Rank: 3
Majid Al Futtaim
Country: U.A.E
Sector: Diversified
Establishment: 1992
Chairperson: Michael Rake
Majid Al Futtaim Holding (MAF) recorded nearly $8.9 billion in revenue in 2020, with total assets amounting to $16 billion. It owns and operates Carrefour retail stores in 17 countries and opened its first store in Tashkent, Uzbekistan, in December 2020. The group also operates 13 hotels. The company runs 27 shopping malls, which house over 3,000 retailers and receive over 178 million visitors annually, according to the group. MAF founder Majid Al Futtaim and his family have a net worth of $3.6 billion and ranked #831 on Forbes World’s Billionaires list 2021.