Majid Al Futtaim Group LLC

P.O. Box 60811
Dubai, United Arab Emirates
Phone: +971-4-294-9999
Fax: +971-4-294-0999
http://www.majidalfuttaim.com

Overview

The desert oasis of Dubai is home to luxury hotels, massive shopping malls, and ... a ski resort? Majid Al Futtaim Group is the force behind Ski Dubai, the world's largest indoor ski resort. Its Majid Al Futtaim Properties development company created many of Dubai's shopping malls and hotels, including Mall of the Emirates, a 2.4 million sq. ft. "shopping resort" where Ski Dubai is located. It is also developing a master-planned community in Oman called The Wave Muscat. The group has joint ventures with Dalkia, ORIX, JCB, and Mubadala, and has established about 25 Carrefour hypermarkets in the region. Majid Al Futtaim operates through four segments: property, retail, ventures, and the Majid Al Futtaim Trust.

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Key Numbers from Hoover's UK

Key financials for Majid Al Futtaim Group LLC

Company Type Private
Fiscal Year-End December
2007 Sales (mil.) £1,552.9
1-Year Sales Growth 31.9%
2007 Net Income (mil.) £228.7
1-Year Net Income Growth (29.4%)
2007 Employees 13,413
1-Year Employee Growth 16.9%
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Key People from Hoover's UK

Key people and executives for Majid Al Futtaim Group LLC

CEO and Director Anders C. Moberg
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President Majid Al Futtaim
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CFO and Director Stefan Kirsten
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