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.
Almasa vision takes shape. Mehdi Amjad aims to create an IT conglomerate.
Almasa Computers is established with a capital of Dh 1 million. First Almasa office opens in Dubai.
Almasa starts importing products from Europe, the United States and the Far East. Company achieves turnover of Dhs 10 million.
Local network is developed with representatives in 13 Middle East markets.
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.
Almasa decides to diversify the investment risk and expand into other non-IT areas of business by forming a real-estate division.
Formation of Almasa Business Solutions. Major agreements signed with new vendors such as HP.
Almasa continues to chart unprecedented growth with turnover reaching Dhs 440 million.
As part of its corporate restructuring process, Almasa Group is formed to be the holding company of all Almasa's business interests
Almasa IT Distribution is ranked as the No. 1 hardware distributor in the Middle East and North Africa.
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.
Regional expansion of IT Distribution as a broadband distributor.
Omniyat has launched 7 projects in Dubai.
Refocusing and consolidation of the IT distribution business.
Separation of Almasa and Omniyat.
Completion of three projects by Omniyat. Performance Systems sold to IBM.
Acquisition of Town Square.
Formation of Almasa Value Distribution.
Investment in Stay Prime.
Formation of Almasa Mobile Distribution.
Set up and roll out Almasa Care.
Hiring Solutions Company rebranded as Cazar.