The Group was established in 2000 as a limited liability company under Rum Tourism Transport LLC, specialized in providing transportation services to tourists. It started its operations in late 2002. After that the Company began diversifying its investments by acquiring a three stars hotel in the Sweifieh commercial district; Al Waleed is now an ideal boutique city hotel enjoying high occupancy rates and boasting a list of clientele including corporate, tourism and walk ins.
In 2006 the Company was approved to list its shares on the Amman Stock Exchange, under (RUMM), with a paid-up capital of JD 6.0 mn. In 2008, the Company made another strategic acquisition by buying an inbound tour operator, for the purpose of creating a marketing arm for its services. On the capital front, and in the same year, the Company increased its paid-up capital to JD 7.0 mn.
This was followed by distributing 700 thousand free shares to investors in the year 2009, which increased the paid-up capital to JD 7.7 mn. Late in 2009, the Company changed its commercial presence, resulting in the formation of five brands; Rum Group as the mother company, Rum Trans, Rum Tours, Rum Hotels, and Petra Airlines. In 2010, the Group increased its paid-up capital to JD 8.7 mn, with an authorized capital of JD 14.0 mn.