Majid Al Futtaim

Majid Al Futtaim

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majid al futtaim

Majid Al Futtaim  (ماجد الفطيم‎) is an Emirati businessman, the founder, owner and president of the Majid Al Futtaim Group, an Emirati real estate and retail company.

Majid Al Futtaim is the brother of fellow billionaire Abdulla Al Futtaim, the head of the Al-Futtaim Group, from whom he is estranged.

He is the owner and president of Majid Al Futtaim Group, which he founded in 1992.

According to Forbes, Al Futtaim has a net worth of $6.1 billion, as of February 2015.

Al Futtaim is married and lives in Dubai. His son Tariq Al Futtaim also works for the Majid Al Futtaim Group.

Al Futtaim owns the yacht Quattroelle, built by Lurssen in 2013 for Michael Lee-Chin, who sold it in 2014. It has a crew of 29.

Majid Al Futtaim Group is a holding company based in Dubai, that owns and operates shopping malls, retail, and leisure establishments in the Middle East and North Africa, with operations in 12 countries and over 24,000 employees. The group was established by businessman Majid Al Futtaim in 1992. Majid Al Futtaim manages three major operating subsidiaries: Majid Al Futtaim Properties, Majid Al Futtaim Retail, and Majid Al Futtaim Ventures.

Majid Al Futtaim Group is one of the MENA region’s developers of large commercial retail properties. The group owns and operates 18 shopping malls with over one million square meters of GLA (Gross Leasable Area), 56 hypermarkets and 53 supermarkets, 11 hotels, 9 movie theater locations with 92 screens, 16 Magic Planet sites and 45 fashion stores.

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