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Key Facts

BBB

Rating Maintained for 14 Consecutive Years

0 B

USD Approximate company-wide Asset Value

0 B

USD Group Revenue

Bonds & Credit Rating

Majid Al Futtaim is the highest rated, privately owned corporate entity in the GCC, and has maintained its BBB credit rating for the past 14 consecutive years.

Financial Summary

Due to our robust balance sheet and stable cash flow, Majid Al Futtaim has a strong foundation from which to effectively manage growth.

Funding Strategy

We are committed to prudent financial management and our Funding Strategy focuses on minimising re-financing risk and ensuring flexibility and efficiency through diversified sources of funding.

Executive Leadership

Our leaders inspire, encourage and help deliver on our vision, strategy and values, everyday. They lead the way and encourage others to do the same.
Announcements & Updates
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The Investor Relations Presentation

Access the latest Investor Relations Presentation here. Please contact the Investor Relations team to obtain information about the next update and call.

24 Mar 2025

Majid Al Futtaim Announces Appointment of Zein Abdalla and Iyad Malas to its Holding Board

09 Jul 2025
Majid Al Futtaim Logo

Dubai, UAE – 09 July 2025: Majid Al Futtaim, a leading shopping mall, communities, retail, and leisure pioneer across the Middle East, Africa, and Asia, announces the appointment of Zein Abdalla and Iyad Malas as Non-Executive Directors to its Holding Board. 

Fadel Abdulbaqi Al Ali, Chairman of Majid Al Futtaim’s Holding Board, said: “I am pleased to welcome Zein Abdalla and Iyad Malas to the Majid Al Futtaim Holding Board. Their wealth of experience and global perspective will be invaluable as we continue to build on the Group’s legacy of innovation and excellence. The appointment of these two distinguished business leaders marks an exciting new chapter for the organisation, and I am confident that their contributions will help guide us toward continued success and sustainable growth.”

Zein Abdalla brings vast experience from long tenures at global companies including 19 years at PepsiCo, where he retired as President of the global business and 16 years at Mars Inc. Throughout his esteemed career, he developed expertise in corporate and general management, supply chain procurement, global brand management, innovation and global strategy across both developed and emerging markets. He currently serves as Chair of the Mastercard Foundation, Board Adviser to Mars Inc., Board Member of Cognizant, and Board Member of the Kuwait Food Company (Americana).

Iyad Malas brings over 35 years of experience in various senior roles across sectors which include real estate, retail, leisure & entertainment, financial services, and investments. His previous roles include Partner at Gateway Partners Equity Firm, CEO of Majid Al Futtaim Holding, Chief Operating Officer, Head of Asset Management at EFG Hermes and had a notable career with the International Finance Corporation, a member of the World Bank Group. He is currently the CEO of Al Ghurair Group and sits on the Board of Directors of a number of listed companies including Mashreq Bank, National Cement Company and Polyplex Corporation in both India and Thailand.

Investor Relations Contact

investorrelationscontactnikolaospassaris

Nikolaos Passaris

Head of Treasury
Laura Ford

Laura Ford

Director – Treasury
 
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