Holding company is a company whose primary business is holding a controlling interest in the securities of other companies.A holding company usually does not produce goods or services itself. Its purpose is to own stock of other companies to form a corporate group.
Holding companies are also created to hold assets such as intellectual property or trade secrets, that are protected from the operating company. That creates a smaller risk when it comes to litigation.
LEUMIA HOLDING
Leumia Holding was established in 2021 for better management and supervision of its subsidiary companies. The main purpose of the holding is to select the board members of related companies and make general economic policies towards its subsidiary.
The subsidiaries of this holding operate internationally in the fields of financial management and digital marketing, e-commerce and investment in high-tech, oil, gas, petrochemical, construction and tourism, etc. with their 15 independent and specialized companies.
Holding companies reduce risk for the shareholders, and can permit the ownership and control of a number of different companies. The New York Times uses the term parent holding company.
In some jurisdictions around the world, holding companies are called parent companies, which, besides holding stock in other companies, can conduct trade and other business activities themselves.
