UAE businessman Majid Al Futtaim passes away; Sheikh Mohammed pays tribute

Emirati businessman Majid Al Futtaim has passed away.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, paid tribute to Futtaim on Twitter, hailing him as “one of Dubai’s most important” business leaders.

Al Futtaim’s death was announced on Friday.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, paid tribute to Futtaim on Twitter, hailing him as “one of Dubai’s most important” business leaders.

Al Futtaim’s death was announced on Friday.Join Our Telegram group to know the latest news https://t.me/kuwaitoffering

Yusuffali M.A., Lulu Group chairman and managing director, said the demise was a “great loss”.

“A true visionary and inspiration for the entire business community. He played a very key role in many business sectors, especially in the growth of retail sector in UAE and the region. Great loss indeed.”

Al Futtaim founded Majid Al Futtaim Holding in 1992. It 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.

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