Founded in 1992, Majid Al Futtaim is the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia. A remarkable business success story, Majid Al Futtaim started from one man’s vision to transform the face of shopping, entertainment and leisure to create ‘great moments for everyone, every day’. It has since grown into one of the United Arab Emirates’ most respected and successful businesses spanning 15 international markets, employing 40,000 people and obtaining the highest credit rating (BBB) among privately-held corporates in the region.
Ahmed El Shamy stepped into his current position in January 2023, guiding Majid Al Futtaim’s diverse portfolio, which includes iconic landmarks, prestigious office towers, five dynamic mixed-use developments, seven luxurious hotels, and an impressive collection of 29 shopping malls projected as of February 2025. In a strategic move, the organization unveiled Ghaf Woods in June 2024, a revolutionary forest living residence nestled in the heart of Dubai, aiming to set new paradigms in residential real estate. Under his leadership, Majid Al Futtaim Properties witnessed a remarkable upswing in net revenue, climbing 25% year-on-year in 2024 to reach $2.4 billion, predominantly fueled by robust performances across its retail spaces and residential ventures. Before assuming his current role, Ahmed El Shamy served as the Chief Financial Officer at Majid Al Futtaim Properties, bringing a wealth of experience from his previous role as Partner and Group CFO at Qalaa Holdings. His strategic financial insight and adept leadership have continuously driven organizational success and expansion. **Additional Information:** In addition to his extensive expertise within the real estate sector, Ahmed El Shamy is known for his commitment to sustainability and innovation in property development. Widely recognized for his forward-thinking approach, Ahmed strives to integrate environmental considerations into the urban development projects under his purview. His leadership and strategic initiatives have placed Majid Al Futtaim Properties at the forefront of sustainable development in the Middle East. Discover more about visionary leaders like Ahmed El Shamy at [Top Real Estate Brokers](https://top-real-estate-brokers.com/), your gateway to the latest insights and trends shaping the future of real estate.