Multi-Sector Group with Global Presence
Today, Al-Rashdan Group Holdings stands as a multi-sector conglomerate with a global presence, excelling in healthcare investments, real estate, and diversified investments. From its origins in Dubai and Kuwait, the group has grown to become a trusted name in diversified global investments, making a positive impact worldwide. With a strong focus on ethical investments, innovation, and a deep family business legacy, the group continues to shape the future and create value for generations to come.
Group Restructuring and Company Formation
Between 2021 and 2022, Al-Rashdan Group Holdings underwent a significant restructuring process to streamline operations and align the business with modern industry standards. This included the formal creation of several new companies, such as Al-Ibda’a Medical Group and others, ensuring the group’s continued growth in diverse sectors including healthcare, real estate, and family business investments.
Strategic Expansion into Real Estate
In 2014, Al-Rashdan Group Holdings strategically expanded into real estate investments, recognizing the growth potential in both the local and international markets, especially in Dubai. With Dr. Ibrahim Al-Rashdan and his son Meshari Al-Rashdan at the helm, the group ventured into luxury residential and commercial properties, establishing a strong presence in the Dubai real estate market. This expansion reflects the family’s commitment to long-term growth and sustainability in the real estate sector.
Dr. Ibrahim Opens His Private Medical Clinic in Kuwait
In 2003, Dr. Ibrahim Al-Rashdan, a visionary cardiologist, opened his first private medical clinic in Kuwait, marking a pivotal moment in shaping the future of private healthcare in Kuwait. His vision was to provide cutting-edge medical care while prioritizing patient well-being. His clinic quickly became a trusted name, paving the way for the expansion of Al-Ibda’a Medical Group and further healthcare investments.
Eng. Mansour Rashid Al-Rashdan Opens His Engineering Consultancy Office
In 1994, Eng. Mansour Rashid Al-Rashdan established his engineering consultancy office in Kuwait, offering high-quality services in architectural, civil, and structural engineering. The office quickly gained a reputation for delivering innovative solutions, contributing to numerous residential, commercial, and infrastructure projects across Kuwait. Eng. Mansour’s commitment to excellence and efficiency helped the office grow, establishing it as a trusted name in the engineering industry. This success laid the foundation for his leadership role in Al-Rashdan Group Holdings and its expansion into diverse sectors.
Rashid Al-Rashdan Begins Trade in Dubai
In the 1950s, Rashid Al-Rashdan, the patriarch of our family, started his entrepreneurial journey in Dubai, marking the beginning of the Al-Rashdan family’s commercial legacy. Dubai, at that time, was still emerging as a vital trading hub in the Gulf region. With its vibrant market and strategic coastal location, Dubai provided the perfect setting for family business growth.
The Arrival of Rashdan’s Boom in Mombasa Port
In the 1930s, Rashdan’s Boom, crafted by Suleiman Al-Ustad and Kuwaiti shipbuilders during World War I, was purchased by Mohammed Bin Rashdan. This iconic trading ship became one of the most beautiful and robust vessels ever built in Kuwait. Equipped with square wood beneath its base, it was operated under the leadership of Captain Abdulwahab Issa Al-Qatami. It played a crucial role in connecting Kuwait to Africa for trade, specifically at Mombasa Port, fostering commerce between the two regions.
Ben Rashdan Souq _ A Historical Landmark in the Heart of Kuwait
The “Ben Rashdan Souq” is one of the most prominent historical commercial landmarks in Kuwait. Established in the last century by the renowned Kuwaiti merchant, the late Rashid bin Rashdan Al-Azmi, the souq was built to serve as a center for selling fabrics and textile products. It included more than twenty shops, covered with “boari” (woven bamboo mats), with two entrances leading to an internal market and adjacent alleys. The souq was home to a group of fabric vendors, as well as merchants selling materials. The souq gained wide popularity among the old markets of Kuwait and flourished for more than a quarter of a century, until the 1950s when newer markets began to emerge.
The “Ben Rashdan Souq” stands as a witness to Kuwait’s commercial history, serving as a vital hub for trade and cultural exchange in the pre-oil era. It continues to be remembered with pride in the hearts of Kuwaitis as part of their rich heritage.
Mohamed Bin Rashdan’s Trading Legacy
Our grandfather, Mohammed Bin Rashdan, was a prominent figure in the history of Kuwaiti trade in the late 19th and early 20th centuries. His pioneering efforts in shaping Kuwait’s commercial landscape began with Boom bin Rashdan, a 150-foot trading ship. Distinguished by its three masts, a rarity at the time, Boom bin Rashdan played a pivotal role in maritime trade for many years and remains a significant part of Kuwait’s maritime heritage. This ship became one of the key tools for trade and laid the foundation for our family’s deep roots in the world of business. Mohammed Bin Rashdan has dead in 1905 and left big legacy behind him.
