Business Chief ME+AFRICA January 2024 | Page 33

TOP 1O

MAJID

AL FUTTAIM HOLDING
Revenue : US $ 9.9 billion Employees : 46,000 CEO : Ahmed Galal Ismail Founded : 1992
From one Emirati man ’ s vision in the early nineties , Majid Al Futtaim has grown into the leading shopping mall , communities , retail and leisure pioneer across the MEA region and Asia , spanning 16 markets and serving 600 million customers .
With owned assets valued at US $ 18 billion , the Group manages three major operating subsidiaries – Properties , Retail and Ventures – and has the highest credit rating ( BBB ) among privately-held corporates regionally .
As well as owning and operating 29 shopping malls , 13 hotels and four mixeduse communities , its portfolio includes 400 Carrefour outlets in 30 markets and over 600 VOX Cinemas .
One of the first movers in announcing a commitment to achieving net positive on carbon and water by 2040 , MAF is on-track to achieving its science-based targets .
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