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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.
The Al Ain store is located near the camel souq and Bawadi Mall. The fourth store in Dubai is located in Festival Plaza shopping centre, located in Jebel Ali. Al-Futtaim is the franchise holder for IKEA in UAE, Egypt, and Qatar. 27 Slovakia: 1992 Bratislava: 1 Original store was closed upon the opening of a new store in the Avion Shopping Park.
Majid Al Futtaim has handled the Carrefour operations in the Middle East and North Africa region since 1995, as the company opened the region's first hypermarket at City Centre Deira – it initially was a Continent-branded store before it converted to Carrefour four years later. As of 2020, Majid Al Futtaim operates over 320 Carrefour stores ...
In 2019, Watsons reached 7,800 stores and expanded to Vietnam, the 13th operating market of Watsons. [15] In 2020, Al-Futtaim and AS Watson have signed a franchise agreement to open stores of healthcare and beauty chain Watsons in the Gulf. Watsons opened its first flagship store at The Dubai Mall in October 2020. [16]
Carrefour Group. Website. www.carrefour.fr. Carrefour Market is a French supermarket chain created in 2007, owned by the international retail group Carrefour, and has currently stores in France and several other countries, see below. Carrefour Market stores generally range from 1000 m 2 to 4000 m 2.
Marks and Spencer plc (commonly abbreviated to M&S and colloquially known as Marks or Marks & Sparks) is a major British multinational retailer based in London, England, that specialises in selling clothing, beauty products, home products and food products. It is listed on the London Stock Exchange (LSE) and is a constituent of the FTSE 100 Index.