July 25, 2017 7:55 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 invests in, operates, and manages commercial projects, including shopping malls, hotels, residential projects, and leisure and entertainment facilities. The Retail segment establishes and manages hypermarkets and supermarkets 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 and entertainment, healthcare, and food and beverage services, as...

Tower 1

10th Floor

City Centre Deira Complex

Dubai,  

United Arab Emirates

Founded in 1992

34,145 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: 70
Compensation as of Fiscal Year 2017.

Majid Al Futtaim Holding LLC Key Developments

Majid Al Futtaim Holding Seeks Acquisitions

Majid Al Futtaim Holding LLC is seeking acquisitions. “We are open to further prospects, through both organic growth and opportunistic acquisitions, and will pursue these in line with our disciplined strategic and financial approach. Our ambition is to expand our physical as well as our digital presence, and reinforce our omni-channel offering.” Alain Bejjani, Chief Executive Officer at Majid Al Futtaim said.

Majid Al Futtaim Hld Announces Resignation of Neil Jones from Director

Majid Al Futtaim Hld announced that Mr. Neil Jones will step down as a director effective at close of business on 30 June 2017.

Majid Al Futtaim Reportedly The Front Runner In Bidding For Géant Hypermarket

Majid Al Futtaim Holding LLC is the lead bidder for a controlling stake in Géant Hypermarket UAE, according to three people familiar with the matter. Majid Al Futtaim was up against Bindawood Holding, the people said, asking not to be identified as the information is confidential. While Majid Al Futtaim is close to concluding a deal, talks may still fall apart, the people said. A spokesman for Majid Al Futtaim declined to comment, while officials at BMA International, which controls the Geant business in the Middle East, didn't immediately respond to requests for comment. Officials at Bindawood couldn't immediately be reached for comment.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
May 16, 2017
MENA 360 DWC LLC
 

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