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Majid al Futtaim currently operates 90 hypermarkets and 120 supermarkets in 15 countries. [52] In the first half of 2018, Majid Al Futtaim Retail launched its largest regional distribution center in Dubai's National Industries Park. [53] At an investment of over $80 million, the facility can handle up to 100,000 orders per day.
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]
Al Futtaim Motors: Established by the group in 1955, it is the exclusive distributor of Toyota, Lexus, Hino trucks and Toyota Material Handling equipment in the UAE. [12] Robinsons & Co.: In April 2008, the Al-Futtaim Group bought 88% of the shares of Robinsons & Co. at S$7.20 per share. [13] [14]
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 ...
Majid Al Futtaim (Arabic: ماجد الفطيم) is a holding company that owns and manages shopping mall, retail, and leisure establishments in the Middle East and North Africa, with operations in 12 countries and over 24,500 employees made up of over 70 nationalities.
In 2014 he was made Chief Corporate Development Officer and Brand Officer of Majid Al Futtaim. He was responsible for driving the company's brand and business vision, strategy, innovation, and intellectual property. [8] [9] [3] In February 2015 Bejjani was appointed CEO of Majid Al Futtaim Group, replacing the departing Iyad Malas. [9] [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.
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]