Ahmed Galal Ismail has become the new CEO of Majid Al Futtaim Holding, announced the UAE-based conglomerate.
He assumes the position from Alain Bejjani, who served in the role for eight years.
As the CEO of Majid Al Futtaim properties, Ahmed will be responsible for Majid Al Futtaim’s malls, hotels, communities and project management operations since 2018. He previously served as CEO of Majid Al Futtaim Ventures and VP Strategy of Majid Al Futtaim Holding.
Mr Galal Ismail said: “I am committed to building on our strong, customer-focused strategy that has allowed us to deliver sustained growth.
“Our prudent financial discipline and strong governance mean that we are well-positioned to remain focused on sustainable value creation and creating great moments for everyone, every day.”
Following a steady economic recovery in the retail and leisure sectors, Majid Al Futtaim reported revenue of Dh18 billion for H1 2022, an increase of 15 per cent compared to H1 2021.