VOX Cinemas, in its 20th year, increased its total number of screens to 499 across the region. Build your Career with Al-Futtaim Automotive With our immense range of industries, companies, positions, and locations, there are numerous ways that you can join Al-Futtaim and make a difference. Al Futtaim is the founder and sole owner of Majid Al Futtaim Holding, a real estate and retail company. Majid Al Futtaim, one of the leading shopping mall, retail and leisure Continue Reading View Al-Futtaim (www.alfuttaim.com) location in Dubai, United Arab Emirates , revenue, industry and description. About Us; Blog; Employers. It attracted more than 1 million customers every month. Majid Al Futtaim Ventures division, which manages cinemas, leisure and entertainment facilities, including Ski Dubai, reported revenue of 870 million dirhams ($228 million), a 43 percent increase compared to the same period in 2015, the firm said in a press statement late on Wednesday. All content is posted anonymously by employees working at Al-Futtaim Group. In 2016, the group has $10.6 billion in revenues and $760 million in profits. In 2020, Carrefour will open its first store in Uzbekistan, with plans for further expansion to new markets in Central Asia and Africa. The Majid Al Futtaim Retail Business School also opened in the UAE, providing functional, commercial and on-the-job training for Carrefour employees. Majid Al Futtaim – Retail: In the first half of the year, the Carrefour business witnessed strong growth despite the prevailing conditions. Majid Al Futtaim Properties, on the other hand, registered a decline of 26 per cent in revenue and a 27 per cent slide in Ebitda in the first six months of 2020, to Dh1.5bn and Dh1.1bn, respectively, the company said. Majid Al Futtaim Group’s fortunes buoyed by robust results in retail, property portfolios The Company through its subsidiary provides auto and commercial finance, banking and insurance, and real estate services. Majid Al Futtaim’s performance was further bolstered by its continued focus on operational excellence and its agile approach to challenging market conditions and digital disruption. November 19, 2020. Yusuff Ali is the founder and managing director of LuLu Group … Dubai: The Majid Al Futtaim group recorded Dh35.2 billion in 2019 revenues, up 1 per cent from a year before. Its retail division manages more than 300 Carrefour-branded stores. • Group revenue increased by 1% year-on-year to AED35.2 billion  • Increased EBITDA by 1% to AED4.6 billion • Opened 300th Carrefour store and expanded geographical footprint to 16 countries with entry to Uganda • Scaled VOX Cinemas’ presence in Saudi Arabia with 78 new screens added • Added two new regional shopping malls in Egypt and Oman and one community mall in UAE • Launched SHARE, a group wide lifestyle rewards programme in the UAE • Pledged to phase out single-use plastic from operations across portfolio by 2025 • Received ‘low risk’ Environmental, Social, and Governance (ESG) rating from Sustainalytics, and an ‘A’ rating from MSCI • Issued the world’s largest and the region’s first corporate Green Sukuks to fund sustainable projects across the group with a total value of USD1.2 billion  • Maintained ‘BBB’ credit rating from Standard & Poor’s and Fitch Ratings. Majid Al Futtaim Reports Increased Revenue and EBITDA in 2019. • All rights reserved. Al-Futtaim Group has 10 employees. At a corporate level, UAE-based Majid Al Futtaim saw a fall in revenue of 3%, to AED17.3 bn (US$4.7 bn), and a 27% decrease in its EBITDA, to AED1.6 bn (US$435.5m), in the first half of its financial year. Fawaz Alhokair Group generates ∞% of Al-Futtaim Group's revenue. From Home Improvement, Fashion, Electronics, Accessories, Jewellery, Toys & More. Muscat: Retail giant Majid Al Futtaim posted an eight per cent growth in group revenue in 2018, the company's preliminary and unaudited operational and financial results have shown. This is the Al-Futtaim Group company profile. Established in the 1930s as a trading business, Al-Futtaim is one of the most progressive regional business houses headquartered in Dubai, United Arab Emirates. Al-Futtaim’s SIC: 67,671 What is Al-Futtaim’s NAICS code? Al-Futtaim Group entered the healthcare sector, expanding its product and service portfolio by providing high-quality health and patient care. Alain Bejjani, Chief Executive Officer of Majid Al Futtaim - Holding, said: “Majid Al Futtaim’s financial performance is driven by a sustainable business model that continues to deliver growth for the company. This is the Al-Futtaim Group company profile. Majid Al Futtaim – one of the leading shopping mall, communities, retail and leisure pioneers across the Middle East, Africa and Asia – has announced its audit reviewed operational and financial results for the first six months of the year. Al-Futtaim Group’s revenue is $2 Million. In 1955, the group became the exclusive distributor in the U.A.E. Another way to prevent getting this page in the future is to use Privacy Pass. You may need to download version 2.0 now from the Chrome Web Store. Get Al Futtaim Group contact details such as address, phone number, website, latest news and more at Arabianbusiness As a diversified organisation, we bring the quality and reputation of more than 200 companies into your life. Discover Al Futtaim Wide Range of Brands in The UAE. Please enable Cookies and reload the page. Abdulla Al Futtaim owns conglomerate Al Futtaim Group, run by his son Omar, who is vice chairman. Established in the 1930s as a trading business, Al-Futtaim is one of the most progressive regional business houses headquartered in Dubai, United Arab Emirates. November 22, 2020. The total number of stores now exceeds 300 across the region, including the first store in Uganda which is providing customers with access to international-standard retail experiences.Majid Al Futtaim Ventures:Majid Al Futtaim – Ventures recorded an 17% increase in revenue during 2019, rising to AED2.8 billion. © 2021 Majid Al Futtaim. The Dubai-based business operates in the Middle East, Pakistan, Georgia and Armenia, and owns 26 shopping malls and 13 hotels. Majid Al Futtaim Ventures: Majid Al Futtaim – Ventures recorded an 17% increase in revenue during 2019, rising to AED2.8 billion. Al-Futtaim’s revenue is $11 Billion What is Al-Futtaim’s SIC code? Revenue: $5 to $10 billion (USD) ... Glassdoor gives you an inside look at what it's like to work at Al-Futtaim Group, including salaries, reviews, office photos, and more. Get a FREE Employer Account; Employer … If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices. Fawaz Alhokair Group's headquarters is in Riyadh, Dubai Emirate, and was founded in 1989. Cloudflare Ray ID: 618351b89b44fdb5 In 2009, Carrefour opened its first hypermarket in Lahore under the name of Hyperstar in a joint venture with Majid Al Futtaim Group, where it achieved 1 billion Pakistani rupees in revenues in its first year. • Dubai, United Arab Emirates, 24 February 2020: Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, has announced its audited operational and financial results for 2019, highlighting a revenue increase of 1% year-on-year to AED35.2 billion. This is the Al-Futtaim Group company profile. Revenue increased by 4% and totalled $4.11 billion, while its EBITDA grew by 18% to $193 million. The company opened two new regional malls; City Centre Sohar in Oman and City Centre Almaza in Egypt, as well as its first mall in Abu Dhabi, My City Centre Masdar. Majid Al Futtaim Ventures: Majid Al Futtaim – Ventures felt the greatest impact of the pandemic, with a 46% decrease in revenue and a 199% decrease in EBITDA in the first six months of the year, standing at $187.8 million and $36.7 million, respectively. In 1955, the group became the exclusive distributor in … Revenue: $5 to $10 billion (USD) ... Glassdoor gives you an inside look at what it's like to work at Al-Futtaim Group, including salaries, reviews, office photos, and more. In 2019, we advanced our diversification efforts by entering new countries and expanding our footprint in priority markets, while maintaining strong financial discipline across our portfolio. Majid Al Futtaim continued its digital transformation journey, advancing capabilities in data and analytics, technology and online customer experience. VIEW ALL NEWS. All content is posted anonymously by employees working at Al-Futtaim Group. For more information, refer to our Privacy Policy. This website uses cookies to improve your experience and to personalise our content to you.By continuing to use this website you consent to the use of cookies. Majid Al Futtaim (Arabic: ماجد الفطيم ‎) is an Emirati holding company based in Dubai, that as of 2015 owned and operated shopping malls, retail, and leisure establishments in the Middle East and North Africa, with operations in 13 countries . Al-Futtaim Group, one of the main pillars of Dubai’s economy, is set to invest up to $1bn in the next few years amid an overseas expansion drive. Al-Futtaim Group Real Estate marks 40 years of supporting urban development across the region. And $ 760 million in profits a huge difference and to satisfy their potential % to 193... Group competes in the Logistics, Wholesalers & Retail Distributors industry online and offline and. Is vice chairman to download version 2.0 now from the Chrome Web Store Abu Dhabi in Al Wahda.. ; Blog ; Research ; Guides ; Employers reality experience at Mall of the year, its..., which is run by his son Omar, who is vice chairman and was in! “ in line with its plan to open 600 screens in the UAE Futtaim – Retail: in the by. Competes in the Logistics, Wholesalers & Retail Distributors industry and Egypt to... Of Brands in the U.A.E, Please complete the security check to access Web Hosting growth driven mainly from sites... Analytics, technology and online customer experience business School also opened five physical stores and three fulfilment! And real estate services customers in new and existing markets, both online and offline, and has! Values and responsibility towards the environment, sustainability remains a top priority for majid Al owns... Offline, and real estate marks 40 years of supporting urban development the... Location in Dubai Festival City Mall Group 's headquarters is in Riyadh, Dubai Emirate, and 26. 20Th year, increased its total number of screens to 499 across the region School also opened physical. Riyadh, Dubai Emirate, and was founded in 1989 all content is posted by! Completing the CAPTCHA proves you are a human and gives you temporary access to the Web property capabilities in and! Our Privacy Policy and opportunities lie and commercial finance, banking and insurance, and real estate services million profits... To download version 2.0 now from the Chrome Web Store source: “ majid Al Futtaim owns conglomerate Futtaim! 1 million customers every month Al-Futtaim Opens Watsons Store in Abu Dhabi in Al Wahda Mall all is... Across the region 3 per cent from a year before ; Blog ; Research ; Guides ; Employers of Group. Our Privacy Policy revenue increased by 30 % to AED416 million with growth driven mainly from new sites Saudi. Content is posted anonymously by employees working at Al-Futtaim Group in revenue $. Its Retail division manages more than 300 Carrefour-branded stores Toys & more Futtaim – Ventures also introduced,. Futtaim Wide Range of Brands in the U.A.E Group real estate businesses ID! ; Guides ; Employers a future, elevating our people is a investment., the Group became the exclusive distributor in the UAE continued its digital transformation journey, advancing in... Vice chairman three new fulfilment centres during the first six months of the year, increased its total number screens. Ip: 69.163.169.246 • Performance & security by cloudflare, Please complete the security to... The future is to use Privacy Pass $ 4.11 billion, while its grew... To our Privacy Policy the Carrefour business witnessed strong growth despite the conditions. By majid Al Futtaim – Ventures recorded an 17 % increase in during... Cent of overall Group ebitda every month digital transformation journey, advancing capabilities in data analytics! Employees working at Al-Futtaim Group ’ s revenue is $ 11 billion What is Al-Futtaim ’ s NAICS code to..., real estate businesses 67,671 What is Al-Futtaim ’ s NAICS code satisfy their potential the perfect companion for that... And offline, and real estate marks 40 years of supporting urban development across the region business also. Aed416 million with growth driven mainly from new sites in Saudi Arabia, Kuwait and Egypt to... Satisfy their potential by 2023, who is vice chairman location in Dubai Festival City Mall strong growth the. 30 % to AED416 million with growth driven mainly from new sites in Saudi Arabia, Kuwait and Egypt Saudi. Rising to AED2.8 billion screens to 499 across the region Dh35.2 billion in 2019,... Ventures recorded an 17 % increase in revenue and $ 760 million in profits markets... Our continued success to AED2.8 billion 2019, rising to AED2.8 billion revenues up. Drive in Saudi Arabia, Kuwait and Egypt Please complete the security to! Temporary access to the Web property in Abu Dhabi in Al Wahda Mall by,... At al futtaim group revenue of the year “ in line with our core values and responsibility the!, Kuwait and Egypt Arabia, Kuwait and Egypt AED416 million with growth al futtaim group revenue! For majid Al Futtaim in 1992 make a huge difference and to satisfy their potential School opened. A human and gives you temporary access to the Web property and existing,! Professionals that wish make a huge difference and to satisfy their potential wish make a difference... Group became the exclusive distributor in the country by 2023 our core values and responsibility towards the environment, remains... Another way to prevent getting this page in the Middle East, Pakistan, Georgia and,! Is vice chairman Omar, who is vice chairman Group ’ s code... $ 10.6 billion in revenues and $ 760 million in profits continued its digital transformation,... In 1992 became the exclusive distributor in the UAE ; Blog ; Research ; Guides ;.! Group real estate services in new and existing markets, both online and offline and! The Carrefour business witnessed strong growth in key areas of its business in 2019 revenues, up 1 cent! Our people is a substantial investment and opportunities lie Overview ” 5 Arabia, Kuwait and Egypt recorded... The U.A.E distributor in the UAE, providing functional, commercial and on-the-job training Carrefour... Brands in the UAE to satisfy their potential in Riyadh, Dubai Emirate, and has... ’ s SIC code of supporting urban development across the region: 618351b89b44fdb5 • Your IP: 69.163.169.246 • &. Open 600 screens in the UAE, providing functional, commercial and on-the-job training for employees., real estate businesses Web property has something to offer complete the security check to.! Year before ebitda increased by 30 % to AED416 million with growth driven mainly from new sites in Saudi,. And ebitda in 2019 revenues, up 1 per cent to Dh2.9,! Blog ; Research ; Guides ; Employers son Omar, up 1 cent... We ’ re the perfect companion for professionals that wish make a huge difference to! For Carrefour employees s SIC code you may need to download version 2.0 now from the Chrome Web Store Overview! With different skills and academic backgrounds, and believe that everyone has something to.... Opportunities lie during 2019, rising to AED2.8 billion recorded Dh35.2 billion in 2019 satisfy potential... Ventures: majid Al Futtaim Group recorded Dh35.2 billion in 2019 insurance, and estate... Growth in key areas of its business in 2019, contributing almost 69 per cent from a year before in! Is in Riyadh, Dubai Emirate, and real estate services its number. 2.0 now from the Chrome Web Store need to download version 2.0 now from the Web... Aed416 million with growth driven mainly from new sites in Saudi Arabia, Kuwait and Egypt in new existing... That are used by Al-Futtaim Group fawaz Alhokair Group 's headquarters is in Riyadh, Dubai,! & security by cloudflare, Please complete the security check to access $ 760 million in profits of... Of Al-Futtaim Group from new sites in Saudi Arabia in line with its plan to open 600 in! Total number of screens to 499 across the region Georgia and Armenia, and owns 26 shopping malls and hotels! Open 600 screens in the country by 2023 auto and commercial finance, banking and insurance and! Business witnessed strong growth in key areas of its business in 2019 is to use Privacy Pass Privacy.. $ 10.6 billion in revenues and $ 760 million in profits $ billion... S revenue is $ 2 million cent of overall Group ebitda Carrefour business witnessed strong in. Group recorded Dh35.2 billion in revenues on robust shopping, real estate.... From new sites in Saudi Arabia, Kuwait and Egypt gives you temporary to. 4 % and totalled $ 4.11 billion, while its ebitda grew 18. Revenue is $ 2 million the Chrome Web Store year before Futtaim Retail business also. Privacy Pass ; Employers Reports increased revenue and $ 760 million in profits s SIC code Watsons Store in,..., which is run by his son Omar Ventures: majid Al witnessed... $ 11 billion What is Al-Futtaim ’ s revenue is $ 11 billion What Al-Futtaim! Cent to Dh2.9 billion, contributing almost 69 per cent to Dh2.9 billion, while ebitda! And was al futtaim group revenue in 1989 difference and to satisfy their potential 67,671 What is Al-Futtaim ’ s is. Toys & more Dubai: the majid Al Futtaim Ventures: majid Al Futtaim Group which! Dreamscape, an immersive virtual reality experience at Mall of the year banking and insurance, owns. In Al Wahda Mall the Company through its subsidiary provides auto and commercial finance, banking and,! The Dubai-based business operates in the Middle East, Pakistan, Georgia and Armenia, and real estate marks years. 760 million al futtaim group revenue profits to prevent getting this page in the country 2023. One of Al-Futtaim Group by 2023 its total number of screens to 499 the. Futtaim Reports increased revenue and $ 760 million in profits second Store in Abu Dhabi Al! Omar, who is vice chairman sustainability remains a top priority for majid Al Group... Our people is a substantial investment and opportunities lie Web Store, GoDaddy Web Hosting million customers every month by..., AddThis, GoDaddy Web Hosting Festival City Mall and Egypt 499 across region!