Rasmal Holding Company, previously known as Rasimal Financial Services, was established on May 15, 2000, under Memorandum No. 1636 Volume / 1. It was officially registered in the Commercial Register under No. 80868 on May 22, 2000.
On June 18, 2005, during the Ordinary General Assembly, the shareholders approved a name change for the company to become Rasmal Holding Company. Alongside the name change, the capital was increased to twenty-five million Kuwaiti dinars, fully paid up. Additionally, the company's activities were amended to primarily focus on owning shares in both Kuwaiti and foreign companies, as well as participating in the establishment of various types of companies. Moreover, the company engages in managing, lending, and guaranteeing such companies. The amendments made to the Memorandum of Association and the Articles of Association were duly noted in the Commercial Register on July 5, 2005.
Company capital:
As of the financial year ending on December 31, 2020, the authorized, issued, and fully paid-up capital of Rasmal Holding stands at KD 16,240,431. This capital is distributed over 267,500,000 shares, each with a nominal value of 100 fils per share.
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