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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
3 People Watching presentation on the laptop;

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.

Sep 2025

Majid Al Futtaim Signs Iconic U.S. Youth lifestyle Brand, Pacsun, Bringing its First International Store to Mall of the Emirates, Dubai

12 Dec 2025
Majid Al Futtaim Logo
• 20 Pacsun stores planned over five years, including flagship locations in Dubai, Abu Dhabi and key GCC markets

• Pacsun to debut an exclusive regional collection at the FORMULA 1 ABU DHABI GRAND PRIX 2025

Dubai, United Arab Emirates; 3 December 2025: Majid Al Futtaim, a leading shopping mall, communities, retail, and leisure pioneer across the Middle East, Africa, and Asia, has announced an exclusive partnership with Pacsun to bring the iconic Californian youth lifestyle brand to the Middle East. The debut store at Mall of the Emirates, Dubai in early 2026, will mark Pacsun’s first international expansion outside the United States.

Pacsun is a purpose-driven brand founded in 1980, that has become a cultural cornerstone for the next generation, building community at the intersection of fashion, music, art, and sport. Known for its elevated, on-trend product assortment and unique brand collaborations, the brand embodies the voice of Gen Z and Gen Alpha: authentic, inclusive, and fearless, with over 350 stores across the U.S.

Over the next five years, Majid Al Futtaim and Pacsun will roll out up to 20 stores across key markets in the GCC, including flagship stores in Dubai and Abu Dhabi, supported by regional e-commerce platforms and experiential activations that bring the brand’s Californian spirit to life.

Fahed Ghanim, Chief Executive Officer, Majid Al Futtaim Lifestyle, said: 
“Pacsun’s arrival in Dubai signifies much more than a new brand entering our portfolio, it’s a celebration of youth culture and creativity. The GCC is home to a generation that defines global trends, and our partnership with Pacsun is a powerful step in how we continue to engage this audience through innovation, community, and authentic self-expression.”

“The partnership reinforces Majid Al Futtaim’s refounding journey, securing high-potential, scalable partnerships that strengthen the Group’s long-term foundation for growth. It also highlights our position as the partner of choice for global brands seeking meaningful expansion in the Middle East.” 

Pacsun’s expansion into the Middle East follows a period of exceptional growth and cultural influence in its home market. The brand has become one of the fastest-growing youth lifestyle retailers in the United States, engaging Gen Z through social commerce, creator partnerships, and purpose-driven storytelling. With more than 4.5 million followers on TikTok and Instagram, Pacsun has cemented its position as a leading brand shaping how digital-native consumers connect with fashion. Its arrival in Dubai represents the next chapter in that success story, bringing its bold, community-driven spirit to one of the world’s most dynamic and youthful regions.

Brieane Olson, Chief Executive Officer, Pacsun, said:

“Expanding into the UAE, one of the world’s most dynamic and youthful regions, marks a pivotal step in Pacsun’s global journey, guided by a deep commitment to connecting with Gen Z and Gen Alpha, by listening to how they express themselves, connect, and influence culture.” 

“Partnering with Majid Al Futtaim allows us to bring that vision to life in a place that shares our values of creativity and mission to co-create our brand with our community. We are excited about the kind of shopping experience that we can create together.”

Earlier this year, the “Pacsun Youth Report”, a first-of-its-kind comprehensive study exploring Gen Z and Gen Alpha attitudes toward fashion, culture, community, and self-expression, was unveiled at the brands inaugural “Pacsun Purpose Summit”. Based on insights from thousands of respondents across the U.S., the report reveals how young consumers are reshaping retail through creativity, connectivity, and values-driven choices.

Key findings reveal that Gen Z and Gen Alpha view fashion as a key form of self-expression, deeply influenced by the digital world. Nearly 60% of Gen Z turn to TikTok to keep up with fashion trends, while 75% of Gen Alpha have purchased clothing specifically to create content. Individuality, creativity and inclusivity continue to shape their purchasing choices, values that have guided Pacsun’s global strategy and underpin its arrival in Dubai. With around 60% of the GCC’s population under 30, the region is one of the youngest and most digitally engaged in the world, providing the ideal landscape for Pacsun’s bold, youth-centric energy and its signature fusion of fashion, music and culture.

Majid Al Futtaim and Pacsun will debut the brand’s first official UAE moment at the FORMULA 1 ABU DHABI GRAND PRIX 2025, marking the beginning of Pacsun’s regional presence. The immersive retail pop-up will feature an Abu Dhabi inspired collection from Formula 1® and Pacsun. The limited local capsule will also be available to purchase online via pacsun.me following the event.

For more information visit pacsun.me or follow @pacsunme via Instagram and TikTok.

Investor Relations Contact

investorrelationscontactnikolaospassaris

Nikolaos Passaris

Head of Treasury
Laura Ford

Laura Ford

Director – Treasury
 
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