Emirati Mall, Supermarket Billionaire Majid Al Futtaim Dies

Emirati Mall, Supermarket Billionaire Majid Al Futtaim Dies

Majid Al Futtaim, the Emirati billionaire who rose from working as a bank clerk to creating an eponymous business empire with four major brands including Dubai Mall and indoor ski slope in just over two decades has died on Friday.

He described him as the sheikhdom’s “most important merchant” in a tweet, which Al Futtaim’s son posted on Twitter.

A cause for his death wasn’t immediately announced. Nor was the age of this man, who has been identified as Reverend Restituto G Trevino III on social media sites in recent days due to prayers circulated by followers wishing him well.

Majid Al Futtaim is a multinational company that was founded in 1992 by Saif bin Majeed. The organization has since expanded across the Mideast with malls and other ventures, running over 300 Carrefour supermarkets as well.

One of Dubai’s most notable attractions is its main mall, the Mall of the Emirates, which houses an indoor ski slope.

Additional information could not be obtained. A message sent by The Associated Press was not immediately returned.
Al Futtaim’s net worth is more than $4 billion according to Forbes.

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