Year 2002 witnessed the
formation of A'amal Holding Co. (AHC) as a Kuwaiti closed
Shareholding Company with an initial paid-up capital
of KD 1 million.
On a strategic shares owning of (MGC)
W.L.L, making it a fully owned subsidiary, (AHC) restructured
the different revenue streams and activities of (MGC)
by forming four fully owed subsidiaries.
As a result of the corporate long term commitment to
business and operation growth, diversification and strategic
alliances with new leading shareholders, all of whom
sharing the vision of (AHC), the capital structure of
(AHC) have been reengineered to be raised to KD 4 million
during year 2002.
Commitment to achieving our 5 years strategic
business plan, in year 2003 (AHC) went through a second
private placement equity to raise its paid capital to
KD 5,606,425 and additional paid in capital K.D 2,393,575
with a new Kuwaitis leading businessmen and listed investment
houses.
As end of year 2003 (AHC) owned and controlled
six subsidiaries which operate in different industry
segments.
AHC’s management intended
to list the shares of the company in the Kuwait Stock
Market during year 2005.
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