The Al-Baalbaki story in trade and building materials begins in 1955, when the late Haj Faiz Rushdi Al-Baalbaki founded the Al-Baalbaki Building Materials Company in Damascus and laid the foundation of a business that has continued across generations.
Haj Faiz Rushdi Al-Baalbaki came from the Baalbaki family, one of the old Damascene families with a known place in the city's commercial and economic life. His father, the founding grandfather Rushdi Al-Baalbaki, was among the founders of the Damascus Chamber of Commerce and contributed to establishing Al-Mouwasat Charity Hospital, among other Damascus institutions.