Emirati conglomerate founded by Majid al-Futtaim, who opened his first shopping mall in November 1995—then Dubai's largest. The group grew to encompass the Mall of the Emirates, with its giant indoor ski slope, along with hotels and homes across the region and beyond. With $19bn in assets and more than 40,000 staff, it is one of the UAE's biggest employers.
Futtaim, who owned almost all the shares, died in 2021, aged 87. His death triggered a bitter succession dispute among his heirs. The government stepped in to restructure the group in the summer of 2025.
The conglomerate had earlier roots in a family quarrel: shortly before opening his first mall, Futtaim had fallen out with his cousin over business so acrimoniously that the royal family intervened.
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