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0 years
Family-owned
$0+ billion
Investment & Advisory
History

KARMALI, four consecutive generations of family entrepreneurs since 1905.

1905

Our business heritage started in maritime and trading with the establishment of Karmali Shipping and Karmali Continental in East Africa. The business activities included ship services and the shipping of gold, copper, minerals, and other commodities internationally. The company leadership was managed in succession by three generations of the Karmali family.

1994

Karmali Group International Investments (KARMALI) was established in Vancouver Canada with offices inside the World Trade Center, and Park Place. The business activities expanded to investment, financing, and acquisition of petroleum, mining, and real estate assets. Mr. Al M. Karmali, the great-grandson of the founder, was appointed as CEO of the conglomerate at the age of 24.

2012

Mr. Karmali advanced the corporation and its business activities to facilitate foreign direct investments (FDI) on a national scale with the opening of additional offices in Toronto Canada located inside the Stock Exchange Tower, and a private office in the Four Seasons Hotel.

2024

KARMALI relocates the Canadian and global business to Switzerland. A separate independent USA office registered as Belmont Royce is established in Palm Beach Florida to facilitate all North American business. We continue to invest and acquire international energy, mining, real estate, and agricultural land assets.

Leadership

Ethical. Experienced. Effective.

AL M. KARMALI Chairman & CEO

Mr. Karmali is a fourth-generation entrepreneur in his family. He serves on the board of directors for a number of companies and has held the title of Chairman and Chief Executive Officer for Karmali Group International Investments and its subsidiary corporations for more than 30 years.

He is a former advisor and consultant to the stock exchange in Canada, and is an investor, financier, and advisor on worldwide projects valued at more than USD $280-billion-dollars.

Al M. Karmali is consistently recommended by Canadian and international governments, government agencies, and investment firms.

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Mr. Karmali’s education includes Harvard Business School, Stanford Business School, and the London School of Economics with specialization in finance, private equity, and business strategy.

His military service was with the Canadian Armed Forces and was enlisted in the Queen’s Own Rifles airborne infantry division, and afterwards, in the 7th Toronto Regiment artillery division.

Selected Experience

Connecting foreign delegates from Europe, East Asia, and Gulf countries to the Government of Canada and the Province of British Columbia for foreign direct investments (FDI) and public-private partnerships (PPP P3) in Canadian energy, mining, and infrastructure assets and projects.

Advisor, and consultant to the Canadian Securities Exchange (CSE), a national stock exchange in Canada. Mr. Karmali and KARMALI (“the company”) were vetted and approved by the securities commission and stock exchange in 2009. His expertise in investment and financing were formally recommended by the stock exchange to their publicly listed clients. In 2016, KARMALI was engaged by the CSE as lead advisor on a stock trading platform which was successfully implemented by the stock exchange in 2017.

Leader and equity partner for a private consortium of investors. Provision of advice in business, investment, and acquisition strategy for the USD $5-billion-dollar purchase of the Ashikaga Bank, a financial institution in Japan. Mr. Karmali was invited to meet with Japan’s Prime Minister Shinzō Abe during this process. Nomura Holdings completed the project financing.

Independent advisor to the Doha Bank Qatar, assisting the Canadian representative office with structuring and drafting investment and finance proposals for high-profile corporate clients in Canada.

Equity partner with the former advisor to President Reagan, Erich Hauser of Avatar MGMT LLC, which was the lead company on a USD $26-billion-dollar infrastructure development project in the Middle East. The company strategically had offices in Denver, Vancouver, Frankfurt, and Cairo. Hosni Mubarak, former President of Egypt, was the majority owner of Avatar Gold Cairo.

Equity joint venture partnership with the former board member of the Rockefeller Foundation, and representative of Adnan Khashoggi to advise and invest in financial institutions, energy, mining, and infrastructure assets in North America and on the continent of Africa.

Equity partner with the former advisor to the US Federal Reserve, Warren Hedstrom of Hedstrom Group, a US investment firm involved in the hypothecation of gold mining assets in Nevada valued at USD $4.25-billion-dollars. Mr. Karmali, along with Warren Hedstrom, partnered in additional projects, including the provision of investment for the re-organization, streamlining, and acquisition of a USD $6.8-billion-dollar per annum petroleum project located in the United States.

Investor, and or advisor in US and Canadian port and commercial waterfront properties, resort developments, senior housing complexes, and residential condominium projects. Involved in business and finance for a USD $8-billion-dollar hotel and casino investment firm located in Beverly Hills, with flagship assets in Nevada.

Guest lecturer in real estate investments at Simon Fraser University (SFU) Vancouver. Advised and mentored students in financing, investments, acquisitions, skip-transfers, joint-venture partnerships, syndications, and portfolio building strategies.

Independent advisor to JOGMEC and to the Saudi Business Council for their client’s business and asset acquisitions in Canada. Advisor to the former Canadian ambassador to Saudi Arabia, Peter Sutherland, and for his network of Gulf contacts and their investments in Canadian commercial real estate.

Independent advisor to the representative of alfanar Group, a Saudi Arabia corporation, with their entry infrastructure investment in Canada. alfanar Group generates approximately USD $5-billion-dollar revenue per annum and has approximately 20,000 employees. Mr. Karmali identified quality infrastructure assets as per their initial joint venture partnership criteria with the ability to invest in tranches to acquire the assets in whole.

Advisor to a prominent national from Saudi Arabia (Confidential Name) regarding his investment strategies in the Canadian gold mining sector. Provided guidance with the identification of quality assets and companies for introduction, investment, and joint-venture partnerships. Advisor to Gulf families (Confidential Names) from Bahrain, Kuwait, and Qatar with their entry investments in Canadian real estate.

Contact

By Appointment Only.

MONACO

One Monte-Carlo
1 Place du Casino, 98000 Monaco

SWITZERLAND

Ritz-Carlton Hotel de la Paix
Quai du Mont-Blanc 11,
1201 Genève, Switzerland

UNITED STATES

440 Royal Palm Way
Palm Beach, Florida 33480, United States (USA)

Palm Beach office is a separate and independent entity registered as Belmont Royce.