International Traders (Middle East) Ltd. Is the first company in Dubai to receive a decree of incorporation from His Highness Sheikh Rashid Bin Saeed Al Maktoum, regarded as the Father of Modern Dubai.
The Decree was issued five years after the company was founded in 1953 in Dubai, deriving growth impetus from the open-hearted approach of His Highness Sheikh Rashid to new enterprises.
Founded when Dubai was part of the Trucial States, ITL Group built its business-base from humble beginnings. Initially, textiles were the principal trade of the company. With the oil boom and the socio-economic prosperity that accompanied, ITL Group moved into consumer electronics- one of the first companies in the region to do so. Thus was born the Cosmos era- a new chapter in the retail sector of Dubai.
Since then, ITL Cosmos Group has consolidated its pole position in consumer electronics, IT and PC products, telecommunications, home and kitchen appliances, photographic products, business equipment, data and storage products, clocks and watches, personal grooming products, household products, office stationery, textiles, linen and luggage, food and personal banking
Today the group is active in manufacture, distribution, retail and financial services remaining at the forefront of the marketplace bringing the latest products and services to the customer. The Group’s success is a story of strife and reward, and the company’s growth is a direct result of the growth of the Emirates itself.
ITL Cosmos Group is synonymous with fair business practices, ethics quality service and commitment to society.
ITL Cosmos Group is the first company in Dubai to receive a decree of incorporation from the Ruler of Dubai late His Highness Sheikh Rashid bin Saeed Al Maktoum in the year 1958 – a matter of immense pride! The decree was issued five years after the company was founded in 1953 in Dubai, deriving growth impetus from the open- hearted approach of His Highness Sheikh Rashid to new enterprises.
The development of the group and the emirate Dubai have gone hand in hand complementing each other in growth, success and far sighted vision.
His Highness Sheikh Rashid’s decree was a turning point for the five – year- old company, which set to fulfil its mission-a promise to the Ruler to serve the community and work towards the prosperity of the nation.
Success is a habit and Dubai proves this golden adage.
ITL Cosmos Group has imbibed its growth synergy from this dynamically evolving nation and today having accomplished our goals, we are setting new ones in tune with the demands of the future.
The Group was established at a time when there was no similar formula for growth in Dubai that we could replicate. After all, Dubai was not the gleaming metropolis that it is today. It was an evolving trading port and our founders realized the growth opportunity offered by Dubai. We surprised them with the warmth and welcome they received in this city — a tradition that still continues.
In this journey, our prime drivers are the customers and society. By aligning our goals with societal well-being, we are now proud to further strengthen our corporate social responsibility initiatives.
It is a journey of consistent innovation, one that has marked our evolution from Day One.
Dr. Ram Buxani (Ph.D, D.Litt), Chairman, ITL Cosmos Group
Company established in Dubai under the name of International Traders (East Africa) Ltd.
Receives special charter from the Ruler of Dubai, H.H. Sheikh Rashid bin Saeed Al Maktoum,
on the 15th of July 1958 and changes its name to International Traders (ME) Ltd.
ITL Group opens its first Departmental Store in Dubai under the name of Cosmos.
Cosmos showroom opens in Deira.
Universal Corporation started to handle indenting and wholesaling of Textiles
Acquire majority shareholding of Ambassador Hotel, Dubai.
Cosmos Branch opens in Abu Dhabi.
ITL Corporate Head Quarters and Cosmos Showroom move to multi storeyed ITL House in Cosmos Lane, Bur Dubai.
Branch opens in Muscat under the name of International Traders (Oman) LLC.
Kwality Ice Cream Sharjah- a Joint venture with Pure Ice Cream Co Ltd, India, Regal Traders and K.M.Bros to manufacture Ice Cream.
Acquire majority shareholding of the Astoria Hotel, Dubai.
Ruler of Dubai congratulates ITL Cosmos Group on achieving 25 years of uninterrupted success.
Cosmos sets up showroom in Sharjah.
Al Razouki International Exchange Co’s 1st branch (Managed by Canara Bank, India) opens in Deira.
Pan Arab Agency established.
Branch of Al Razouki Exchange Co. opens in Bur Dubai.
Cosmos Showroom opens in Fujairah.
Cosmos Showroom opens in Ras Al Khaimah.
Cosmos Galleria Showroom opens.
New Cosmos Showroom opens in Deira.
Kings Fortune General Trading LLC. established.
ITL’s new textile wholesale division Intra’s opens.
Al Razouki International Exhange Co., Karama Branch opens.
ITL Cosmos Group celebrates 40 years of achievements in the UAE.
New Cosmos Warehouse opens in Al Quoz Cosmos News – ITL Cosmos Group’s newsletter is launched.
Cosmos celebrates 45th anniversary.
ITL Cosmos Group website is launched.
Cosmos enters IT sector through establishment of Micro Computer Centre in Dubai.
ITL Cosmos Group’s new logo is unveiled.
Cosmos JAFZ branch inaugurated.
ITL Cosmos Group celebrates 50 glorious years.
Cosmos new Office in Abu Dhabi opens
‘On The Dot’-a new clock showroom in Sharjah set up.
Al Razouki International Exchange Co. celebrates Silver Jubilee.
50 Years of ITL Cosmos Group and Sharp collaboration celebrated.
Cosmos Group and Rhythm celebrate 50 golden years of partnership.
Al Razouki International Exchange Co. inaugurates its new Head Office in Dubai.
Al Razouki opens branch in Sonapur, Dubai.
ITL Cosmos Group celebrates 60th anniversary of establishment in Dubai.