September 28, 2016 9:23 PM ET

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Company Overview of Majid Al Futtaim Ventures LLC

Company Overview

Majid Al Futtaim Ventures LLC, through its subsidiaries, develops and manages leisure, entertainment, and cinema facilities at Majid Al Futtaim and third-party malls. The company provides indoor family entertainment and leisure offerings in the Middle East and North Africa region; operates digital projection systems, digital 3D content, digital cinema, and VOX MAX screens in the United Arab Emirates and Lebanon; and retails fashion and casual luxury brands in the Middle East. It also provides a platform for the introduction of fashion and retail brands in the region for developing their presence across the Middle East; offers credit card and prepaid card services for consumers and businesses...

Majid Al Futtaim Tower 1

9th Floor

P.O. Box 112222

Dubai,  

United Arab Emirates

Founded in 2006

Phone:

971 4 2940999

Fax:

971 4 2940999

Key Executives for Majid Al Futtaim Ventures LLC

Chief Executive Officer and Director
Chief Financial Officer
Chief Executive Officer of Majid Al Futtaim Finance
Chief Executive Officer of Majid Al Futtaim Cinemas
Chief Executive Officer of Majid Al Futtaim Healthcare
Compensation as of Fiscal Year 2016.

Majid Al Futtaim Ventures LLC Key Developments

Majid Al Futtaim Ventures LLC Reports Unaudited Earnings Results for the Six Months Ended June 30, 2016

Majid Al Futtaim Ventures LLC reported unaudited earnings results for the six months ended June 30, 2016. For the period, the company reported overall revenues increased by 43% to AED 870 million. EBITDA was AED 56 million.

Majid Al Futtaim Eyes Acquisitions

Majid Al Futtaim Ventures LLC is planning to seek acquisitions and boost its investments over the next five years as it considers entry into East Africa, Pakistan and possibly Iran, Ahmed Ismail, Chief Executive Officer of Majid Al Futtaim, said. We are accelerating our capital investment programme, but we always leave spare capacity within our funding to look at acquisition opportunities, Ahmed Ismail, said.

Du Forms a Partnership with Beam Wallet and Majid Alfuttaim Ventures to Take Smart Retailing to the Next Level

Du has formed a partnership with mobile payment solution Beam Wallet and Majid Al Futtaim Ventures to take smart retailing to the next level.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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