Dar Al Dhabi Holding Co., K.S.C. (Closed) was founded as a closed Kuwaiti shareholding company (Holding) under incorporation contract No. 6601/Volume 1 on August 30, 2004. The company was officially registered in the commercial register with the number 103326 on October 23, 2005, and the most recent amendments were recorded on November 15, 2023.
Previously, Dar Al Dhabi Holding Co, K.S.C. (Holding) was a subsidiary of Bayan Investment Co., K.S.C. (Public), the former parent company listed on the Kuwait Stock Exchange. In the fiscal year that ended on December 31, 2022, Bayan Investment Co., K.S.C. (Public) lost its controlling interest in Dar Al Dhabi Holding Co. This change occurred due to the distribution of Dar Al Dhabi shares as in-kind dividends to Bayan Investment’s shareholders. Consequently, Bayan Investment Co., K.S.C. (Public) is no longer the main parent company of the group.
Company Capital
According to the company’s annual financial report for the fiscal year ending December 31, 2023, Dar AlDhabi's authorized, issued, and fully paid capital stands at KWD 100,000,000 (KWD 100,000,000 / 2022). This capital is divided into 1,000,000,000 shares (one billion shares) with a nominal value of 100 fils per share, all of which are cash contributions.
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