Majid Al Futtaim’s cover photo
Majid Al Futtaim

Majid Al Futtaim

Retail

Creating Great Moments For Everyone, Everyday.

About us

Founded in 1992, Majid Al Futtaim is an Emirati-owned, diversified lifestyle conglomerate operating across the Middle East, Africa and Asia. The Group started from one man’s vision to transform the face of shopping, entertainment, and leisure to ‘Create Great Moments For Everyone, Everyday’. It has since grown into one of the region’s most respected businesses, employing 43,000 people, with owned assets valued at US$18 billion and has the highest credit rating (BBB) among privately held corporates in the region. Majid Al Futtaim owns and operates 29 shopping malls, 7 hotels and four mixed-use communities, welcoming more than 600 million customers through its doors every year.

Website
http://www.majidalfuttaim.com/
Industry
Retail
Company size
10,001+ employees
Headquarters
Dubai
Type
Privately Held
Founded
1992
Specialties
Retail, Leisure and Entertainment, Real Estate, and Shopping

Locations

Employees at Majid Al Futtaim

Updates

  • View organization page for Majid Al Futtaim

    2,315,773 followers

    Our 2024 financial results announced today, showcase a year of extraordinary achievement at Majid Al Futtaim. EBITDA grew by 3% to AED 4.6 billion and revenue reached AED 33.9 billion, on a constant currency basis. Net profit was up 18% before UAE corporate income tax, valuation gains and impairments, and we closed out the year with free cash flow up almost four-fold, highlighting our unwavering focus on long-term value creation. These achievements reflect more than just numbers, they reinforce our ability to adapt, the strength of our diversified business model, and the passion of our incredible people to deliver value for our customers, partners, colleagues, and the communities we proudly serve. Read the full details of our results: https://maf.am/41UhXVS

  • For 25 years, VOX Cinemas has been at the forefront of innovation in the global entertainment industry, creating magical moments for moviegoers across the region. Marking a new chapter in this journey, VOX Cinemas has partnered with the legendary Academy Award-winning composer Hans Zimmer to create a unique composition that celebrates our goal of bringing audiences together through the power of cinema. This signature brand score 'The Sound of VOX Cinemas', will define VOX Cinemas’ sonic identity, blending orchestration with regional musical influences and will be featured across multiple touchpoints, including an upcoming brand campaign, in-cinema experiences, and customer service interactions, ensuring that every visit to VOX Cinemas is nothing short of extraordinary.

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  • Yesterday, we proudly marked the start of our Ramadan partnership with the UAE Food Bank by joining His Excellency Eng. Marwan Ahmed Bin Ghalita, Vice Chairman of the Board of Trustees of the UAE Food Bank, Director General of the Dubai Land Department and Acting Director General of Dubai Municipality at the Zabeel Iftar with 3,000 of Dubai’s hard working residents. This special event supports the UAE Food Bank's ‘United in Giving’ initiative, under the Mohammed Bin Rashid Al Maktoum Global Initiatives to provide seven million meals to those in need throughout the Holy Month. To promote sustainable food management, reduce wastage, and encourage community participation in charitable efforts, over the coming weeks, we will be contributing over 3,000 meals daily to the UAE Food Bank for distribution nationwide. Additionally, our Carrefour Care Vans will be stationed in the busiest areas, offering dates and water to help individuals break their fast with ease. Ramadan is a time of unity, reflection, and compassion, and we are honoured to support the efforts of the UAE government to create memorable moments that strengthen our community.

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  • With the theme of this year's International Women’s Day being Accelerate Action, we strive to push boundaries and drive meaningful change at Majid Al Futtaim, by creating an environment where our women colleagues feel empowered and supported, while fostering a diverse and inclusive culture that values every employee. Through impactful initiatives like our Women in Leadership Programme, Aaouda Returnship Programme, and the recent launch of the Women in Leadership Listening Initiative, we’re accelerating action by fostering open dialogue and creating opportunities for women to thrive at every stage of their career journey. Our company-wide Diversity and Inclusion policy, coupled with diversity, equity, and inclusion (DEI) hiring and retention programmes, reinforces our commitment to advancing gender balance and fostering inclusion within our industry and beyond. By championing these initiatives, we proudly contribute to the socio-economic progress of our communities, empower our people, and unlock the full potential of our diverse workforce.

  • All set to make history. For the very first time, twenty athletes of determination from the UAE, Egypt, and Oman will be competing in the Special Olympics World Winter Games in Turin, Italy. This marked a significant milestone in our ongoing efforts to develop winter sports across the region in partnership with Special Olympics UAE, Oman, and Egypt, as well as the UAE Winter Sports Federation. After a year of incredible training at our Snow facilities across Ski Dubai, Snow Abu Dhabi, Snow Oman, and Ski Egypt, our amazing athletes are ready to fly their nations' flags on the world stage. All of us at Majid Al Futtaim are incredibly proud to cheer them on and wish them all the very best.

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  • As the holy month of Ramadan approaches, we look forward to creating memorable moments for our customers and the communities we proudly serve. Through seamless shopping experiences across our stores and digital platforms, we strive to make everyday moments more convenient, so that families can focus on embracing the true essence of the spirit of Ramadan with loved ones.

  • Celebrating a historic moment for UAE winter sports. We're incredibly proud to cheer on seven Ski Dubai athletes who will be competing at the Asian Winter Games 2025 in China, representing the UAE National Snow Sports Team. This remarkable milestone is part of our long-standing commitment with the UAE Winter Sports Federation to support and develop young talent in winter sports, and is a testament to the region's growing standing in global sports. We look forward to watching our national athletes shine and make their mark on the global stage.

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Funding

Majid Al Futtaim 1 total round

Last Round

Debt financing

US$ 1.3B

See more info on crunchbase