Al-Futtaim Group
Sector: Automotive, Retail, Real Estate and Financial Services • Country: Dubai, UAE
25 March, 2026
One of the UAE’s most diversified privately held conglomerates, Al-Futtaim operates across 20-plus countries with a portfolio of over 200 brands, including Toyota, Lexus, IKEA, and Marks & Spencer. In July 2025, the group acquired a 49.95 per cent stake in Saudi Arabia’s Cenomi Retail for SAR2.52 bn ($666m), one of the largest foreign strategic investments in a Saudi-listed retailer. At the Future Investment Initiative in October 2025, Al-Futtaim pledged SAR10bn ($2.72bn) in Saudi investments over three years across e-mobility, retail, real estate and insurance.
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