Majid Al Futtaim Majid Al Futtaim is one of the UAE’s richest businessmen with a net worth estimated at $4.9bn. The group that bears his name operates more than 17 shopping malls across the Middle East and North Africa, and manages the Carrefour franchise in the region. Last year, the company launched a long-awaited Dhs 1bn expansion to… Majid Al Futtaim is one of the UAE’s richest businessmen with a net worth estimated at $4.9bn. The group that bears his name operates more than 17 shopping malls across the Middle East and North Africa, and manages the Carrefour franchise in the region. Last year, the company launched a long-awaited Dhs 1bn expansion to its flagship Mall of the Emirates as well as numerous smaller City Centre malls. The company plans to double its business to $12bn by 2018, through a $5bn five-year expansion plan including investments in Egypt and Oman. President, Majid Al Futtaim Origin:UAE Residence:UAE Sector:Diversified