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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.
Majid Al Futtaim was the cousin of fellow billionaire Abdulla Al Futtaim, the head of the Al-Futtaim Group, from whom he later became estranged. [1] Majid Al Futtaim with Sheikh Rashid bin Saeed. The Majid Al-Futtaim Group currently spans 20 international markets and employs over 45,000 people. [2]
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 ...
Majid al Futtaim opened the first Carrefour in Erbil in 2011. There is also a Family Mall Carrefour Department store in Sulaymaniyah. Along with several other international brands, as of June 2023, [50] [dead link] Carrefour has planned to opened another branch in the capital Baghdad. Also on October 3rd 2024, Carrefour has opened its h biggest ...
EXCLUSIVE: Universal Pictures International is forming a new partnership with Emirates-based Majid Al Futtaim Distribution which will see the latter release Universal movies in Saudi Arabia and ...
Career. Bejjani was a founding partner of the law firm Melkane, Rached, Bejjani & Associates in Lebanon from 1999 to 2006. [3] He was also Executive Vice Chairman of the Investment Development Authority of Lebanon from 2001 to 2005. [3][4] In 2006 he joined the Majid Al Futtaim Group, initially as Vice President Legal at Majid Al Futtaim ...
Career. Al Futtaim was appointed as Vice Chairman of Orient Insurance in 2001. [4] Since 2010 he has served as chairman of Emirates Islamic [5] and Al Futtaim HC Securities, vice chairman of Orient Insurance, which is part of Al-Futtaim Group, and a director of the Commercial Bank of Dubai. [1][3] He is also a Board Member of the Dubai Chamber ...
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]