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
United Arab Emirates
Founded in 1992
Majid Al Futtaim Opens USD 272.2 Million Mall of Emirates Expansion
Sep 29 15
Majid Al Futtaim has opened the USD 272.2 million expansion at its location Mall of the Emirates. The company added 36,000 square meters of retail, dining and entertainment space to the Dubai-based mall on a new floor, on tops of the existing structure. It includes two new domes, three glass barrel roof lights, nine new bridges and three escalators as well as space for 40 retail outlets, including 20 fashion retailers, and 12 dining outlets.
Majid Al Futtaim Mulls Acquisitions
Sep 28 15
Majid Al Futtaim Holding LLC is in talks to acquire malls in Dubai and Abu Dhabi, Michael Cesarz, Chief Executive of the shopping malls' business unit at Majid Al Futtaim Holding LLC said, but declined to give more details.
Majid Al Futtaim Holding LLC Announces Unaudited Consolidated Earnings Results for the Six Months Ended Jne 30, 2015
Sep 14 15
Majid Al Futtaim Holding LLC announced unaudited consolidated earnings results for the six months ended Jne 30, 2015. For the period, the company reported revenue of AED 13,691,393,000 against AED 12,751,131,000 a year ago. Profit before tax was AED 1,187,014,000 against AED 1,394,538,000 a year ago. Profit for the year attributable to owners of the company was AED 1,126,909,000 against AED 1,342,801,000 a year ago. Net cash generated from operating activities was AED 2,160,813,000 against AED 1,729,275,000 a year ago. Acquisition of property, plant and equipment, investment property and development property was AED 1,657,955,000 against AED 2,064,231,000 a year ago. Payments against intangible assets were AED 18,099,000 against AED 6,604,000 a year ago. EBITDA was AED 2,453,728,000 against AED 2,341,574,000 for the same period a year ago. Capital expenditure was AED 1,718,874,000 against AED 2,280,054,000 for the same period a year ago.