×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: Emirates | Obit | Majid Al Futtaim

Emirati Mall, Supermarket Billionaire Majid Al Futtaim Dies

Friday, 17 December 2021 09:01 AM

DUBAI, United Arab Emirates (AP) — Emirati billionaire Majid Al Futtaim, who rose from working as a bank clerk to creating an eponymous business empire, including a massive Dubai mall with an indoor ski slope, died on Friday.

Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum announced Al Futtaim’s death in a post on Twitter, praising him as one of the sheikhdom’s “most important merchants.”

A cause for his death wasn’t immediately announced. Nor was his age. However, prayers for him and his family had circulated on social media in recent days.

Al Futtaim founded Majid Al Futtaim Holding in 1992. Its expanded across the Mideast with malls and other ventures. It also runs over 300 Carrefour supermarkets and hypermarkets across Africa, Asia and the Middle East.

Its showpiece mall, the Mall of the Emirates, is a major attraction in Dubai and is home to the indoor ski slope.

No further details were immediately available. The company did not immediately respond to queries from The Associated Press.

Forbes estimated Al Futtaim’s net worth as over $4 billion.

© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
Emirati billionaire Majid Al Futtaim, who rose from working as a bank clerk to creating an eponymous business empire, including a massive Dubai mall with an indoor ski slope, died on Friday.Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum announced Al Futtaim's death in a...
Emirates,Obit,Majid Al Futtaim
176
2021-01-17
Friday, 17 December 2021 09:01 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved