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Key Facts

BBB

Rating Maintained for 14 Consecutive Years

0 B

USD Approximate company-wide Asset Value

0 B

USD Group Revenue

Bonds & Credit Rating

Majid Al Futtaim is the highest rated, privately owned corporate entity in the GCC, and has maintained its BBB credit rating for the past 14 consecutive years.

Financial Summary

Due to our robust balance sheet and stable cash flow, Majid Al Futtaim has a strong foundation from which to effectively manage growth.

Funding Strategy

We are committed to prudent financial management and our Funding Strategy focuses on minimising re-financing risk and ensuring flexibility and efficiency through diversified sources of funding.

Executive Leadership

Our leaders inspire, encourage and help deliver on our vision, strategy and values, everyday. They lead the way and encourage others to do the same.
Announcements & Updates
Investor_Relations_Announcements_Presentation;

The Investor Relations Presentation

Access the latest Investor Relations Presentation here. Please contact the Investor Relations team to obtain information about the next update and call.

24 Mar 2025

MAJID AL FUTTAIM AWARDS AED 1.57 BILLION CONTRACT FOR SERENITY MANSIONS CONSTRUCTION TO DUTCO CONSTRUCTION

07 Apr 2025
Dubai, UAE, April 7, 2025: Majid Al Futtaim, a leading shopping mall, communities, retail, and leisure pioneer across the Middle East, Africa, and Asia, today announced the appointment of Dutco Construction for Serenity Mansions. This milestone marks the start of construction for the highly anticipated, ultra-luxury neighborhood situated in the heart of Tilal Al Ghaf, Majid Al Futtaim’s flagship lifestyle destination in Dubai.

Dutco Construction, a prominent player in the UAE’s construction sector, has a long-standing reputation for delivering high-quality, iconic projects across Dubai. With over five decades of experience, the company has successfully executed large-scale developments, including residential units, hospitality landmarks, airports, mosques, and other complex infrastructure works. Dutco Construction also boasts a well-established record for timely delivery and customer satisfaction, making it an ideal partner for Serenity Mansions.

Ahmed El Shamy, CEO of Majid Al Futtaim Properties said: “Every detail of Serenity Mansions has been thoughtfully designed to redefine luxury living, raising the bar for sophistication and exclusivity. The appointment of Dutco Construction underscores our commitment to delivering homes that exemplify exceptional craftsmanship and reflect the tastes and aspirations of our customers. With Dutco Construction’s impeccable reputation and expertise, we are confident this development will exceed expectations and fulfil this vision.”

Serenity Mansions’ innovative residential design was conceptualized in partnership with multi-award-winning architectural firms SAOTA and Nabil Gholam, and features interiors by BLINK Design, recognized for its work on the world’s most luxurious hotels. The neighbourhood comprises 109 standalone mansions, embodying the epitome of unparalleled sophistication and refined living, harmoniously blending opulence and exclusivity to meet the tastes of the most discerning clientele. 

The awarded contract, valued at  AED 1.57 billion, encompasses the construction and completion of Serenity Mansions, including in-plot mansion construction, interior fit-out, in-plot and public realm landscaping, gatehouses, ancillary buildings, and infrastructure.

Nelson Gibb, Dutco Group CEO added: “Partnering with Majid Al Futtaim on Serenity Mansions is an exciting opportunity to redefine excellence in luxury living. We bring precision, attention to detail, and a commitment to quality to every aspect of this prestigious project. Our extensive experience in creating landmark developments will ensure Serenity Mansions sets new benchmarks for luxury and sophistication.” 

For more information, please visit www.tilalalghaf.com.

Investor Relations Contact

investorrelationscontactnikolaospassaris

Nikolaos Passaris

Head of Treasury
Laura Ford

Laura Ford

Director – Treasury
 
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