Majid Al Futtaim Group

Not to be confused with Al-Futtaim Group.

Majid Al Futtaim Holding LLC
Native name
شركة ماجد الفطيم القابضة ذ.م.م
Company typePrivate
Industry
FoundedMay 11, 1992; 32 years ago (1992-05-11)
FounderMajid Al Futtaim[1]
HeadquartersDubai, United Arab Emirates
Area served
Middle East, Africa and Central Asia
Key people
  • Sir Michael Rake (Chairman)
  • Ahmed Galal Ismail (CEO, Holding & CEO Properties)
  • Hani Weiss (CEO, Retail)
  • Khaled El Chidiac (CEO, Global Solutions)
  • Ignace Lahoud (CEO, Entertainment)
  • Fahed Ghanim (CEO, Lifestyle)
BrandsA&F
Carrefour
Crate & Barrel
Dalloyau
Dreamscape
lululemon
RevenueIncrease AED 34.5 billion (2023)[12]
Increase AED 4.6 billion (2023)[12]
Total assetsIncrease AED 69.7 billion (2023)[12]
Number of employees
43,000 (2023)[4]
Subsidiaries
  • Majid Al Futtaim Properties

    Majid Al Futtaim Retail

    Majid Al Futtaim Ventures
Websitewww.majidalfuttaim.com

Majid Al Futtaim Holding (Arabic: شركة ماجد الفطيم القابضة) is an Emirati holding company based in Dubai. The family-owned conglomerate owns and operates shopping malls, retail, and hotel establishments in the Middle East and North Africa.[13]

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.[14]

  1. ^ a b "Majid Al Futtaim". Forbes. 2013. Retrieved January 26, 2014.
  2. ^ "MAF plots regional expansion". Arabian Business. 2004. Retrieved May 14, 2015.
  3. ^ "UAE's Majid Al Futtaim to expand Carrefour brand". Arabian Business. 2012. Retrieved May 14, 2015.
  4. ^ a b c "Majid Al Futtaim Celebrates Two Decades of Great Moments Since Pioneering the Middle East's First Integrated Retail Experience". lianapress.ae. Liana Press. March 31, 2015. Retrieved April 15, 2015.
  5. ^ "Majid Al Futtaim, United Arab Emirates". Global Village Encyclopedia. Open Publishing. 2014. Archived from the original on February 1, 2014. Retrieved January 26, 2014.
  6. ^ "Company Overview of Majid Al Futtaim Holding LLC". Bloomberg BusinessWeek. Open Publishing. 2014. Archived from the original on January 26, 2014. Retrieved January 26, 2014.
  7. ^ "Carrefour to debut in Iraq and Lebanon". franchise.ae. Franchise.ae. 2011. Retrieved May 14, 2015.
  8. ^ "Majid Al Futtaim (MAF) Group Shopping Malls". dubaifaqs.com. Dubai FAQs. 2015. Retrieved May 14, 2015.
  9. ^ "Majid Al Futtaim Launches New Carrefour City Stores In Dubai". Gulf Business. 2014. Retrieved May 14, 2015.
  10. ^ "Dubai's Majid Al Futtaim Rules Out IPO, Plans Egypt, Saudi Expansion". gulfbusiness.com. Guld Business. 2015. Archived from the original on May 18, 2015. Retrieved May 14, 2015.
  11. ^ Press Release (May 22, 2013). "Carrefour and Majid Al Futtaim Holding Reorganize and Strengthen Their Partnership". The Wall Street Journal. Retrieved January 29, 2014.
  12. ^ a b c "MAF FY14 Results". KPMG Lower Gulf Limited. March 28, 2015.
  13. ^ "Majid Al Futtaim expanding in Kenya, Egypt, Saudi Arabia, CEO says". Bloomberg. July 31, 2018.
  14. ^ "#456 Majid Al Futtaim & family". Forbes. November 12, 2018.