THE MIDDLE EAST’S

7. Majid Al Futtaim – Holding

CEO: Ahmed Galal Ismail
Established: 1992
Country: U.A.E.

Majid Al Futtaim Holding holds a diverse portfolio across shopping malls, communities, retail, and leisure in the Middle East, Africa, and Central Asia. It operates 29 malls, seven hotels, and five mixed-use communities, serving over 600 million customers annually. In 2024, the group recorded assets of $18.7 billion and reported revenues of $9.2 billion. In April 2025, the company announced plans to open more than 30 new stores across its luxury retail portfolio this year in the U.A.E. and Saudi Arabia, which includes brands like Eleventy, Corneliani, and Poltrona Frau.