Real Estate Management and Development
Company Overview of Majid Al Futtaim Holding LLC
Majid Al Futtaim Holding LLC engages in establishing, investing, and managing various commercial projects. Its commercial projects include shopping malls, hotels, mixed use projects, hypermarkets, supermarkets, fashion retailing, and leisure and entertainment facilities. The company is also involved in the provision of credit cards, and leasing and healthcare services, as well as in the management of leisure activities. It operates in the United Arab Emirates, Saudi Arabia, Egypt, Qatar, Oman, Jordan, Bahrain, Kuwait, Pakistan, Iraq, Lebanon, Georgia, and internationally. The company was formerly known as Majid Al Futtaim Group LLC and changed its name to Majid Al Futtaim Holding LLC in Janu...
PO Box 91100
United Arab Emirates
Founded in 1992
Key Executives for Majid Al Futtaim Holding LLC
Chief Executive Officer and Director
Senior Vice President of Finance
Chief Executive Officer at Majid Al Futtaim Retail LLC
Senior Vice President of Business Development and Government Affairs at Majid Al Futtaim Retail
Compensation as of Fiscal Year 2013.
Majid Al Futtaim Holding LLC Key Developments
Carrefour SA and Majid Al Futtaim Group Open Two New Carrefour Market Supermarkets in Abu Dhabi and Ryiadh
Feb 10 14
Carrefour SA and Majid Al Futtaim Group have opened two new Carrefour Market supermarkets in Abu Dhabi, United Arab Emirates and Ryiadh, Saudi Arabia. The "Al Seef" has a sales area of 1,100 sq.m. and is part of a shopping centre which has 30 stores and a car park with space for 350 cars. The "Yasmine Carrefour Market" has a sales area of 764 sq.m. The Majid Al Futtaim Group currently runs 117 stores 60 Carrefour hypermarkets, 56 Carrefour Markets and one web store, in 14 different countries.
MAF Retail Reports Earnings Results for 2013
Jan 28 14
MAF Retail reported earnings results for 2013. For the period, the company posted a 9% growth in sales last year, while revenue reached AED 18.7 billion. Its EBITDA was up 9% to AED 1 billion.
Majid Al Futtaim to Invest AED 3 Billion in Dubai over Next 5 Years
Jan 28 14
Majid Al Futtaim (MAF) announced it will invest more than AED 3 billion over the next five years to expand its business in Dubai after recording a 10% increase in revenue last year. The move is part of an initiative to support Dubai's tourism vision for 2020. MAF's plans include two new hotel developments and renovations of two existing hotels; the redevelopment of the Mall of the Emirates and Deira City Centre; the opening of four Carrefour supermarkets and two hypermarkets, as well as construction of a new 14-screen cinema complex. The company is also 'evaluating' the development of a community mall in Dubai.
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