Majid Al Futtaim is a publicly owned multinational company founded in 1992 and headquartered in the United Arab Emirates. Employing approximately 20,690 people, its primary business is retail, encompassing a diverse portfolio that also includes real estate and leisure ventures. The company operates VOX Cinemas as part of its holdings.
Majid Al Futtaim distributed 3500 Ramadan food boxes to families in Al Marg in an initiative concluded in an unspecified month and year. On an unspecified Monday, the company reported a net profit of Dh2.5 billion, a 6% year-on-year decrease attributed to currency devaluation and anticipated tax changes. In 2024, the company reported consolidated revenue of AED33.9bn ($9.2bn), a 2% decrease, while EBITDA grew 1% to AED4.6bn ($1.25bn). The company also reported a profit drop for 2024, citing lower retail revenue, a higher tax burden, and currency devaluation in some international markets.
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Majid Al Futtaim offers products in the media and telecoms services industry. Majid Al Futtaim's product portfolio comprises of live events.
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