Majid Al Futtaim Group offers financial expertise with launch of asset management business

The new entity enables external investors to benefit from the collective experience of a fund management team with years of investment performance through the Majid Al Futtaim family office.

"For the first time, professional and institutional investors looking for new investment opportunities in both challenging and favorable climates will be able to capitalize on the expertise of Majid Al Futtaim Asset Management's team of fund managers, who have been tried and tested by one of the region's most demanding family business groups,"

said Mr. Iyad Malas, the Chief Executive Officer of Majid Al Futtaim Asset Management.

"This new financial management organization builds upon the reputation of one of the region's preeminent family offices, whose fund managers have delivered a strong relative performance," he added.

Licensed and regulated by the Dubai Financial Services Authority (DFSA) , rigorously overseen by its board, and adhering to international standards of transparency and governance, Majid Al Futtaim Asset Management is set to offer over time a number of investment services to professional investors as well as institutions.

As part of its remit, Majid Al Futtaim Asset Management's fund management team will continue to oversee Mr. Majid Al Futtaim's investments, and is dedicated to achieving long-term asset growth and capital preservation through a consistent and disciplined investment approach.

Majid Al Futtaim Asset Management is the latest addition to the Majid Al Futtaim Group. The Group was established in 1992 by its Founder and President, Mr. Majid Al Futtaim.

Today, the Group employs more than 16,000 people of more than 60 nationalities in 9 countries across the region -- Bahrain, Egypt, Syria, Jordan, Kuwait, Oman, Qatar, Saudi Arabia and the UAE. The three other businesses in the Group are Majid Al Futtaim Properties, Majid Al Futtaim Retail and Majid Al Futtaim Ventures.

Starting with the first 'City Centre' mall in Deira in 1995, and made famous by Mall of the Emirates and Ski Dubai in 2005, the Majid Al Futtaim Group has established itself as the leading retail and leisure pioneer across the Greater Middle East.