Some Lesser Known Facts About Majid Al Futtaim
- In 1992, he founded the Majid Al Futtaim Group, and later the company was split with his cousin Abdulla Al Futtaim.
- He owned the yacht Quattroelle, which the shipbuilding company Lürssen built in 2013 for Michael Lee-Chin, who sold it in 2014. It has a crew of 29.
- His group built some properties, including the Mall of the Emirates, which has an indoor ski slope, and the Mall of Egypt, which opened in 2017.
- Majid Al Futaim Group owns and manages 13 hotels and 29 malls.
- The group also has an exclusive license to manage hypermarkets for the French company Carrefour across the Middle East, North Africa and Central Asia.
- His son Tariq operates the board, while the other non-family members look after the conglomerate, which publishes its revenues and profits annually.
- According to sources, the group announced that it had 8.9 billion in revenue in 2020, and a net loss of nearly $740 million.
- As of 2025, the Majil Al-Futtaim Group has an empire of 20 international markets and over 45,000 employees.