Aayal QureshiAjman, UAE – Al Haramain Group, a distinguished fragrance manufacturer and retailer in the UAE, celebrated its impressive business growth with the country’s largest Iftar dinner, attended by 5,000 people. This significant event not only honored the Holy Month of Ramadan but also highlighted the company’s expansion to over 120 stores worldwide and its strong export presence in more than 70 countries.
The Iftar gathering was a reflection of Al Haramain Group’s commitment to community values and its desire to share success with its customers and partners. Mohammed Mahtabur Rahman, Chairman of Al Haramain Group and NRB Bank, expressed profound gratitude for the support that has fueled the company’s journey and emphasized the role of the UAE’s leadership in fostering a conducive business environment.
The UAE perfume market is on an upward trajectory, with a valuation of $614.3 million in 2022 and an expected growth to $1.15 billion by 2028, at a CAGR of 11.88% from 2023-2028. The GCC fine fragrances market is also projected to grow from $12.4 billion in 2022 to $19 billion by 2032, at a CAGR of 4.5%.
Al Haramain Perfumes, the group’s flagship brand, is at the forefront of producing Oudh, Agarwood, Bakhoor, Dehnal Oudh, and oriental perfumes, commanding a significant market share. The company’s growth is evidenced by the introduction of 34 new fragrances in 2023 and a market share of 5 – 7% in the Middle East fragrance market.
This grand Iftar event underscores Al Haramain’s dedication to delivering exceptional products and experiences, reinforcing its status as a leader in the global fragrance industry.
