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May 06, 2015 1:52 PM ET

Food and Staples Retailing

Company Overview of Majid Al Futtaim Holding LLC

Company Overview

Majid Al Futtaim Holding LLC engages in establishing, investing in, and managing various commercial projects. It operates in 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 establishes and manages hypermarkets and supermarket 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 leisure, entertainment, credit card...

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
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

Majid Al Futtaim Opens Carrefour Hypermarket in Dubai

Majid Al Futtaim Group, has opened a Carrefour hypermarket in Dubai in the United Arab Emirates. The 'Al Ghurair' Carrefour has a sales area of 4,500 sqm and is located in a shopping centre with 250 stores.

Majid Al Futtaim Holding LLC Announces Consolidated Earnings Results for the Year Ended December 31, 2014

Majid Al Futtaim Holding LLC announced consolidated earnings results for the year ended December 31, 2014. For the period, the company reported revenue from continuing operations of AED 25,223,601,000 against AED 22,696,460,000 a year ago. Profit before tax was AED 2,668,305,000 against AED 2,008,370,000 a year ago. Profit after tax for the year from continuing operations was AED 2,567,424,000 against AED 1,937,322,000 a year ago. Profit for the year attributable to owners of the company was AED 2,548,754,000 against AED 1,899,169,000 a year ago. Net cash generated from operating activities was AED 3,817,759,000 against AED 3,164,094,000 a year ago. Acquisition of property, plant and equipment, investment property and development property was AED 3,874,647,000 against AED 2,191,283,000 a year ago. Payments against intangible assets were AED 2,016,000 against AED 5,398,000 a year ago. EBITDA was AED 4,145,446,000 against AED 3,660,187,000 for the same period a year ago.

Majid Al Futtaim to Expand $680 Million Carrefour in Africa and Asia

Majid Al Futtaim is set to expand its USD 680 million Carrefour in Africa and Asia to help yield more growth. The company wants to expand Carrefour into Kazakhstan, Azerbaijan, Georgia and Armenia.

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