What is the difference between Al Futtaim and Majid Al Futtaim?

The Al-Futtaim family split its business interests in 2000 with Abdulla Al Futtaim controlling the automotive and mainly retail business, and his cousin Majid controlling a property development business (now known as Majid Al Futtaim Group).

What is Al Futtaim retail?

The concept of integrated retail was pioneered by Majid Al Futtaim across the Middle East, Africa and Asia and has made our company the partner of choice for international hypermarket, fashion and speciality retail brands.

Who Majid Al Futtaim?

Majid Al Futtaim is one of the leading drivers of economic growth and impact in the Middle East and North Africa and is a leading foreign direct investor and a catalyst for the region’s economy.

How did Majid Futtaim start?

Career. He is the founder and owner of the Majid Al Futtaim Group, which he founded in 1992 after splitting the Al Futtaim empire with his cousin. According to Forbes, Al Futtaim has a net worth of US$3.7 billion, as of July 2021.

Is Ikea part of Al-Futtaim?

Al-Futtaim holds the franchise rights for IKEA in Egypt, Oman, Qatar and the United Arab Emirates. IKEA offers an extensive range of home furnishing products and accessories of good design, value and functionality.

Who is the CEO of Majid Al Futtaim?

Alain Bejjani (Feb 2015–)
Majid Al Futtaim Group/CEO

Who is the CEO of Carrefour?

Alexandre Bompard (18 Jul 2017–)
Carrefour/CEO

He is a Chevalier de l’Ordre des Arts et des Lettres (France). Since July 18, 2017, Alexandre Bompard has been Chairman and Chief Executive Officer of Carrefour. In addition, he has chaired the Carrefour Foundation since September 8, 2017.

What new brand did Majid Al Futtaim launch recently?

In December 2018, Majid Al Futtaim announced their plans to rebrand of Hyperstar to Carrefour across Pakistan. A new Carrefour is expected to open in the Mall of Defence in Lahore in early 2019. The company introduced the world’s first sail-through supermarket “Bites and More by the Shore”, in December 2018.

What do you know about Al-Futtaim?

Established in the 1930s as a trading business, Al-Futtaim is one of the most progressive regional family business houses headquartered in Dubai, United Arab Emirates. From its headquarters in the UAE, the Group actively pursues ways to further expand and optimise its value chain and automotive solutions offering.