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September 03, 2015 4:46 PM ET

Real Estate Management and Development

Company Overview of Majid Al Futtaim Holding LLC

Company Overview

Majid Al Futtaim Holding LLC is engaged in establishing, investing in, and managing various commercial projects. It operates through Properties, Retail, and Ventures segments. The Properties segment is involved in investing in, operating, and managing commercial projects, such as shopping malls, hotels, residential projects, leisure, and entertainment facilities. The Retail segment is engaged in the establishment and management of hypermarkets and supermarkets with the franchise agreement with Carrefour Partenariat International. The Ventures segment is involved in establishing, investing in, and managing commercial projects; and establishing and managing retail stores, as well as providing ...

PO Box 91100

Dubai,  

United Arab Emirates

Founded in 1992

26,663 Employees

Key Executives for Majid Al Futtaim Holding LLC

Chief Executive Officer and Director
Founder and President
Chief Financial Officer
Chief Executive Officer at Majid Al Futtaim Retail LLC
Senior Vice President of Business Development and Government Affairs at Majid Al Futtaim Retail
Compensation as of Fiscal Year 2015.

Majid Al Futtaim Holding LLC Key Developments

Majid Al Futtaim Holding Reports Preliminary Unaudited Earnings Results for the First Half of 2015

Majid Al Futtaim Holding reported preliminary unaudited earnings results for the first half of 2015. The company reported revenue showing sustainable growth, up 7% compared to the first half of 2014. EBITDA remains stable at AED 1.8 billion, reflecting higher promotional activities, costs associated with new market entries, product mix impact and a softer market in the hospitality industry.

KKR And Majid Al Futtaim Weigh Bids For Dunia

KKR & Co. L.P. (NYSE:KKR) and Majid Al Futtaim Holding LLC are weighing a bid for Dunia Finance LLC, according to three people with knowledge of the matter. Dunia’s shareholders including Mubadala Development Company PJSC and Fullerton Financial Holdings Pte. Ltd., are seeking about four to five times book value for Dunia, two of the people said, asking not to be identified as the information is private. Majid Al Futtaim, is working with Citigroup Inc. on its planned bid, two of the people said. Dunia shareholders hired Morgan Stanley to explore a sale of the company, people with knowledge of the matter said July 1, 2015. Representatives for Mubadala, Majid Al Futtaim, Citigroup and KKR declined to comment. A representative for Fullerton didn’t respond to requests for comment.

Majid Al Futtaim Opens New Carrefour Market Outlet in Arabian Ranches II Community Mall

Majid Al Futtaim has opened a new Carrefour Market outlet in Arabian Ranches II Community Mall, The Ranches Souk. The new 1,140 square metre store is the 31st Carrefour Market in the UAE in the last six years. Majid Al Futtaim owns and operates 17 shopping malls, 11 hotels and three mixed-use communities in the Middle East and North Africa.

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