July 28, 2016 4:21 AM ET

Real Estate Management and Development

Company Overview of Majid Al Futtaim Properties LLC

Company Overview

Majid Al Futtaim Properties LLC develops, owns, and manages shopping malls, hotels, and mixed-use living communities (residential and commercial properties) in the Middle East and North Africa region. The company was founded in 1992 and is based in Dubai, United Arab Emirates. Majid Al Futtaim Properties LLC operates as a subsidiary of Majid Al Futtaim Holding LLC.

Majid Al Futtaim Tower 2

P.O. Box 60811


United Arab Emirates

Founded in 1992

Key Executives for Majid Al Futtaim Properties LLC

Chief Executive Officer and Executive Director
Chief Financial Officer
Age: 52
Chief Executive Officer of Shopping Malls Business Unit
Chief Executive Officer of Majid Al Futtaim Fashion LLC
Chief Executive Officer of Hotels Business Unit
Compensation as of Fiscal Year 2016.

Majid Al Futtaim Properties LLC Key Developments

Majid Al Futtaim to Invest USD 1.33 Billion in Oman

Majid Al Futtaim proclaimed that it would make 42,000 new job chances in Oman as part of an investment of USD 1.3 billion. Additionally, the company will invest USD 712.19 million in the Mall of Oman project, USD 116.54 million in City Center Sohar and USD 38.84 million in My City Center Sur.

Majid Al Futtaim Properties LLC Appoints Richard North as Chairman

Majid Al Futtaim Properties LLC announced that Mr. Richard North has been appointed as chairman of the company  effective 15 February  2016. Richard is currently deputy board chairman and chairman of the audit & risk committee of the company.

Majid Al Futtaim Properties LLC Announces Appointment of Robert Welanetz as CEO and Executive Director, Effective February 16, 2016

Majid Al Futtaim Properties LLC announced that Mr. Robert Welanetz has been appointed as Chief Executive Officer and Executive Director, effective February 16, 2016.

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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