Founded in 1992, Majid Al Futtaim works across 16 countries across the Middle East, Africa, and Asia, with assets valued at $18 billion as of January 2024. The company employs 46,000 people. In May 2023, it raised $500 million in a Green Sukuk issuance, raising a total of $4.95 billion through green bonds and sustainability-linked loans as of January 2024. Majid Al Futtaim Properties is set to invest $650 million by 2030 for new projects in Egypt and extensions and refurbishments of existing malls and entertainment centers. It plans to be net positive in water and carbon by 2040. The group reported revenues of over $5.1 billion in the first half of 2023.