Dubai orders Mall of the Emirates owner to restructure its board

Dubai's Majid Al Futtaim Restructures Amid Generational Shift

A special judicial committee in Dubai has ordered restructuring at Majid Al Futtaim, aiming to secure its future following the founder's death. The changes reflect efforts to align governance with long-term goals and ensure company stability amid generational transition and potential family infighting.

Succession battle as Mall of the Emirates owners told to restructure

Authorities likely want to avoid any further infighting that could slow down the growth of a firm that long has made hiring Emiratis a key goal

Dubai orders Mall of the Emirates owner to restructure its board

A special judicial committee in Dubai has reportedly ordered the parent company of one of the region’s retail giants to restructure its board, trying to end years of turmoil after the death of its founder and secure the future of the owner of the Mall of the Emirates.

UAE’s retail giant Majid Al Futtaim to restructure its board - The Arabian Stories News

DUBAI : A special judicial committee, established in 2022 by His Highness Sheikh Mohammed bin Rashid Al Maktoum, has reportedly directed changes to the parent company overseeing the Majid Al Futtaim Group. The move marks a significant step in managing succession and governance in a business that has played a key role in Dubai’s rise as a commercial hub. The Financial Times reported that the new board structure includes five government-appointed …

Dubai takes control of Majid Al Futtaim amid succession dispute

MAF patriarch died in 2021 New board appointed Assets worth around $19bn The Government of Dubai has stepped in to take control of Majid Al Futtaim (MAF) Holding, a pillar of Dubai’s consumer economy.  A new board has been appointed to lead the group in an emirate-backed effort to resolve a long-running family succession battle. Founded in 1992, MAF is one of the largest closely held companies in the Gulf. It operates across retail, hospitality,…