Majid Al Futtaim Group

Majid Al Futtaim (Arabic: ماجد الفطيم‎) is an Emirati holding company based in Dubai, that as of 2015 owned and operated shopping malls, retail, and leisure establishments in the Middle East and North Africa, with operations in 13 countries . The group was established by Majid Al Futtaim in 1992. Majid Al Futtaim manages three major operating subsidiaries: Majid Al Futtaim Properties, Majid Al Futtaim Retail, and Majid Al Futtaim Ventures. As of 2015 the holding company worked in 13 countries: UAE, Lebanon, Egypt, Saudi Arabia, Oman, Bahrain, Kuwait, Qatar, Jordan, Pakistan, Iraq Armenia, and Georgia.

Native name
ماجد الفطيم
Type
Private
Industry
  • Property
  • Retail
  • Leisure/Entertainment
Founded May 11, 1992; 26 years ago
Founder Majid Al Futtaim Owner
Headquarters Dubai, United Arab Emirates
Number of locations
13 countries (2015)
Area served
Middle East, Africa and Central Asia
Key people
  • Sir Michael Rake (Chairman)
  • Alain Bejjani (CEO, Holding)
  • Hani Weiss (CEO, Retail)
  • Ahmed Galal Ismail (CEO, Ventures)
Revenue Increase AED 25 billion (2014)
Operating income
Increase AED 3.6 billion (2014)
Total assets Increase AED 45 billion (2014)
Number of employees
27,000 (2015)
Subsidiaries
  • Majid Al Futtaim Properties

    Majid Al Futtaim Retail

    Majid Al Futtaim Ventures
Website www.majidalfuttaim.com

 Majid Al Futtaim Properties

Majid Al Futtaim Properties develops, owns and manages shopping malls and hotels throughout the MENA region. The hotels business unit focuses on the development and asset management of hotels connected to or close to the company's shopping malls and within its master-planned communities. It owned and operated twelve hotels as of 2015. In 2017, Majid Al Futtaim Properties reported a profit of 2.19 billion dirhams ($596.25 million), down 7% on 2016.

Majid Al Futtaim Retail

Majid Al Futtaim Retail introduced the Carrefour brand (initially called Continente) to the Middle East in 1995, opening the region's first hypermarket at City Centre Deira. The company holds exclusive rights to the Carrefour franchise in 38 markets across the Middle East, Africa and Central Asia, operating a portfolio of 65 hypermarkets and 85 supermarkets in 14 countries. In 2014, all Carrefour outlets owned or operated by Majid Al Futtaim had their logo changed from the official Carrefour logo to the MAF "M" logo based on the parent company's rebrand strategy.

Majid Al Futtaim Ventures

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.

Leisure & Entertainment

Majid Al Futtaim Leisure and Entertainment operates Ski Dubai, an indoor ski resort with 22,500 square meters of indoor ski area at the Mall of the Emirates, as well as 18 Magic Planet family entertainment centres. In addition, Magic Planet operates a facility within City Centre Mirdif, a temperature controlled indoor and outdoor water park, and the first Lego store in the Middle East in Abu Dhabi.

Cinemas

Majid Al Futtaim has 129+ cinema screens across the UAE, Lebanon, Qatar, Bahrain, Kuwait, Egypt, Saudi Arabia, and Oman under the VOX Cinemas brand. The VOX Cinemas in the Mall of the Emirates is considered as the flagship venture featuring 24 screens – including an IMAX with Laser, VOX 4DX auditorium, a luxury cinema experience called “THEATRE by Rhodes” and VOX Kids. The 100,000sq ft venue is considered the largest complex in the Middle East after its re-launch in September 28, 2015.