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The firm was established by Majid Al Futtaim in 1992 [1] and is best known as the owner of the Mall of the Emirates in Dubai and being the franchisee of French hypermarket chain Carrefour in the Middle East, North Africa and Central Asia. In 2023, MAF had AED 34.5 billion in revenues and AED 2.7 billion in net profit.
Operations. Al-Futtaim Group employs over 44,000 people [5] and operates eight divisions comprising automotive, electronics, insurance, services, real estate, retail, industries, and overseas. [6] Sheikh Mohammed bin Rashid Al Maktoum mediated a settlement between Abdulla Al Futtaim and his rival, cousin Majid Al Futtaim, in 2000 which split ...
Founder and owner, Majid Al Futtaim Group. Relatives. Abdulla Al Futtaim (cousin) Website. www.majidalfuttaim.com /en. Majid Al Futtaim (1934 – 17 December 2021) was an Emirati billionaire businessman, and the founder and owner of the Majid Al Futtaim Group, an Emirati real estate and retail conglomerate, with projects in Asia and Africa.
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Carrefour Group, S.A. (French: Groupe Carrefour, ⓘ), is a French multinational retail and wholesaling corporation headquartered in Massy, France.It operates a chain of hypermarkets, grocery stores and convenience stores, which, as of December 2021, comprised 13,894 stores in over 30 countries, making it the seventh-largest retailer in the world by revenue.
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Abdulla Al Futtaim (Arabic: عبدالله الفطيم) is an Emirati billionaire businessman, owner of Al-Futtaim Group, [1] and cousin of fellow billionaire Majid Al Futtaim. He earned his wealth through operations in the automotive field, as well as retail and real estate. [2] As of October 2021, his net worth was estimated at $2.2 billion. [1]
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