Al-Futtaim Group [A Succesfull Construction Company ]

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Al-Futtaim Group

[The Al-Futtaim Group is a large conglomerate in the Arabian emirate of the city.]





The group was founded in the 1930s and expanded rapidly in the 1940s and 1950s becoming an integrated commercial, industrial, and services organization.

The Al-Futtaim family split its business interests in 2000 with Abdulla Al Futtaim controlling the automotive and mainly retail business, and his cousin Majid controlling a property development business (now known as Majid Al Futtaim Group).

In September 2013, the group bid $ 86 million to take full control of the Nairobi-based car retailer CMC Holdings.


Al-Futtaim Group employs over 44,000 people and operates eight divisions comprising automotive, electronics, insurance, services, real estate, retail, industries, and overseas. Sheikh Mohammed bin Rashid Al Maktoum mediated a settlement between Abdullah Al Futtaim and his rival, cousin Majid Al Futtaim, in 2000 which split the assets, liabilities, and operations of the then-big Al Futtaim Group.

In 2007, Forbes said Al Futtaim's conglomerate was so big and profitable that it could account for up to 15% of Dubai's gross domestic product.

The CEO of Al-Futtaim Group was Robert Willett until he was suddenly resigned in January 2011. After that Omar Al-Futtaim became a Board Member, CEO and Vice Chairman



Businesses
Al-Futtaim's businesses include Kolber Geneve and Westar.

Al Futtaim Motors
In 1955, Al-Futtaim Motors was founded and is the exclusive distributor of Toyota, Lexus, Hino trucks and Toyota Material Handling Equipment in the UAE.

 Robinsons & Co.
In April 2008, the Al-Futtaim Group bought 88% of the shares of Robinsons & Co. at S $ 7.20 per share.

 IKEA
The Al-Futtaim Group holds the franchise rights to operate IKEA stores in UAE, Qatar, Egypt, and Oman. It operates four IKEA stores in UAE, Qatar, and Egypt.


Abdulla Al Futtaim


Abdulla Al Futtaim is an Emirati billionaire, the owner of Al-Futtaim Group, and the cousin of fellow billionaire Majid Al Futtaim.He has earned his wealth through operations in the automotive industry, as well as retail and real estate.As of October 2018, his net worth was estimated at $ 3.1 billion.
He is married and lives in Dubai.  His son, Omar Al Futtaim, is the CEO of Al-Futtaim Private Company LLC.









 Faayiz mohamed

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