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February 08, 2016 4:36 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 Announces Unaudited Preliminary Group Financial Results for the Full Year December 31, 2015

Majid Al Futtaim announced unaudited preliminary group financial results for the full year December 31, 2015. For the year, the company's revenue grow by 8% to AED 27.3 billion compared with AED 25 billion for the fiscal year 2014, while group EBITDA increased by 6%, reaching AED 3.8 billion compared with AED 3.6 billion for the fiscal year 2014. Performance was largely driven by continued investment in core businesses across Dubai and increased development activity in Egypt and Oman. The company continues to maintain a net debt of around AED 9 billion.

Majid Al Futtaim Opens USD 272.2 Million Mall of Emirates Expansion

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

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.

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