In 2002, FIRST was established as a Bahraini Limited Liability Company with a paid-up capital of BD 500,000/- . It was solely owned by two, well-known real estate developers. In 2005, the structure of the Company changed to a Bahraini Joint Stock Closed Company with a paid-up capital of BD 30 million. In March of 2007, the paid-up capital was increased to BD 31,800,000/- .
In November of 2007, the shareholders agreed to change the structure of the Company to a Public Holding Company. This will enable the Company to increase its resources to a well capitalized company, committed to further develop its strategy and operations to grow locally, regionally and internationally.