Founded in January 1, 1966 by the Late Nasser Rashid Lootah, NASSER RASHID LOOTAH SONS & ASSOCIATES GROUP is a close conservative family owned business which stated as Trading Enterprise. Nasser Rashid Lootah, a hardworking capitalist, a trader and a proprietor, came from a prominent well-known trading family in Dubai with remarkable records both in private and civic organization being a former member of the following:

- Federal National Council of UAE
- UAE and Dubai Chamber of Commerce
- Dubai Municipality Council
- Founder of Rend Committee of Dubai Municipality
- Founding member of the Dubai Islamic Bank, and
- Honorary Consul General of Taiwan