Founded in 2004, ASK Holdings has its roots tracing back to the 1960s, when Ali Sulaiman and Mohamed Ali established a boat service to Addu Atoll. Over the decades, the company expanded into hardware retail, construction, and engineering services. Today, ASK Holdings focuses on investment management and provides centralized support services such as finance, marketing, IT, logistics, HR, and legal support to its subsidiaries. The company generates revenue through management fees and dividends from its subsidiaries.