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Majid Al Futtaim Group
Who is the owner of Majid Al Futtaim Group?
• The company was founded by the well-known Emirati business man Majid Al Futtaim.
• Majid Al Futtaim is the owner of many Establishments such as Al-Futtaim Retails, Al-Futtaim for Asset Management, in addition to Al-Futtaim Oryx.
• At first Majid Al Futtaim started his working life as a worker at a bank in Amman, leaving behind his family business in woods, fabrics and pearls.
• He started his own career in business with the idea of buying 5 imported cars and selling them for a higher price, he made an astonishing profit.
• In 2017, Majid’s Net worth size was released to the public, it reached 11 billion dollars.
• He collaborated with his brother Abdullah Al Futtaim in many project.
• He opened the first of a kind shopping mall in 1995.
• He opened 170 stores all over the world in 15 different countries.
The story of Al Futtaim Group
• At first, a mall was established in 1992 by Majid Al Futtaim.
• The mall was a huge success that was followed by establishing Majid Al Futtaim real-estate.
• Al Futtaim Group’s business bloomed, that led to the making of like Al-Futtaim Retails, Al-Futtaim for Asset Management.
• Their projects got an amazing reaction from customers all over the world.
• Majid Al Futtaim Group achieved large returns in 2018, up to 8 billion dollars, and profits reaching 760 million dollars.
Majid Al Futtaim projects
• Majid Al Futtaim entered the real-estate arena and was admirably successful in establishing cinemas and entertainment projects inside U.A.E and all over the world.
• Majid Al Futtaim Also established many retail centers, financial services and energy facilities.
• Majid Al Futtaim designed many malls and shopping centers.
• Majid Al Futtaim Also established many five and seven stars hotels all over the world.
• Majid Al Futtaim built many major cities like Tilal Al Ghaf in Dubai, Al Zahia in Sharjah, in addition to Al Mouj Muscat in Oman, Waterfront City in Beirut, and Madinat Al Irfan in Muscat.
