Majid Al Futtaim Group
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|Founded||May 11, 1992|
|Founder||Majid Al Futtaim Owner |
|Headquarters||Dubai, United Arab Emirates|
Number of locations
|13 countries (2015)|
|Middle East, Africa and Central Asia|
|Revenue||AED 25 billion (2014) |
|AED 3.6 billion (2014)|
|Total assets||AED 45 billion (2014)|
Number of employees
|27,000 (2015) |
Majid Al Futtaim (Arabic: ماجد الفطيم) is an Emirati multinational conglomerate which owns and operates shopping malls, hotels, communities, retail, and leisure establishments across the Middle East, Africa and Asia. The group was established by Emirati billionnaire Majid Al Futtaim in 1992. Its headquarters are located in Dubai, United Arab Emirates. The conglomerate manages three major operating subsidiaries: Majid Al Futtaim Properties, Majid Al Futtaim Retail, and Majid Al Futtaim Ventures.
Majid Al Futtaim group was founded in 1992 as Majid Al Futtaim Holding, (formerly known as MAF), by Emirati billionaire Majid Al Futtaim. In 1995, the group opened City Centre Deira, their first shopping mall in the United Arab Emirates. They haves since grown into one of the world’s largest retailers spanning 15 international markets, employing more than 40,000 people.
Majid Al Futtaim Properties
Majid Al Futtaim Properties owns and operates shopping malls, hotels and mixed-use communities, with further developments underway in the region. The shopping malls’ portfolios include Mall of the Emirates, Mall of Egypt, City Centre malls, My City Centre neighborhood centers, and four community malls, one of which (Al Zahia) is a joint venture with the Government of Sharjah. In addition to 13 hotels as of 2018. 
Majid Al Futtaim Retail
Majid Al Futtaim Retail introduced Carrefour (initially called Continente) to the Middle East in 1995, opening the region's first hypermarket at City Centre Deira. The company holds exclusive rights to the Carrefour franchise in 38 markets across the Middle East, Africa and Central Asia, operating a portfolio of 65 hypermarkets and 85 supermarkets in 14 countries. In 2014, all Carrefour outlets owned and operated by Majid Al Futtaim had their logo changed from the official Carrefour logo to the MAF "M" logo based on the parent company's rebranding strategy.
Majid Al Futtaim Ventures
Majid Al Futtaim Ventures is a group of companies that offer amenities such as cinemas, leisure and entertainment, financial services, fashion and healthcare and JVs in facility management and food and beverages.
Leisure & Entertainment
Majid Al Futtaim Leisure and Entertainment operates Ski Dubai, an indoor ski resort with 22,500 square meters of indoor ski area at the Mall of the Emirates, as well as 18 Magic Planet family entertainment centres. In addition, Magic Planet operates a facility within City Centre Mirdif, a temperature controlled indoor and outdoor water park, and the first Lego store in the Middle East in Abu Dhabi.
Majid Al Futtaim has more than 129 cinema screens across the UAE, Lebanon, Qatar, Bahrain, Kuwait, Egypt, Saudi Arabia, and Oman under the VOX Cinemas brand. The VOX Cinemas in the Mall of the Emirates is considered as the flagship venture featuring 24 screens – including an IMAX with Laser, VOX 4DX auditorium, a luxury cinema experience called “THEATRE by Rhodes” and VOX Kids. The 100,000sq ft venue is considered the largest complex in the Middle East after its re-launch in September 28, 2015.
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