Dubai’s $16 Billion Majid Al Futtaim Abruptly Ousts CEO Bejjani
- Alain Bejjani, a high-profile executive, led firm since 2015
- Shakeup comes just over a year after death of MAF founder
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Dubai-based property and retail conglomerate Majid Al Futtaim Holding LLC abruptly ousted Alain Bejjani, a high-profile executive who’s led the firm since 2015, in a shakeup just over a year after the death of its eponymous founder.
Ahmed Galal Ismail is now the chief executive officer, the company said in a statement, without elaborating on the reasons behind the move. Ismail has been head of the group’s property unit since 2018 and was responsible for its shopping malls, hotels, communities and project management operations. He also previously led the firm’s ventures business.