Type | Private |
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Industry | conglomerate |
Founded | 1930s |
Headquarters | Dubai, United Arab Emirates |
Key people | Abdulla Al Futtaim, (Chairman) |
Employees | circa 20,000 (2010) |
Website | www.al-futtaim.ae |
The Al-Futtaim Group is a large conglomerate operating in the United Arab Emirates.
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The group was founded in the 1930s and expanded rapidly in the 1940s and 1950s becoming an integrated commercial, industrial and services organisation.[1]
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).[2]
Al-Futtaim Group employs over 20,000 people[3] and operates eight divisions comprising automotive, electronics, insurance, services, real estate, retail, industries and overseas.[4] The Chairman is Abdulla Al Futtaim[5] and the CEO was Robert Willett[6] until he suddenly resigned in January 2011.[7]