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Al Rostamani Group to double its assets

DUBAI — Al Rostamani Group, one of the largest and oldest business conglomerates in the UAE, recently, launched its 50th anniversary celebrations by announcing major growth plans that will see the group expanding geographically and into new business sectors, and doubling its assets in five years.

Al Rostamani Group's expansion plans will focus on high-growth sectors in emerging markets in the Middle East and North Africa (MENA) region and the Indian Subcontinent.

Al Rostamani Group will also celebrate its anniversary by offering year-round promotions at its various companies. The group's flagship Central Trading Company (CTC), founded in 1957, will host events to mark the 50-year milestone. CTC is a key player in the UAE's trading sector, and agent for Michelin, Castrol and Blue Star, among other industry giants,

Marwan Abdulla Al Rostamani, Chairman, Al Rostamani Group, said, "Our growth approach, which is in tandem with the policies of the government, also echoes the vision of our founder and late chairman Abdulla Hassan Al Rostamani, who believed in doing business in a way that benefited the people and the country."

Hassan Abdulla Al Rostamani, Vice-Chairman, Al Rostamani Group, said, "We provide direct and indirect employment to over 3,000 people."

He added: "To mark our Golden Jubilee Year, we are announcing new CSR initiatives."

Al Rostamani Group donated Dh7 million to Dubai Cares. The group was among the first national companies that made this donation, on September 25, within a week of its announcement.

Al Rostamani Group has a diversified portfolio of businesses in such high-growth areas as automobile and heavy equipment sales, trading, finance, travel, communications, IT, property and real estate. Most recently, the group unveiled Emirates Recycling LLC, a company dedicated to recycling construction and demolition waste. The Group also has partnerships with global leaders like Suzuki, Renault, Nissan Diesel, Tata, Michelin, Castrol and NEC.