HE. Ahmed Humaid Al Tayer , The Chairman of Emirates Bank meets with Al Tomooh Supreme Committee Members (SCM).

Al Tomooh Supreme Committee meeting has been held on 25 March 2003, to review Al Tomooh's achievements during the last period.

H.E.Ahmed Humaid Al Tayer ,The Chairman of Al Tomooh SC, H.E. Abdul Rahman Al Mutwaiee (SCM), H.E. Mohammed Bin Ali Al Abbar (SCM), Mr. Sulaiman Al Mazroui (SCM), Mr. Abdulwahid Al Fahim (GM), Mr. Salah Mohd Amin (TMH MGR), Mr. Bassam Daoud (CRD MGR) and Amal Moustafa (TMH Coordinator) were present at the meeting.

Al Mazroui pointed out that Al Tomooh Finance is already yielding results: "42 projects have already been financed and operational in Dubai, with more to come. These are engaged in various businesses and industrial activities.

Mr. Al Mazroui also indicated that HE Ahmed Al Tayer stressed that the young nationals have great skills and strong well to achieve success. They only need support and encouragement. This represents the core values that Al Tomooh Scheme aims at providing. HE Al Tayer also added that at this stage AL Tomooh management will enhance its marketing plans and will coordinate with both The Economic Dept and the Dubai Chamber of Commerce on further putting together new strategy for new projects..

Mr. Salah Amin -Al Tomooh Manager declared that 5 new projects have been approved during the meeting, to be financed by Al Tomooh with capital of 2 Million Dirhams.

1) Emirates Media Training Company (EMTC)
Activities:

EMTC is a partnership between three UAE nationals (A) Mr. Abdul Hamid Ahmed Al Zarouni (B) Mr. Obaid Sultan and (C) Mr. Saeed Hamdan Mutrif .

The basic activity of the company is providing training services and consulting. Although, training would be the cornerstone of their activities, they will also provide consulting services at a later stage. They intend to associate themselves with highly reputable media training institutes from Europe & the US, who will assist them by providing experienced and professional lecturers to conduct the training courses. They plan to offer their services from a leased office in Dubai.

2) Auto Repair Garage (ARC)
ARC to be a proprietorship concern of Mr. Masood Rashid al Suwaidi (UAE national).
Activities
The company will be primarily engaged in (a) auto-mechanic repair & maintenance services (b) auto-body & paint repair services, done with a paint booth (c) auto-electric repair & maintenance. The company will be capable of servicing most types/models of automobiles, with models serviced ranging from 1989 to 2000. However, they intend to focus on vehicles of the following make: Mercedes, Toyota (Land Cruiser), BMW & Audi.

3) Al Maraya International Trading Co. LLC (AMIT)
AMIT was established in May 02 as a partnership between two UAE nationals namely Mr. Bader Rashed Bin Tamim and Mr. Rashed Ibrahim Al Muhaisini.
Activities
The basic activity of the company will be the import and sale of branded quality cosmetic and beauty products under the name 'Lumene'. 60% of their sales will be on retail basis through shop-in-shop already established in reputed department stores like Life Style, Al Maya Lals, and Fotoohi Discount Center & Orchid Plaza. The remaining 40% will be on wholesale basis to various outlets in the UAE, on credit terms ranging between 60-90 days, on open account as well as against PDCs. The company's wholesale customers will comprise of the major supermarket chains such as Carrefour, Union Co-op and cosmetic and beauty care outlets & beauty salon shops.

4) Al Wakeel School Supplies (AWSL)
AWSL is a proprietorship concern of Mr. Essa Al Suwaidi (UAE national).

Activities
The company will be engaged in supply of teaching materials, equipment & accessories for schools such as PCs, projectors, scanners, flip chart, science kits, and conference accessories. Operations will be mainly retail with sales of these items conducted through the promoter's new showroom to be established in Bur Dubai

5) Faris & Company (FRC)
Activities

Faris & Co. was established in Dubai in 1995 as a partnership concern of Mr. Ahmed Bin Fares(UAE) and Mohammed Humaid Al Marri (UAE). The company is primarily engaged in offering (a) Accounting & auditing services (b) Financial expertise consulting & business valuations (c) Management consulting & preparing feasibility studies. The company presently maintains a customer base of over 60 clients, who represent small and mid-size companies engaged in various economic and non-profit activities in Dubai.

 

Reported by: Al Tommoh

Reported on: 26.03.2003