Majid Al Futtaim is a privately 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 broad portfolio that also includes real estate and leisure ventures. The company operates VOX Cinemas, among other holdings.
Majid Al Futtaim announced plans to launch HyperMax, a new grocery brand, across Gulf markets, phasing out its partnership with Carrefour. This follows closures of Carrefour supermarkets in Bahrain, Kuwait, Oman, and Jordan. The company stated there are no immediate plans to replace Carrefour supermarkets in the UAE. In 2024, Majid Al Futtaim reported a 34% reduction in GHG emissions (scopes 1 and 2) and a 13% reduction in water consumption compared to 2019. Renewable energy comprised 6% of electricity consumption. In November 2024, the company unveiled a net-positive building, a mosque in Tilal Al Ghaf, powered by solar panels exceeding its energy needs.
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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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