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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 the assets ...
Majid Al Futtaim Ventures is a group of companies that offer amenities such as cinemas, leisure and entertainment, financial services, fashion and healthcare and JVs in facility management and food and beverages. [77] Majid Al Futtaim Ventures is a unit of Majid Al Futtaim (MAF) Group. [78]
In April 2008, the Al Futtaim Group bought 88% of the shares of Robinsons & Co. at S$7.20 per share. [1] [2]Under the new owners, the chain tried to go upmarket, opening a 20,800 square feet concept store at The Shoppes at Marina Bay Sands in September 2011.
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. [2] Majid Al Futtaim with Sheikh Rashid bin Saeed. The Majid Al-Futtaim Group currently spans 20 international markets and employs over 45,000 people. [3]
Abdulla Al Futtaim (Arabic: عبدالله الفطيم) is an Emirati businessman, billionaire, investor, philanthropist and owner of Al-Futtaim Group, [1] and cousin of fellow billionaire Majid Al Futtaim. As of October 2021, his net worth was estimated at $2.2 billion.
City Centre Ajman was the second Mall in Majid Al Futtaim Properties portfolio to be opened, following the launch of Deira City Centre (now renamed City Centre Deira) in Dubai three years previously. Initially named Ajman City Centre, its name was changed in 2014.
Al Futtaim has a bachelor's degree in Economics and Business Studies from Macalester College, Minnesota, received in 1985. [1] [3] The group was founded in the 1930s and expanded rapidly in the 1940s and 1950s becoming an integrated commercial, industrial, and services organization.[2]
City Centre Deira (Arabic: سيتي سنتر ديرة) is a mall located in Port Saeed, Dubai, United Arab Emirates, and is the original flagship mall in the Majid Al Futtaim Properties portfolio. City Centre Deira opened on 28 November 1995. It is located in the older part of the city on the crossroad between Sharjah, Bur Dubai and the Airport ...