Top 100 Arab
Family Businesses

6. Majid Al Futtaim Holding

Country: U.A.E.
Sector: Diversified
Establishment: 1992
CEO: Alain Bejjani

Majid Al Futtaim Holding has operations in the retail, real estate, leisure and entertainment, and lifestyle sectors, among others. It owns and operates 423 carrefour outlets, 29 shopping malls, and 13 hotels across the Middle East, Africa and Asia. The group ended 2021 with total revenues of $8.8 billion and assets worth $16.5 billion. It secured a $1.5 billion Sustainability-Linked Loan in 2021 to help become net positive in carbon and water by 2040. The company’s founder Majid Al Futtaim passed away in December 2021, leaving a net worth of $4.3 billion at the time. As of February 2022, a judicial committee had been appointed to oversee the late billionaire’s estate and inheritance issues.