Majid Al Futtaim Holding

Dubai's shopping-centre and leisure group with an audited headcount. Majid Al Futtaim Holding brings malls, property development, stores and entertainment under a single operating group. The FY2025 consolidated accounts report 41,367 employees and AED 35.859 billion in revenue. S&P identifies the shareholders as members of the founder's family, while the bond prospectus describes an independent operating board and professional management. The group trails Alshaya's disclosed headcount. It narrowly ranks above the separate Al-Futtaim group on the reported workforce floor and the strength of its financial disclosure. **Key stats** - 41,367 employees at December 31, 2025 - AED 35.859 billion FY2025 consolidated revenue - AED 70.960 billion FY2025 total assets - 1992 founding as described in the group's corporate history **Advantages:** Dated, audited workforce evidence; distinct property, retail and entertainment businesses; published country-level revenue. **Trade-offs:** The UAE accounts for most FY2025 revenue; property and retail contribute through different economic models; a workforce lead of 1,367 against Al-Futtaim's reported floor may disappear if the latter discloses a higher exact count. **Best for:** Readers who prioritize comparable accounts and visible exposure to both property and retail. **Watch for:** Keep Majid Al Futtaim Holding separate from Al-Futtaim. And keep family shareholding separate from the role of the operating board. **Vote:** Should an audited headcount break a close ranking when a rival gives only a rounded lower bound?