, praising him as one of the sheikhdom's “most important merchants.”A cause for his death wasn't immediately announced. Nor was his age. However, prayers for him and his family had circulated on social media in recent days.
The Al Futtaim family's business empire dates back to the 1930s, when Dubai remained a small pearling village before the discovery of oil in what would become the United Arab Emirates. Al Futtaim was a family trading company allied with the city-state's ruling Al Maktoum family. Majid Al Futtaim Holding, founded in 1992, was Majid's business vehicle after the split. With it, he became a retail powerhouse in the Middle East and beyond after working as a clerk at the Bank of Oman, which later became Mashreq Bank.
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