April 29, 2016 11:50 PM ET

Food and Staples Retailing

Company Overview of Majid Al Futtaim Holding LLC

Company Overview

Majid Al Futtaim Holding LLC establishes, invests in, and manages commercial projects. The company operates through Properties, Retail, and Ventures segments. The Properties segment is invests in, operates, and manages commercial projects, including shopping malls, hotels, residential projects, leisure, and entertainment facilities. The Retail segment establishes and manages hypermarkets and supermarket under the franchise agreement with Carrefour Partenariat International. The Ventures segment establishes, invests in, and manages commercial projects; and establishes and manages retail fashion stores. It also provides leisure, entertainment, credit cards, food and beverage, and healthcare se...

Tower 1

10th Floor

City Centre Deira Complex

Dubai,  

United Arab Emirates

Founded in 1992

30,371 Employees

Phone:

971 4 294 9999

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
Deputy Chief Executive Officer
Age: 68
Compensation as of Fiscal Year 2015.

Majid Al Futtaim Holding LLC Key Developments

Majid Al Futtaim Opens Seventh Carrefour Hypermarket, in Sultanate of Oman

Carrefour SA announced that its franchised partner, the Group Majid Al Futtaim, has opened a seventh Carrefour hypermarket, in the Sultanate of Oman. Located in the city of Nizwa, the store extends over a sales area of 5,000 sqm. It is situated in a shopping center including 80 shops, an ice rink, a tenpin bowling and a car park of 974 places. Majid Al Futtaim Group owns 165 stores, including 72 Carrefour hypermarkets, 86 Carrefour Market and Carrefour City 7 in 15 countries.

Majid Al Futtaim Holding LLC Reports Audited Consolidated Earnings Results for the Year Ended Dec. 31, 2015

Majid Al Futtaim Holding LLC reported audited consolidated earnings results for the year ended Dec. 31, 2015. For the year, the company reported revenue of AED 27,343,343,000 compared to AED 25,261,107,000 a year ago. Profit before tax was AED 3,448,650,000 compared to AED 2,668,305,000 a year ago. Profit for the year attributable to owners of the company was AED 3,279,177,000 compared to AED 2,548,754,000 a year ago. Net cash generated from operating activities was AED 3,885,404,000 compared to AED 3,761,371,000 a year ago. Acquisition of property, plant and equipment, investment property and development property was AED 4,210,468,000 compared to AED 3,819,274,000 a year ago.

Majid Al Futtaim Opens Carrefour Hypermarket in Kazakhstan

Majid Al Futtaim Group has opened a new Carrefour hypermarket in Almaty, Kazakhstan. The Grand Park Carrefour Hypermarket has a sales area of 8,000 sq.mt, located in a huge shopping mall counting 400 shops and 1,200 parking lots. The Majid Al Futtaim Group currently runs 162 stores - 71 Carrefour hypermarkets, 84 Carrefour Markets and 7 Carrefour City stores in 15 different countries.

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