Morocco Report
  • Automotive
  • Business
  • Entertainment
  • Health
  • Lifestyle
  • Luxury
  • News
  • More
    • Sports
    • Technology
    • Travel
Reading: Billionaire Arab business tycoon Majid Al Futtaim passes away
Share
Aa
Morocco Report
Aa
Search
  • Automotive
  • Business
  • Entertainment
  • Health
  • Lifestyle
  • Luxury
  • News
  • More
    • Sports
    • Technology
    • Travel
© 2022 Morocco Report | All Rights Reserved
Morocco Report > News > Billionaire Arab business tycoon Majid Al Futtaim passes away
News

Billionaire Arab business tycoon Majid Al Futtaim passes away

December 18, 2021
Share
SHARE
Billionaire Arab business tycoon Majid Al Futtaim passed away on 17 December in Dubai. His death was announced by the company he founded in 1992 and which bears his name Majid Al Futtaim Group. The company he founded operates in 13 countries across the Middle East and North Africa, and has three main subsidiaries: Majid Al Futtaim Retail, Majid Al Futtaim Ventures, and Majid Al Futtaim Properties. He founded Majid Al Futtaim Holding in 1992. It expanded across the Mideast with malls and other ventures. It also runs over 375 Carrefour supermarkets and hypermarkets across Africa, Asia and the Middle East. 

Billionaire Arab business tycoon Majid Al Futtaim passes away

His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Friday, mourned the Emirati businessman Majid Al Futtaim. His Highness wrote on Twitter, “May God have mercy on our brother Majid Al Futtaim, the creative businessman, and one of Dubai’s most important merchants and senior men… a man of endless goodness and giving to the nation.” He added, “His latest decision was to hire 3,000 citizens… may God have mercy on him, rest him in peace and inspire his family and relatives patience and solace… Amen.”

A visionary entrepreneur and a truly exceptional man, he was credited with transforming the retailing experience in the UAE and more widely across the region, His extraordinary foresight and clarity of purpose not only set the company on the path to success, but greatly contributed towards the UAE’s global reputation for innovation and excellence. His company is the exclusive distributor of Toyota in the UAE, and also has the license to operate Hertz, Ikea, Toys “R” Us and Zara in the region. 

You Might Also Like

UAE and India discuss strategic ties at UNGA78 in New York

Leaders of UAE and Netherlands convene to reinforce mutual cooperation

UN calls for greater female representation in police forces worldwide

Africa faces skyrocketing costs of climate change, projected to reach $440 billion

Revolutionary acoustic study sets new standard for marine conservation in the UAE

Admin December 18, 2021
Share this Article
Facebook TwitterEmail Print
Previous Article Nahyan bin Mubarak attends Iraq National Day celebrations at Expo 2020 Dubai
Next Article Andrey Rublev wins Mubadala World Tennis Championship

Latest News

UAE and India discuss strategic ties at UNGA78 in New York
News
Leaders of UAE and Netherlands convene to reinforce mutual cooperation
News
UN calls for greater female representation in police forces worldwide
News
Africa faces skyrocketing costs of climate change, projected to reach $440 billion
News
Revolutionary acoustic study sets new standard for marine conservation in the UAE
News
MENA Newswire reconfigures the algorithm of organization generated content
News

You Might Also Like

News

UAE and India discuss strategic ties at UNGA78 in New York

September 26, 2023
News

Leaders of UAE and Netherlands convene to reinforce mutual cooperation

September 26, 2023
News

UN calls for greater female representation in police forces worldwide

September 8, 2023
News

Africa faces skyrocketing costs of climate change, projected to reach $440 billion

September 5, 2023

© 2022 Morocco Report | All Rights Reserved

  • Home
  • Contact Us
Welcome Back!

Sign in to your account

Lost your password?