Arab billionaire businessman Majid Al Futtaim dies
- By AFP -
- Dec 17, 2021
Prominent UAE businessman Majid Al Futtaim, who founded retailing and entertainment giant MAF, has died, Dubai’s ruler said on Friday in a Twitter post paying tribute to one of the emirate’s pioneers “who gave back to the nation.”
رحم الله أخونا ماجد الفطيم، رجل الأعمال المبدع ، وأحد أهم تجار دبي وكبار رجالاتها …
وصاحب عطاء للوطن وخير لا ينقطع .. آخر قراراته كان توظيف ٣٠٠٠ مواطن … رحمه الله وأسكنه فسيح جناته وألهم أهله وذويه الصبر والسلوان .. آمين pic.twitter.com/BZKtRrdRds— HH Sheikh Mohammed (@HHShkMohd) December 17, 2021
Al Futtaim, who was born in the 1930s according to local media, in 1992 established Majid Al Futtaim (MAF), a conglomerate that develops shopping malls across the Middle East and North Africa.
He was ranked the third-richest Arab businessman by Forbes Magazine this year with a family fortune of $3.6 billion.
“May God have mercy on our brother Majid Al Futtaim, a pioneering businessman and one of the most important in Dubai and among its greatest men who gave back to the nation,” Dubai ruler Sheikh Mohammed bin Rashid al-Maktoum tweeted.
He referenced MAF’s decision this year to hire 3,000 Emiratis over the next five years.