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Al Futtaim Motors: Established by the group in 1955, it is the exclusive distributor of Toyota, Lexus, Hino trucks and Toyota Material Handling equipment in the UAE. [12] Robinsons & Co.: In April 2008, the Al-Futtaim Group bought 88% of the shares of Robinsons & Co. at S$7.20 per share. [13] [14]
Al Futtaim has a bachelor's degree in Economics and Business Studies from Macalester College, Minnesota, received in 1985. [1] [3] The group was founded in the 1930s and expanded rapidly in the 1940s and 1950s becoming an integrated commercial, industrial, and services organization.[2]
Majid Al Futtaim was the cousin of fellow billionaire Abdulla Al Futtaim, the head of the Al-Futtaim Group, from whom he later became estranged. [2] Majid Al Futtaim with Sheikh Rashid bin Saeed. The Majid Al-Futtaim Group currently spans 20 international markets and employs over 45,000 people. [3]
Majid Al Futtaim Ventures is a group of companies that offer amenities such as cinemas, leisure and entertainment, financial services, fashion and healthcare and JVs in facility management and food and beverages. [77] Majid Al Futtaim Ventures is a unit of Majid Al Futtaim (MAF) Group. [78]
Abdulla Al Futtaim (Arabic: عبدالله الفطيم) is an Emirati businessman, billionaire, investor, philanthropist and owner of Al-Futtaim Group, [1] and cousin of fellow billionaire Majid Al Futtaim. As of October 2021, his net worth was estimated at $2.2 billion.
In 2014 he was made Chief Corporate Development Officer and Brand Officer of Majid Al Futtaim. He was responsible for driving the company's brand and business vision, strategy, innovation, and intellectual property. [8] [9] [3] In February 2015 Bejjani was appointed CEO of Majid Al Futtaim Group, replacing the departing Iyad Malas. [9] [3]
Régis Schultz (born 10 December 1968) [1] is a French businessman, currently the CEO of JD Sports. [2] During his career, Régis Schultz held the positions of President of Retail at Al-Futtaim Group, CEO of French retail chain Monoprix and member of the executive committee of Groupe Casino, CEO of Darty, CEO of French retailer BUT and top executive of Kingfisher PLC.
Al-Ghazi Tractors was founded in 1983 and started production at its plant located in Dera Ghazi Khan. [3] It was listed on the Karachi Stock Exchange in 1985. [3]In 1991, Al-Futtaim Group took over the management control of Al-Ghazi Tractors by acquiring 50 percent of its shares for PKR 104.36 million (US$4.26 million).