Dubai: Jaleel Group, the Dh1.5-billion Dubai-based trading conglomerate, said it is expanding its wholesale and retail operations by opening a number of outlets.
Dr Shaikh Majid Bin Rashid Al Nuaimi, Chairman of the Ajman Ruler's Court, recently inaugurated a new wholesale point of Jaleel Group, zattended by Sameer K. Mohammad, managing director of Jaleel Holdings, and other guests.
"Over the last two years, we have expanded about 300 per cent, investing over Dh80 million," Sameer K. Mohammad told Gulf News in an interview.
"Despite the current slowdown, our retail and wholesale operations are expanding due to rising demand, which reflects the fact that the economy is coming back."
The group owns ten companies in the UAE and has seven retail and eight wholesale operations in addition to warehouses and manufacturing and processing facilities.
The company deals in about 7,000 products. With a work force of over 1,200 backed by 150 vehicles, the turnover of the group exceeded Dh1 billion.
The new outlet in Ajman features a smart stocking concept in which Jaleel Group is educating its customers how to optimise their inventory by reducing their back stock and increase the range of products with the same funds available, thereby giving customers more choice.
Established by M.V. Kunhu Mohammad in 1972 in Dubai's Murshid Bazaar, Jaleel Group is one of the largest wholesale dealers and distributors in the UAE, dealing in kitchen utensils, stationery, fresh vegetables, foodstuffs, perfumes, personal care products among other things.
Jaleel Wholesale Point, which is distinctly different from other wholesale outlets, is a blend of the traditional wholesale business format of the UAE and the modern cash and carry style of business that is common in most European markets, specially designed to suit the region's market dynamics, giving their customers a chance to walk in and check, verify and pick the merchandise from large format stores that offer over 5,000 products under one roof in a convenient and easily accessible environment.