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Dubai News Club > Business > Dubai ruler steps in over retail empire’s inheritance dispute
Business

Dubai ruler steps in over retail empire’s inheritance dispute

Press Room
Last updated: 2022/06/20
Press Room
Published: June 20, 2022
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Dubai ruler steps in over retail empire’s inheritance dispute
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Dubai’s ruler has appointed a judicial committee to resolve a family dispute among the heirs of the late Majid Al Futtaim, founder of one of the emirate’s largest private companies.

Sheikh Mohammed bin Rashid Al Maktoum’s intervention is designed to oversee the transition of ownership of the Majid Al Futtaim (MAF) retail and leisure empire after the eponymous founder’s death in December. The company is a pillar of the Gulf state’s economy. There have been reports of discord…

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