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Orient: Founded by Al-Futtaim in 1982, Orient is the largest insurance company in the United Arab Emirates by financial capital, with up to 500 million AED (approx. 136.1 million USD ). Headquartered in Dubai, it works with major clients in Abu Dhabi, Dubai, Sharjah, and Ras Al Khaimah, as well as Oman and Bahrain. [ 19]
Website. www .majidalfuttaim .com. Majid Al Futtaim Holding ( Arabic: شركة ماجد الفطيم القابضة) is an Emirati holding company based in Dubai. The family-owned conglomerate owns and operates shopping malls, retail, and hotel establishments in the Middle East and North Africa.
Majid Al Futtaim was the cousin of fellow billionaire Abdulla Al Futtaim, the head of the Al-Futtaim Group, from whom he later became estranged. [1] Majid Al Futtaim with Sheikh Rashid bin Saeed. The Majid Al-Futtaim Group currently spans 20 international markets and employs over 45,000 people. [2]
Al Futtaim has a bachelor's degree in Economics and Business Studies from Macalester College, Minnesota, received in 1985. [1] [3] The group was founded in the 1930s and expanded rapidly in the 1940s and 1950s becoming an integrated commercial, industrial, and services organization.[2]
Existing investors Al-Futtaim Automotive, Lowercarbon Capital, Toyota Ventures, Trucks VC and Maniv Mobility also participated. The startup is facing a competitive market as many companies are ...
River, an Indian EV startup that introduced its first two-wheeler in February, has raised $15 million in a funding round led by Dubai’s Al Futtaim Group.With today’s funding round, the startup ...
Abdulla Al Futtaim (Arabic: عبدالله الفطيم) is an Emirati billionaire businessman, owner of Al-Futtaim Group, [1] and cousin of fellow billionaire Majid Al Futtaim. He earned his wealth through operations in the automotive field, as well as retail and real estate. [2] As of October 2021, his net worth was estimated at $2.2 billion. [1]
Amazon today confirmed that it has acquired Souq.com, an e-commerce marketplace serving the Middle East based out of Dubai, which was already commonly described as “the Amazon of the Middle East ...