Kuwait has seen tremendous transformation in the past 100 years. The discovery of Oil reserves changed the country from a modest fishing and pearl diving hamlet to the developed country of today. The Al-Rashed family has been instrumental in this marked development. In 1911, a young man by the name Abdulaziz Abdulmohsin Al-Rashed set the groundwork for what was to grow into one of the most successful and trusted family owned business in Kuwait. His foresight to build long-term partnerships with global businesses laid the foundation on which the Al-Rashed Group operates today.
The Al-Rashed Group Holding Company was established in 2000 with the plan to coalesce under one group, our subsidiary companies, shared management joint ventures, international agency representations, licensed manufacturing and service centres, sales and distribution as well as direct investments in strategic markets. We endrose the highest standard of ethics and professional management based on a formalised corporate governance structure processed through an elected board of Directors. All fiscal, commercial and financial activities in the operations of the entire Group is carefully regulated and ensured to be of the highest standards set by the Board. As a result, Al-Rashed Group Holding Co. enjoys an outstanding reputation with both international partner companies and the business community in Kuwait.
Al-Rashed Group Holding Company can proudly demonstrate a successful track record and enjoys strong relationships with many leading international companies for more than ten decades. Looking ahead, Al-Rashed Group Holding Co. will continue to seek opportunities to further strengthen and enhance the relationships with its international partners and explore new opportunities to complement its strength in key strategic markets.
Al-Rashed Group Holding Company operates on the principles established by its founder, late Abdulaziz Abdulmohsin Al-Rashed, which emphasizes “to deliver the highest customer service through quality and reputation”. As a result, Al-Rashed always prefers to associate with international companies which embody this philosophy. As a family business spanning three generations, Al-Rashed seeks to build long-term business partnerships which will enhance future generations and contribute to the ongoing industrial and commercial development of Kuwait.
In order to ensure the highest standards of ethics and professional management, Al-Rashed Group Holding Company operates by a formalized corporate governance structure. Managed through an elected Board of Directors, the fiscal, commercial and financial activities of the Group are carefully regulated to ensure that the high standards set for the operations of the Group and its subsidiary companies are upheld. As a result, the group has an outstanding reputation with both international partnering companies and the business community in Kuwait.
Board of Directors
Mr. Abdulaziz Saad Al-Rashed
Chairman and CEO
Mr. Mishal Abdulmohsin Al-Rashed
Mrs. Basemah Saud Al-Rashed
Mrs. Hanadi Faisal Al-Refae