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Majid Al Futtaim

Growth Score40DXBi Rank59Heat Score100

Majid Al Futtaim Holding LLC

Private Dubai conglomerate operating malls, retail and leisure across the Middle East and North Africa.

Founded 1992PrivateDubai, UAE, Dubai1000+ employeesmajidalfuttaim.com
Prospect profileretailmallsCarrefour franchiseprivate conglomerate
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Overview

Majid Al Futtaim is a privately held Dubai-based conglomerate operating shopping malls (including Mall of the Emirates), the Carrefour franchise across MENA, hotels, cinemas (VOX) and entertainment venues. The company reported record FY2025 financial results with consolidated revenue nearing AED 36 billion and 41% net profit growth, its strongest balance sheet in over a decade.
40

Growth Score

Steady

100

Heat Score

Trending up

Details

Operating Status
Active
Company Type
Private
Headquarters
Dubai, UAE
Founded
1992
Company Size
1000+ employees
Revenue
AED 35.9 billion annual revenue (2025, approx. USD 9.7 billion)

Products & Services

Carrefour (MAF Retail)

Hypermarket/supermarket franchise operator across the Middle East, Africa and Central Asia (~90 hypermarkets, ~120 supermarkets in 15 countries); MAF holds the exclusive Carrefour franchise for these markets.

VOX Cinemas

Cinema chain (573+ screens) operated by Majid Al Futtaim Entertainment/Ventures across the region.

Ski Dubai

Indoor ski and snow park attraction at Mall of the Emirates, part of MAF's leisure/entertainment portfolio.

Magic Planet

Family entertainment centre chain operated within malls across MAF's markets.

Mall of the Emirates / Mall of Egypt / City Centre malls

Flagship shopping mall developments and management under Majid Al Futtaim Properties.

Carrefour Market (premium concept)

New premium supermarket format launched in 2026, starting at Jumeirah Park Centre, UAE.

Franchised lifestyle/fashion brands (A&F, Lululemon, Crate & Barrel, etc.)

MAF Lifestyle operates regional franchise rights for various international fashion and home brands.

People

Technology

No technology or web presence data on file yet.

Financials

Funding rounds

Projects

PartnershipAnnounced/Ongoing

Tabby and Majid Al Futtaim long-term BNPL partnership (2023), expanded across GCC (2024/2025)

Majid Al Futtaim announced a long-term strategic partnership with fintech Tabby to offer buy-now-pay-later (BNPL) and flexible payment solutions across its retail, mall and leisure businesses; the partnership was later expanded to spread BNPL across the wider GCC.

Aug 15, 2026

Project LaunchCompleted

Majid Al Futtaim launches premium Carrefour Market concept in UAE

Majid Al Futtaim Retail launched its first premium Carrefour Market concept store in the UAE at Jumeirah Park Centre, a new supermarket format as part of continued investment in store formats.

Jul 1, 2026

Governance/Board ChangeCompleted

Majid Al Futtaim adds two non-executive directors to its Board

Majid Al Futtaim expanded its Board of Directors by appointing two new non-executive directors, part of a broader board restructuring reportedly linked to a Dubai judicial committee process regarding the group's governance following founder Majid Al Futtaim's 2021 death.

Aug 15, 2026

PartnershipSigned

Majid Al Futtaim returns to Riyadh with Diriyah Company partnership

Majid Al Futtaim partnered with Saudi giga-project developer Diriyah Company, marking its return to the Riyadh market.

Oct 10, 2025

Joint VentureSigned

Majid Al Futtaim signs $3.1 billion New Cairo development deal with Midar

Majid Al Futtaim signed a $3.1 billion strategic partnership with Egypt's Midar to develop a large mixed-use destination in Mada City, New Cairo.

$3.1B

Jun 21, 2026

Strategic InvestmentAnnounced

Majid Al Futtaim announces AED 5 billion Mall of the Emirates transformation

Majid Al Futtaim announced a AED 5 billion ($1.4 billion) transformation of Mall of the Emirates in Dubai, adding 20,000 sq m of new retail space and 100 new stores.

$1.4B

Apr 16, 2025

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