Al Futtaim owns conglomerate Al Futtaim Group, run by his son Omar, who is vice chairman and CEO. In 1955, the group became the exclusive distributor of Toyota in the U.A.E. and still has the distributorship today. Al Futtaim also has the license to operate Hertz, Ikea, Toys “R” Us, and Marks and Spencer in the U.A.E. The retailers anchor its malls, which include Dubai Festival City, Dubai Festival Plaza, Doha Festival City, and Cairo Festival City.