RAK Ceramics is a publicly listed company, traded on both the Abu Dhabi Securities Exchange and the Dhaka Stock Exchange, with no single majority owner. Falcone Investments holds the largest stake at roughly 20.71%, alongside other shareholders including Al Rajhi Partners LLC and the Government of Ras Al Khaimah itself.
Quick Facts
| Company | RAK Ceramics PJSC |
|---|---|
| Ownership Type | Publicly listed (Abu Dhabi Securities Exchange, Dhaka Stock Exchange) |
| Largest Shareholder | Falcone Investments (~20.71%) |
| Other Major Shareholders | Al Rajhi Partners LLC, Government of Ras Al Khaimah |
| Chairman | Sheikh Saqr (since 2021) |
| Group CEO | Abdallah Massaad |
| Founded | 1989 |
Ownership History
| Year | Development |
|---|---|
| 1989 | RAK Ceramics founded in Ras Al Khaimah, United Arab Emirates |
| 2000s | Company expands into one of the world’s largest ceramics manufacturers, exporting to more than 150 countries |
| 2021 | Sheikh Saqr becomes Board Chairman, bringing prior public and private sector financial experience |
| Recent years | Company pursues licensing partnerships, including a deal with Roberto Cavalli for luxury tile, sanitaryware, and faucet collections, to expand its premium product lines |
Key Ownership Highlights
- Falcone Investments’ roughly 20.71% stake makes it the single largest shareholder, though no investor holds a controlling majority.
- The Government of Ras Al Khaimah retains a shareholding position, reflecting the company’s origins as a strategic emirate-backed industrial project.
- Dual listing on both the Abu Dhabi and Dhaka exchanges reflects the company’s significant manufacturing and market presence in Bangladesh alongside its UAE base.
FAQ
Who owns RAK Ceramics?
No single majority owner. Falcone Investments holds the largest stake at roughly 20.71%, alongside other shareholders including the Government of Ras Al Khaimah.
Related Reading
RAK Ceramics shares its Ras Al Khaimah government-linked ownership structure with fellow building-materials producer RAK White Cement.
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