operate as investors, but Telesom and Golis are still major competitors to Hormuud. There isn’t a single, centralized ownership , instead, there’s cross-ownership, with many overlapping shareholders who invested in multiple firms during the early 2000s when they collaborated to build national infrastructure. That created a network of partnerships, not one empire owned by a single person.

Owning a majority stake doesn’t automatically mean someone can unilaterally control a company. That authority rests with corporate directors or shareholder votes, all of which are bound by the same legal and financial regulations.

Hormuud, Telesom, and Golis are collective shareholder companies , they’re owned by hundreds, even thousands, of investors, including many ordinary Somalis and members of the diaspora.

Hormuud especially is structured as a private limited company with thousands of small shareholders.

There’s no single individual who holds 75% or even 50% of Hormuud’s shares , that’s publicly verifiable through Somali business registries and company statements.

 

[Gacmeey]

He owns over 50% of Golis. That is a controlling interest, and other shareholders can't make decisions without his consent.





He owns 75% of Telesom shares.

He also owns majority of shares in Hormuud. Other shareholders having shares doesn't mean they can make decisions for these business and overruled him. He has the final say above all shareholders.

Good so he can be held responsible for the wanton supply of SIM cards/bank accounts to oromo and Daesh?