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Majid Al Futtaim Holding
Founded in 1992, Majid Al Futtaim Holding is the leading shopping mall, retail and leisure pioneer across the Middle East and North Africa, with operations in 13 countries and over 24,000 employees. Majid Al Futtaim Holding has been assigned the highest credit rating (BBB) among privately-held corporates in the Middle East. Its operations are carried out by three complementary, wholly-owned subsidiaries: Majid Al Futtaim Properties, which owns and operates 11 shopping malls and 10 operational hotels in MENA, with developments underway in Lebanon and Egypt. Majid Al Futtaim Retail, which holds exclusive rights to Carrefour franchise in 19 markets across MENA and central Asia. It owns 75% interest in a Joint Venture with Carrefour S.A, and operates a portfolio of 50 hypermarkets and 44 supermarkets in 12 countries. Majid Al Futtaim Ventures develops, owns and operates all leisure and entertainment facilities at Majid Al Futtaim malls including Ski Dubai, VOX Cinemas, Magic Planet, iFly, among others. It is also parent to a consumer finance company issuing ’Najm’ credit cards and a Fashion retail business. In addition, it also has joint venture operations with Dalkia and Orix Corporation.|
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