October 18, 2017 2:15 AM ET

Industrial Conglomerates

Company Overview of Al-Futtaim Private Company LLC

Company Overview

Al-Futtaim Private Company LLC operates in automotive, financial services, real estate, and retail business sectors. The company distributes, retails, and rents new/used passenger/commercial vehicles, sports cars, motorcycles, trucks, buses, tractors, boats/yachts, construction equipment, workshop/storage equipment, materials handling equipment, power systems, telescopic handlers, spare parts, and components/accessories; provides supply chain management solutions, including freight forwarding/customs clearance, warehousing/contract logistics, goods transportation/distribution, and corporate transportation; manufactures agricultural tractors; and operates parts and body shops. It also provide...

Al Futtaim Building

Al Rigga Street

Deira

Dubai,  

United Arab Emirates

Founded in 1955

Phone:

971 4 706 2222

Fax:

971 4 706 2139

Key Executives for Al-Futtaim Private Company LLC

Vice Chairman and Chief Executive Officer
Group Director of Finance
President of Automotive
President of Retail
President of Orient
Compensation as of Fiscal Year 2017.

Al-Futtaim Private Company LLC Key Developments

Marks and Spencer In Talks To Transfer Hong Kong And Macau Stores

Marks and Spencer Group plc (LSE:MKS) is in talks to sell Hong Kong and Macau stores to Al-Futtaim Private Company LLC. Marks and Spencer said it has begun talks on the potential sale of the stores, which Al-Futtaim would continue to operate under the M&S franchise. The talks are expected to take several months to complete. The Hong Kong and Macau stores would continue to trade as normal.

Al-Futtaim to Close 10 or More Stores in Singapore

Al-Futtaim group will continue to close stores in Singapore, but expand its footprint elsewhere in promising Asian markets. The group, which owns Robinsons, will shutter at least ten stores this year as it restructures its bleeding Singapore operations. This comes after it announced a number of closures last year, including its Marks & Spencer (M&S) outlet at Centrepoint, John Little at Marina Square and Tiong Bahru Plaza, along with several other Royal Sporting House (RSH) outlets.

Al Futtaim Group to Build Logistics and Distribution Centre in Saudi Arabia's King Abdullah Economic City

Al Futtaim Group will build a logistics and distribution centre in Saudi Arabia's King Abdullah Economic City (KAEC) megaproject as part of the Dubai conglomerate's aggressive expansion in the kingdom. The company announced that it had signed an agreement to buy a 325,400 square metre plot of land in KAEC's Industrial Valley.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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