Archive · 9 Jun 2025
Dubai Orders Mall Owner Majid Al Futtaim to Restructure Board
Dubai authorities are changing the board of Majid Al Futtaim, the company that owns the Mall of the Emirates.
This is happening because the company's founder died in 2021, and the government wants to ensure the company's continued success.
The special judicial committee ordered the restructuring to avoid internal conflicts.
The changes are intended to reflect a shareholder-led effort and evolve governance.
Majid Al Futtaim operates malls, hotels, and franchises of global brands.
The government's goal is to ensure the firm continues to grow.
A special judicial committee in Dubai ordered the restructuring of Majid Al Futtaim's board.
The move aims to address challenges following the death of the company's founder.
The changes are intended to ensure the company's continued growth and stability.
Majid Al Futtaim's portfolio includes the Mall of the Emirates and regional franchises.
The company's revenues last year exceeded $9 billion.
- Who
- A special judicial committee in Dubai.
- What
- Restructuring of Majid Al Futtaim's board.
- When
- Following the founder's death in 2021
- Where
- Dubai, United Arab Emirates
- Why
- To ensure the company's future stability and growth after the founder's death.
- Company Affected
- Majid Al Futtaim
- Action
- Restructuring of Board
- Authority
- Special judicial committee
- Location
- Dubai, United Arab Emirates
- Revenue (Last Year)
- $9 billion
- Founder's Death
- 2021
