Majid Al Futtaim in the news

Majid Al Futtaim is closing its THAT Concept Store to redeploy its space for the Mall of the Emirates' $1.3 billion redevelopment into a next-generation luxury lifestyle destination.

du and Huawei successfully deployed an advanced 5G+ indoor network at Mall of the Emirates, achieving speeds exceeding 3.5 Gbps and improving digital connectivity for visitors and retailers.

Dubai's THAT Concept Store is closing to facilitate the Dh5 billion redevelopment of Mall of the Emirates into a next-generation lifestyle destination.

Majid Al Futtaim launched "The Hangout by Mall of the Emirates", a new indoor-outdoor entertainment and dining precinct as part of a AED5bn transformation.

Mall of the Emirates is launching 'The Hangout', a new destination with entertainment concepts, 18 eateries, and outdoor spaces, as part of its AED 5 billion transformation.

CIB, Majid Al Futtaim, and Visa launched a co-branded credit card that links everyday spending to the Majid Al Futtaim SHARE app, offering points and cashback across the company's retail and leisure ecosystem.

Majid Al Futtaim launched The Hangout by Mall of the Emirates, a new indoor-outdoor precinct with entertainment and dining as part of a AED 5 billion transformation, opening in phases from late 2026.

Majid Al Futtaim will invest $3.4 billion in Egypt over five years, entering the residential and hotel markets for the first time.

Majid Al Futtaim and the Emirati Human Resources Development Council in Dubai signed an agreement to boost Emirati employment and skills development.

Majid Al Futtaim launched ELMNT333° at Mall of Egypt with an investment exceeding $8 million, expanding its integrated retail and lifestyle offerings in Egypt.

Majid Al Futtaim opened ELMNT33° in Mall of Egypt, investing over $8 million to create a 5,250 sqm integrated destination with dining, lifestyle, and co-working spaces.

Khalifa Bin Braik, CEO of Majid Al Futtaim Asset Management, leads the integration of retail, hospitality, and leisure across 29 malls and seven hotels in the MENA region, leveraging his hotel background to drive asset performance and create experiential destinations.

Majid Al Futtaim achieved a record H1 EBITDA of $680.74 million, up 11%, with net operating profit after tax rising 25%, despite a 6% decline in retail revenue, showcasing growth in development, malls, and digital segments.

Majid al Futtaim's CEO Hani Weiss discusses the importance of wellbeing for individuals and businesses in the #WellbeingAtWork campaign.

Majid Al Futtaim's CEO sees a path to doubling value within seven years, despite regional conflicts, by continuing major investments and expanding digitally and geographically.

Majid Al Futtaim's CEO reports a rapid recovery from a Q2 demand shock while continuing major regional investments despite the Iran war's impact on luxury spending.

Muscat Duty Free and Majid Al Futtaim partnered to offer travelers at Muscat International Airport the chance to win entertainment prizes with qualifying purchases.

Majid Al Futtaim, Nestlé UAE, and Sparklo are expanding smart recycling at Carrefour stores in the UAE using AI-powered machines to promote sustainable consumer habits and support national circular economy goals.

Majid Al Futtaim's profit jumped 25% to $490m, driven by strong development and mall performance, even as retail revenue declined.

Majid Al Futtaim achieved record first-half EBITDA and a 25% increase in net operating profit after tax, driven by diversified growth engines and strategic investments, despite some retail sector challenges.