Majid Al Futtaim Appoints New Chief Executive of MAF Holding
- Publish date: Saturday، 14 January 2023 | Last update: since a day
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Majid Al Futtaim announced that Ahmed Ismail has been appointed chief executive of Majid Al Futtaim Holding. He previously served as chief executive of Majid Al Futtaim — Ventures and vice president of strategy of Majid Al Futtaim — Holding.
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The new chief executive also previously worked for the management consultant Booz Allen Hamilton and Proctor & Gamble before joining MAF in 2007. Mr Ismail has been responsible for Majid Al Futtaim’s malls, hotels, communities and project management operations since 2018.
MAF founder Majid Al Futtaim died in December 2021.
The company owns and operates 29 shopping malls, 13 hotels across the Middle East, more than 400 Carrefour hypermarkets and supermarkets operated through franchise agreements, as well as entertainment and leisure assets.
Its success has been replicated outside the UAE, as it expanded into markets including Saudi Arabia, Egypt, Oman, Bahrain, Lebanon, Kuwait, Qatar, Jordan and Uganda.