al futtaim group type private industry conglomerate founded 1930s headquarters dubai united arab emirates key people omar al futtaim ceo abdulla al futtaim owner number of employees over 44 000 2015 1 subsidiaries kolber geneve ; westar website www.alfuttaim.com the al futtaim group is a large conglomerate operating in the united arab emirates . contents 1 history 2 operations 3 businesses 3.1 al futtaim motors 3.2 robinsons & co. 4 see also 5 references history edit the group was founded in the 1930s and expanded rapidly in the 1940s and 1950s becoming an integrated commercial industrial and services organization . 2 the al futtaim family split its business interests in 2000 with abdulla al futtaim controlling the automotive and mainly retail business and his cousin majid controlling a property development business now known as majid al futtaim group . 3 in september 2013 the group bid 86 million to take full control of the nairobi based car retailer cmc holdings . 4 operations edit al futtaim group employs over 44 000 people 5 and operates eight divisions comprising automotive electronics insurance services real estate retail industries and overseas . 6 sheik maktoum mediated a settlement between abdulla al futtaim and his rival cousin majid al futtaim in 2000 which split the assets liabilities and operations of the then larger al futtaim group . 7 as of march 2012 abdulla al futtaim is estimated by forbes magazine to have a net worth of 1.6 billion ranking him as the 804th richest person in the world and third richest in the united arab emirates uae . 8 prior to the global financial crisis abdulla al futtaim was worth nearly twice his current wealth . in 2007 forbes ranked him as the 287th richest person in the world with a net worth of 3 billion and said his conglomerate was so large and profitable that it could account for 15 % of dubai s gross domestic product . 9 the ceo of al futtaim group was robert willett 10 until he suddenly resigned in january 2011 . after that omar al futtaim became a board member ceo & vice chairman 11 12 businesses edit al futtaim s businesses include kolber geneve 13 and westar . 14 al futtaim motors edit in 1955 al futtaim motors was established and is the exclusive distributor of toyota lexus hino trucks and toyota material handling equipment in the uae . 15 robinsons & co. edit in april 2008 the al futtaim group bought 88 % of the shares of robinsons & co. at s 7.20 per share . 16 17 see also edit robinson & co. references edit al futtaim group careers al futtaim group profile arabian business rich list dubai s al futtaim offers 86 million for kenyan car retailer international reuters 2013 al futtaim group careers hoovers 2010 list abdulla al futtaim forbes profile abdulla al futtaim forbes 2007 list abdulla al futtaim forbes al futtaim group announces robert willett as new ceo gulf news 14 june 2010 al futtaim group company profiel arabianbusiness.com 24 november 2012 bloomberg businessweek 24 november 2012 al futtaim expands watches portfolio al futtaim watches scouts for distributors in eu . about al futtaim motors . al futtaim motors . al futtaim motors company llc . retrieved 7 july 2015 . nolan lynne . al futtaim acquires robinson and company . arabianbusiness.com . arabian business publishing ltd. retrieved 7 july 2015 . wong ai ai . al futtaim group takeover of robinsons . baker & mckenzie . baker & mckenzie . retrieved 7 july 2015 . retrieved from https en.wikipedia.org w index.php title al futtaim group & oldid 736588058 categories companies based in dubai navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages edit links this page was last modified on 28 august 2016 at 14 37 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view