Introduction

Dubai Trading Agency Group ("DTA Group") has its origins in Dubai Trading Agency LLC, established in 1973. Over the years, the business of Dubai Trading Agency LLC has expanded significantly, and DTA Group now operates through a network of subsidiaries and associates registered in the U.A.E, the U.K., Singapore, Monaco, China, India, Pakistan, Bangladesh and other offshore locations.

The focus of the Group is primarily on the ship recycling market: buying ships targeted for recycling from ship owners and selling them to the ship breakers in India, Pakistan, Bangladesh and China; in recent years, the Group has been one of the largest cash buyers in the global market.

The Group Senior Management has made a strategic decision to diversify the business by adding shipping management-related lines of operations, thereby strengthening recurring cash flow and smoothing the Group's earnings through the various stages of the shipping cycle.

Mohammad Tahir Lakhani

Tahir Lakhani, Chairman and Managing Director, has been a major player in the ship recycling business for nearly 25 years and has established himself as one of the leading cash buyers in the world.