UAE Tycoon Majid Al Futtaim Passes Away

Published December 17th, 2021 - 01:35 GMT
UAE Tycoon Majid Al Futtaim Passes Away
Majid Al Futtaim.

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.

Sheikh Mohammed noted that one of Al Futtaim's most significant announcements recently was his decision to hire 3,000 Emiratis over the next five years.

Al Futtaim is the owner and founder of the Majid Al Futtaim Group, which he founded in 1992. Al Futtaim's most notable properties in the UAE include Mall of the Emirates and Mirdif City Centre.

In April 2021, Forbes’ 35th Annual World Billionaires named him as among the world's top 10 richest Arabs.

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