February 27, 2015 3:22 AM ET

Food and Staples Retailing

Company Overview of Majid Al Futtaim Holding LLC

Company Overview

Majid Al Futtaim Holding LLC is engaged in establishing, investing, and managing various commercial projects. It operates through Properties, Retail, and Ventures segments. The Properties segment is involved in investing, 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 supermarket with the franchise agreement with Carrefour Partenariat International. The Ventures segment is involved in establishing, investing, and management of commercial projects; and establishing and managing retail stores, as well as a provision of ...

PO Box 91100

Dubai,  

United Arab Emirates

Founded in 1992

26,903 Employees

Key Executives for Majid Al Futtaim Holding LLC

Chief Executive Officer
Founder and President
Senior Vice President of Finance
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 2014.

Majid Al Futtaim Holding LLC Key Developments

Carrefour SA and Majid Al Futtaim Group Opens New Store in Dubai

Carrefour SA and Majid Al Futtaim Group have opened a new store in Dubai, United Arab Emirates.

Majid Al Futtaim Holding Announces Executive Changes

After eight years with the business, six years as Chief Executive Officer of Majid Al Futtaim Holding LLC, Iyad Malas has stepped down as the Chief Executive Officer and Director to pursue other interests outside the group, with immediate effect. Alain Bejjani, currently Chief Corporate Development and Brand Officer is appointed the new Chief Executive Officer of Majid Al Futtaim Holding LLC, with immediate effect. Alain has been with the business since 2006 and has a deep knowledge of the organisation. He has held several senior positions and was a member of the Majid Al Futtaim Properties Executive Committee and a current member of the Holding Executive Committee.

Majid Al Futtaim Reports Earnings Results for the Full Year of 2014

Majid Al Futtaim reported earnings results for the full year of 2014. For the period, the company’s revenue reached AED 25 billion, earnings before interest, taxes, depreciation and amortization (EBITDA) for recurring operations rose 10% to AED 3.6 billion compared with 2013.

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