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Orient: Founded by Al-Futtaim in 1982, Orient is the largest insurance company in the United Arab Emirates by financial capital, with up to 500 million AED (approx. 136.1 million USD). Headquartered in Dubai, it works with major clients in Abu Dhabi, Dubai, Sharjah, and Ras Al Khaimah, as well as Oman and Bahrain. [19]
Al Futtaim was appointed as Vice Chairman of Orient Insurance in 2001. [4] Since 2010 he has served as chairman of Emirates Islamic [ 5 ] and Al Futtaim HC Securities , vice chairman of Orient Insurance , which is part of Al-Futtaim Group , and a director of the Commercial Bank of Dubai .
Majid Al Futtaim Holding (Arabic: شركة ماجد الفطيم القابضة) is an Emirati holding company based in Dubai. The family-owned conglomerate owns and operates shopping malls , retail , and hotel establishments in the Middle East and North Africa .
This is a list of government-owned companies of the United Arab Emirates. A Government-owned corporation is a legal entity that undertakes commercial activities on behalf of an owner government . Their legal status varies from being a part of government to stock companies with a state as a regular stockholder .
Pages in category "Insurance companies of the United Arab Emirates" The following 2 pages are in this category, out of 2 total. This list may not reflect recent changes .
Al Futtaim owned the yacht Quattroelle, built by Lürssen in 2013 for Michael Lee-Chin, who sold it in 2014. It has a crew of 29. [7] He was married and lived in Dubai. [2] Al Futtaim died in Dubai on 17 December 2021. [8] His son Tariq Al Futtaim currently serves on the board of the Majid Al Futtaim Group. [2]
He is married and lives in Dubai. [1] His son, Omar Al Futtaim, is the CEO of Al-Futtaim Private Company LLC. [1]He is owner of the megayacht Radiant.The ship, originally commissioned by Boris Berezovsky, is 360 feet, and as of 2013, it ranked as the seventh most expensive luxury asset acquisition of all time, according to a study by Wealth-X. [3]
On 2 December 1971, six of the emirates (Abu Dhabi, Ajman, Dubai, Fujairah, Sharjah, and Umm Al Quwain) agreed to enter into a union named the United Arab Emirates. Ras al-Khaimah joined later, on 10 January 1972. [64] [65] In February 1972, the Federal National Council (FNC) was created; it was a 40-member consultative body appointed by the ...