Majid Al Futtaim

Majid Al Futtaim is a company that was founded in 1992 and is based in Dubai, United Arab Emirates. The business is involved in various sectors including food & beverages, retail, hospitality, leisure & entertainment, services and mixed-use communities. 

In the financial year 2022, Majid Al Futtaim generated a turnover of €9 billion and employed 46,000 people. The company witnessed a 12% growth in its revenue in 2022. 

In the grocery retail sector, the company partnered with Carrefour and developed the franchise in the Middle East, Africa and Asia in 1995. The company is planning to develop more stores in Russia, Africa and central Asia. Moreover, Majid Al Futtaim operates over 450 Carrefour outlets across 30 countries with exclusive franchise rights. It serves more than 750,000 customers daily and employs more than 37,000 people. Majid Al Futtaim’s retail sector has the highest turnover rate as it made €7 billion in 2022. 

In the Food & Beverage sector, the business partnered with Gulf Gourmet. Together, they have exclusive franchise rights over various major food service brands such as California Pizza Kitchen, Hummingbird Bakery, Panda Express, Yo! Sushi, Azkadenya, Yo! Sushi and Texas de Brazil. 

In the fashion industry, the group holds exclusive franchise rights over brands such as All Saints, Accessorize, Hollister, Monsoon, etc. 

Since 2017, the company entered the Home Furnishing sector by partnering with brands such as Crate, Barrel and Maisons Du Monde, etc. 

Majid Al Futtaim is also involved in the online shopping sector since it entered a partnership agreement with Jumia, an online retailer in 2018.

In the finance sector, Majid Al Futtaim distributes credit cards, prepaid cards and corporate cards under the brand Najm.

In the entertainment industry, the business manages VOX Cinemas, several leisure attraction parks as well as franchise rights over brands such as LEGO and American Girl.

Majid Al Futtaim has also been developing malls, hotels and residential communities as well. The hotels are managed by major hoteliers like Sheraton and Aloft. The company has 29 shopping malls in 5 countries across the Middle East and more than 18 hotels.