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Majid Al Futtaim Group company logo
Holding Company
FINANCE | Real Estate / Commercial Real Estate Development
majidalfuttaim.com

Investments

4

Partners & Customers

10

About Majid Al Futtaim Group

Majid Al Futtaim Ventures is responsible for developing and managing new enterprises that complement and reinforce Majid Al Futtaim Holding's leadership in shopping, retail and entertainment. The Company's expertise spans across a collection of wholly-owned businesses that mark Majid Al Futtaim Ventures' dedication to delivering superior customer experiences.

Headquarters Location

Tower 1, 10th Floor, City Centre Deira Complex PO Box 91100

Dubai, 91100,

United Arab Emirates

+9714 2949999

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Latest Majid Al Futtaim Group News

Carrefour reaffirms its commitment to sustainability by launching 'Choose Better' at its COP28 store

Nov 27, 2023

Through a partnership with sustainability intelligence platform, HowGood, Carrefour will become the only retailer in the region to share comprehensive sustainability ratings of its products. Press Release PHOTO Dubai, United Arab Emirates: Carrefour, operated by Majid Al Futtaim in the UAE, reaffirms its commitment to sustainability by opening a one-of-a-kind store at COP28’s Blue Zone in Expo City, offering a unique, eco-conscious shopping experience. As part of its participation in the event, and further emphasising its dedication to pioneering sustainable initiatives, Carrefour will also be launching its innovative 'Choose Better' programme at this store. According to the UAE’s National Nutrition Strategy, 83% of the adult population do not consume their recommended five servings of fruits and vegetables daily. Carrefour’s customer insights reveal that while customers aspire to lead healthier lifestyles, they struggle to find a range of healthier food options at affordable prices. Derived from this powerful insight, the ‘Choose Better’ programme aims to educate, empower, and reward customers by making healthier and more sustainable choices accessible, affordable, and appealing, both in-store and online. This programme is built on three pivotal pillars – Choose Better, 'For You', 'For the Planet', and 'For Communities' – each playing a crucial role in fostering positive change with healthier lifestyles that protect the planet and support local communities. Customers can also find the ‘Choose Better’ offering at Carrefour’s Mall of the Emirates, City Centre Deira, and City Centre Mirdif stores, in addition to Terminal 3 at Dubai International Airport. The Carrefour store at COP28, which ensures circular design using repurposed material and smart lighting, and promotes product sustainability, spotlights Carrefour's sustainable journey to 30,000 visitors from across the world. Commenting on the occasion, Hani Weiss, Chief Executive Officer at Majid Al Futtaim – Retail, stated: "COP28 is a strategic platform to role model our efforts and demonstrate Majid Al Futtaim’s unwavering commitment to a more sustainable future. Our engagement at the event underlines our relentless pursuit of sustainability goals, marking a pivotal stride in our mission to achieve Net Positivity by 2040." "The launch of 'Choose Better' is a testament to our dedication to health, wellness, and sustainability, aligning with our purpose to enable people to shop smarter and live better. It stands as a fundamental component of our mission, aligning seamlessly with Majid Al Futtaim’s commitment to the Consumer Goods Forum and the transformative goals set forth by the Forum’s Collaboration for Healthier Lives coalition. We invite COP28 visitors to step into our store and witness the unique shopping experience in person," he added. Under the 'Choose Better - For the Planet’ pillar, Carrefour encourages and rewards customers for making informed choices that protect the environment. As an industry first, Carrefour will become the only retailer in the region to transparently share the sustainability ratings of its products by partnering with "HowGood", an independent research database that assesses ingredients and products for environmental and social impact. “Customers around the world are making clear demands for increased transparency into product impact,” said Ethan Soloviev, Chief Innovation Officer of HowGood. "To make meaningful progress towards a net-positive future, we must collectively turn to data-driven measurement and communications, and we are honoured to be powering those efforts for Carrefour on the global stage at COP28.” For more information, please visit the Choose Better landing page. Media Contact: © Press Release 2023 Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release. The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk. To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

Majid Al Futtaim Group Investments

4 Investments

Majid Al Futtaim Group has made 4 investments. Their latest investment was in BALY as part of their Seed VC on January 1, 2022.

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Majid Al Futtaim Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/28/2022

Seed VC

BALY

$10.5M

Yes

14

10/24/2018

Series A - II

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$99M

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10

5/16/2017

Series B

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$99M

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10

12/23/2014

Unattributed VC

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10

Date

1/28/2022

10/24/2018

5/16/2017

12/23/2014

Round

Seed VC

Series A - II

Series B

Unattributed VC

Company

BALY

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Amount

$10.5M

$99M

$99M

New?

Yes

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Co-Investors

Sources

14

10

10

10

Majid Al Futtaim Group Acquisitions

2 Acquisitions

Majid Al Futtaim Group acquired 2 companies. Their latest acquisition was Wadi on May 16, 2019.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

5/16/2019

Series A

$99M

$97M

Acquired

1

11/21/2018

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$99M

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10

Date

5/16/2019

11/21/2018

Investment Stage

Series A

Companies

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Valuation

$99M

$99M

Total Funding

$97M

Note

Acquired

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Sources

1

10

Majid Al Futtaim Group Partners & Customers

10 Partners and customers

Majid Al Futtaim Group has 10 strategic partners and customers. Majid Al Futtaim Group recently partnered with Alessi on November 11, 2023.

Date

Type

Business Partner

Country

News Snippet

Sources

11/2/2023

Licensor

Italy

Majid Al Futtaim Lifestyle partners with Alessi in milestone distribution deal

Under this exclusive partnership , Majid Al Futtaim will have the rights to distribute the full range of Alessi products for wholesale , retail , online , HORECA and B2B projects across the GCC .

1

8/1/2023

Vendor

United States

Majid Al Futtaim brings LiveRamp’s data collaboration platform to the MENA region

Dubai , UAE -- Majid Al Futtaim , the leading shopping mall , communities , retail and leisure pioneer across the Middle East , Africa and Asia , today announced a long-term strategic partnership with LiveRamp , a leading data collaboration platform headquartered in San Francisco .

2

7/6/2023

Partner

United Arab Emirates

Carrefour partners with ADGM Academy boosting the next generation of Emirati talents

This partnership with ADGM Academy is the latest step in our ambitious Emiratisation strategy as we continue to actively contribute to the socio-economic development and prosperity of the UAE .

1

6/20/2023

Partner

United Arab Emirates

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10

6/8/2023

Partner

United Arab Emirates

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10

Date

11/2/2023

8/1/2023

7/6/2023

6/20/2023

6/8/2023

Type

Licensor

Vendor

Partner

Partner

Partner

Business Partner

Country

Italy

United States

United Arab Emirates

United Arab Emirates

United Arab Emirates

News Snippet

Majid Al Futtaim Lifestyle partners with Alessi in milestone distribution deal

Under this exclusive partnership , Majid Al Futtaim will have the rights to distribute the full range of Alessi products for wholesale , retail , online , HORECA and B2B projects across the GCC .

Majid Al Futtaim brings LiveRamp’s data collaboration platform to the MENA region

Dubai , UAE -- Majid Al Futtaim , the leading shopping mall , communities , retail and leisure pioneer across the Middle East , Africa and Asia , today announced a long-term strategic partnership with LiveRamp , a leading data collaboration platform headquartered in San Francisco .

Carrefour partners with ADGM Academy boosting the next generation of Emirati talents

This partnership with ADGM Academy is the latest step in our ambitious Emiratisation strategy as we continue to actively contribute to the socio-economic development and prosperity of the UAE .

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Sources

1

2

1

10

10

Majid Al Futtaim Group Team

25 Team Members

Majid Al Futtaim Group has 25 team members, including current Chief Executive Officer, Alain Bejjani.

Name

Work History

Title

Status

Alain Bejjani

Chief Executive Officer

Current

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Name

Alain Bejjani

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Work History

Title

Chief Executive Officer

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Status

Current

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