The Al-Asas International Holding Group was established in the year 2012 in the State of Kuwait.
Currently it is a single family office that offers its services to a single HNW family.
Al-Asas is a stable, long term investor in its business lines. The Family Office is looking at various investment opportunities effectively and not just for today, but for the next few years to come. In this direction, al Asas has formulated its approach to its business by articulating its vision, mission and strategic objectives to ensure management skills, functional talents, dedication and energy to succeed in making it a strong integrated Family Office recognized regionally and internationally. The group is looking towards separating ownership from management with a long term aim of becoming a Multiple Family Office, supporting multiple families to manage their entire wealth.
A Family office is an organizational structure that manages the financial and personal demands of one wealthy family with 2 main divisions:
- Managing Wealth
- Family Support
Kuwait is a small, oil-rich country with a total area of around 17,820 sq km. Its population is around 2.5 million, including about 1 million non-nationals. Arabic is the official language and English is widely spoken. Islam is the official religion of Kuwait, and about 57% of the Kuwaiti population is Arab. Kuwait is a small, rich, relatively open economy with about 10 % of the world’s crude oil reserves. Petroleum accounts for nearly half of GDP, 95% of export revenues, and 80% of government income.