April 23, 2018 7:46 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

40,923 Employees

Phone:

971 4 294 9999

Key Executives for Majid Al Futtaim Holding LLC

CEO & Director
Founder and President
Chief Executive Officer at Majid Al Futtaim Retail LLC
Deputy Chief Executive Officer
Age: 70
Head of Sustainability
Compensation as of Fiscal Year 2017.

Majid Al Futtaim Holding LLC Key Developments

Majid Al Futtaim Holding LLC Announces Consolidated Earnings Results for the Full Year Ended December 31, 2017

Majid Al Futtaim Holding LLC announced consolidated earnings results for the full year ended December 31, 2017. For the year, the company reported revenues of AED 32,274,000 against AED 29,851,000 a year ago. Profit before valuation gain on land and buildings was AED 1,751,000 against AED 2,412,000 a year ago. Profit before tax was AED 2,254,000 against AED 2,833,000 a year ago. Profit for the year attributable to owners of the Company was AED 2,160,000 against AED 2,752,000 a year ago. Net cash generated from operating activities was AED 4,541,000 against AED 3,726,000 a year ago. Acquisition of property, plant and equipment, investment property and development property was AED 4,137,000 against AED 3,644,000 a year ago. Payments against acquisition of intangible assets was AED 109,000 against AED 33,000 a year ago.

Majid Al Futtaim Announces Expansion in Egypt

Majid Al Futtaim announced that it has signed a cooperation protocol agreement to open an additional 100 Carrefour stores in industrial zones across various governorates in Egypt. The deal was signed with the Ministry of Investment and International Cooperation and the National Service Projects Organization, the company said in a statement. It added that the agreement is part of Majid Al Futtaim's aim to contribute to the Egyptian economy by creating direct and indirect job opportunities, in addition to providing retail, entertainment and leisure attractions to Egyptian citizens.

Majid Al Futtaim Holding LLC Appoints Victor Chu as A Non-Executive Director, Effective September 30, 2017

The board of Majid Al Futtaim Holding LLC is announced the appointment of Mr. Victor Chu as a non-executive director of the Board effective 30th September 2017.

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Recent Private Companies Transactions

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