Majid Al Futtaim Properties
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Native name
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ماجد الفطيم |
|---|---|
| Private | |
| Industry | |
| Founded | 1992 |
| Founder | Majid Al Futtaim |
| Headquarters | Dubai, United Arab Emirates |
|
Number of locations
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13 countries (2015) |
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Area served
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Middle East, Africa and Central Asia |
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Key people
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| Revenue |  AED 25 billion (2014) |
| AED 3.6 billion (2014) |
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| Total assets | AED 45 billion (2014) |
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Number of employees
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27,000 (2015) |
| Subsidiaries |
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| Website | www |
Majid Al Futtaim Retail
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.
Majid Al Futtaim Properties develops, owns and manages shopping malls throughout the MENA region.
Majid Al Futtaim Properties owned nineteen shopping malls in the MENA region as of January 2016.
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, and owned and operated twelve hotels as of 2015.
Majid Al Futtaim Retail introduced the Carrefour brand 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.
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