Major Milestones

A CONTINUING SUCCESS STORY

 

Almasa's development has been acclaimed as one of the major corporate success stories in the region. Mahdi Amjad’s pioneering spirit and desire to make the Middle East self-sufficient in all its IT needs and his ambition to establish a class-leading business has won him the respect of the region's business community and his peers.

Almasa was formed with the single aim of developing one of the leading IT companies in the Middle East. Though IT still remains at the core of the business, Almasa has built up a substantial diversified asset base to support its core operations.

 

1995

Almasa vision takes shape. Mehdi Amjad aims to create an IT conglomerate.

1996

Almasa Computers is established with a capital of Dh 1 million. First Almasa office opens in Dubai.

1997

Almasa starts importing products from Europe, the United States and the Far East. Company achieves turnover of Dhs 10 million.

1998

Local network is developed with representatives in 13 Middle East markets.

1999

As it receives international recognition, Almasa IT Distribution expands into other important IT sectors such as networking solutions, business solutions, software development and manufacture. Company is appointed regional distributor for Maxtor.

2000

Almasa decides to diversify the investment risk and expand into other non-IT areas of business by forming a real-estate division.

2001

Formation of Almasa Business Solutions. Major agreements signed with new vendors such as HP.

2002

Almasa continues to chart unprecedented growth with turnover reaching Dhs 440 million.

2003

As part of its corporate restructuring process, Almasa Group is formed to be the holding company of all Almasa's business interests

2004

Almasa IT Distribution is ranked as the No. 1 hardware distributor in the Middle East and North Africa.

2005

Almasa decides to expand its real estate division and forms a new dedicated property development company called Omniyat Property Development Corporation to enter into the GCC property market; A new Corporate Identity is born, reflecting the infinite growth and opportunities ahead of Almasa Holdings.

2006

Regional expansion of IT Distribution as a broadband distributor.

2007

Omniyat has launched 7 projects in Dubai.

2008

Refocusing and consolidation of the IT distribution business.

2009

Separation of Almasa and Omniyat.

2010

Completion of three projects by Omniyat. Performance Systems sold to IBM.

2011

Acquisition of Town Square.
Formation of Almasa Value Distribution.

2012

Investment in Stay Prime.

2013

Formation of Almasa Mobile Distribution.
Set up and roll out Almasa Care.
Hiring Solutions Company rebranded as Cazar.