Abdulla Al Futtaim & family
Overview
- Source of Wealth
- Auto dealers, investments
- Industry
- Automotive
- Residence
- Dubai
- Marital Status
- Married
Assets
- Al-Ghazi Tractors Ltd.28,992,700 shares @ --AGTL-PK
- Commercial Bank of Dubai521,205,559 shares @ --CBD-AE
- Dubai Insurance Company7,195,200 shares @ --DIN-AE
- Emirates Investment Bank9,239,000 shares @ --EIBANK-AE
- Fawaz Abdulaziz Alhokair & Co.57,325,841 shares @ --4240-SA
Biography
Abdulla Al Futtaim owns conglomerate Al Futtaim Group, run by his son Omar, who is vice chairman and CEO.
In 1955, the group became the exclusive distributor in the U.A.E. of Toyota-- and still has the distributorship today.
Al Futtaim also has the license to operate Hertz, Ikea and Toys "R" Us and Marks and Spencer in the U.A.E.
The retailers anchor its malls, which include Dubai Festival City, Dubai Festival Plaza, Doha Festival City and Cairo Festival City.
His cousin Majid Al Futtaim, who died in 2021, was also a billionaire.
About
In 2010, Al Futtaim reportedly bought the yacht of the late Russian oligarch Boris Berezovsky.
In 2017, the group acquired 27 Marks and Spencer stores in Hong Kong and Macau, bringing the total stores it operates in Asia and the Middle East to 80.