The family-owned conglomerate owns and operates shopping malls, retail, and hotel establishments in the Middle East and North Africa.

[13] The firm was established by Majid Al Futtaim in 1992[1] and is best known as the owner of the Mall of the Emirates in Dubai and being the franchisee of French hypermarket chain Carrefour in the Middle East, North Africa and Central Asia.

[14] MAF Holding was founded in 1992 when Majid Al Futtaim left the retail-oriented family business, led by his brother, Abdulla, and created a new firm to run his real estate and property management concerns.

The break-up of the two firms was finalized in 2000 when the head of Dubai Sheikh Mohammed bin Rashid Al Maktoum arbitrated an agreement between the two siblings that divided their assets, liabilities and business divisions.

[19] Majid Al Futtaim Properties develops, owns and manages shopping malls and hotels in the MENA region.

[49] In January 2019, speaking at the annual World Economic Forum in Davos, Alain Bejjani (CEO) announced the group's intention to introduce a Saudi-only workforce in the Carrefour supermarkets across the country.

[52] In the first half of 2018, Majid Al Futtaim Retail launched its largest regional distribution center in Dubai's National Industries Park.

[55] The same year, its company signed a Memorandum of Understanding (MoU) with Smart Dubai to help improve the emirate's data analytics capabilities.

[67] Majid Al Futtaim Ventures is a group of companies that offer amenities such as cinemas, leisure and entertainment, financial services, fashion and healthcare and JVs in facility management and food and beverages.

At the end of 2019, Vox Cinemas, part of the Majid Al Futtaim Entertainment group, expects to open a multi-screen venue[98] at the Wafi Mall in Dubai.

Majid Al Futtaim now co-owns the development and franchise rights to food brands[103] such as Dalloyau, California Pizza Kitchen, YO!

[108][109][110] In 2015, MAF Dalkia Middle East rebranded its identity under the name of ‘Enova’, a joint venture company between Majid Al Futtaim and Veolia.