Wikipedia

Juma Al Majid Holding Group

Juma Al Majid Holding Group is an Emirati[4][5][6][1][7] holding company[8] and business conglomerate headquartered in Dubai.[9] It was established in the year 1950.[10][11] Juma Al Majid Group has 33 companies with 150 branches in the UAE and GCC in automotive, real estate development, contracting and construction services, FMCG, distribution, travel, retail, hospitality and tourism.[12][13][14] It was founded by H.E. Juma Al Majid, an Emirati businessman, political adviser, and philanthropist.[15][16][17][18]

Juma Al Majid Holding Group[1]
Company typeHolding company
Founded1950; 74 years ago (1950)
FounderJuma Al Majid
Headquarters
Dubai
,
UAE
Key people
  • Khalid Al Majid
    (Vice-Chairman)
  • Tarig Shalabi
    (Group Chief Operating Officer)
OwnerJuma Al Majid
Websitewww.al-majid.com[2][3]

History edit

The Juma Al Majid Holding Group of companies was established in 1950 by its founder and chairman, H.E. Juma Al Majid. Initially, the company was primarily involved in trading activities. However, as the Emirates unified into a single nation, the company expanded its business operations into other areas. The company diversified into Contracting, Automotive, Heavy Equipment, Real Estate, FMCG and other sectors. The group also engages in financial investments and portfolio management both in the UAE and globally.[19][1]

Timeline edit

  • 1950: The Juma Al Majid Holding Group is established by H.E. Juma Al Majid.
  • 1950: The Home Appliances Division is set up, representing premium international brands in the UAE.
  • 1958: The Group’s Tyres & Batteries Division is established and signs an agreement for the distribution of Yokohama Tyres in the UAE.
  • 1962: The Group enters into the FMCG sector by establishing GULFCO (Gulf Trading & Refrigerating Co. LLC).
  • 1967: The Group established General Navigation & Commerce Co. (GENAVCO) L.L.C for the supply of commercial vehicles, road construction equipment, quarry and mining equipment, material handling equipment, lubricants, and industrial equipment. GENAVCO signs exclusive distribution agreements with MTU, Allison Transmission, BP oil lubricants.
  • 1971: The Group’s Contracting & Services Sector establishes Al Arabia for Technical Supplies & Contracts providing technical items involving Air Conditioning Systems, Building materials & AC Accessories.
  • 1971: Al Arabia Electro Mechanical LLC was established to cater to the demands of the UAE construction industry.
  • 1971: The Group’s Office Equipment is established.[20][21]
  • 1976: The Group’s expands its operations to enter the Watches segment.
  • 1977: Al Majid Ellis is established later renamed as Al Arabia for Safety & Security L.L.C.
  • 1981: The Group establishes Al Majid Travel, a travel agency.
  • 1982: Genserv is established in Oman.[22]
  • 1983: The group expands its operations by bringing Hyundai to the UAE market.
  • 1986: Al Arabia for Elevators & Moving Systems is established.
  • 1988: Al Majid Motors is established representing Kia in the UAE.
  • 1989: Juma Al Majid Centre for Culture & Heritage is established.
  • 1990: The Group’s Travel & Tourism vertical establishes Sky Line Travel & Tourism LLC.
  • 1994: Leaders LLC is formed as an interior fit-out & FF&E company.
  • 1997: Al Majid Property is established followed by Al Maarifa Mechanical Electrical Building Maintenance.
  • 1997: Al Majid Property is established. Al Maarifa Mechanical Electrical Building Maintenance Co. LLC is established.
  • 1999: The Group enters the snacking category by establishing Awafi Foodstuff, Al Majid Investments was also established the same year.
  • 2004: Al Arabia for Operations & Maintenance is established.
  • 2016: The group’s automotive vertical introduces Genesis to the UAE market as a luxury automotive brand of Hyundai.
  • 2018: The group establishes Auto Body Center.
  • 1999: Awafi Foodstuff lnd. Co. L.L.C. is set up.

[14]

Sectors edit

Commercial business edit

Juma Al Majid Holding Group’s Commercial Businesses include services such as Automotive & Heavy Equipment, Fast Moving Consumer Goods FMCG, and Consumer & Office Solutions.

Contracting & Services businesses edit

This includes turnkey electromechanical works as part of their contracting and services businesses, which also include facilities management, interior fit-out, joinery, and architectural metal works. They also supply, install, test, and commission firefighting, protection, and prevention services.[23]

International companies like SIGMA Elevators, Angus Fire, Walker Fire, Edwards, Wefatherm, Olis, WISI, T2rane, Duro-Dyne, Eat8on, Hindalco, and other brands involved in the construction industry are partners with Juma Al Majid Holding Group's Contracting & Services businesses.[24]

Real Estate edit

  • Project Development & Management Division

The Juma Al Majid Holding Group's Project Development & Management Division oversees the planning, and feasibility of the group's investment, private, and Beit Al Khair projects in the United Arab Emirates and abroad.

  • Al Majid Property Co LLC

A wholly owned subsidiary in real estate of the Juma Al Majid Holding Group.[25]

  • Al Maarifa Mechanical Electrical & Building Maintenance Co. LLC

Building maintenance and facilities management firm Al Maarifa Mechanical, Electrical & Building Maintenance was founded in 1997 and is a member of the Juma Al Majid Holding Group.[15]

[16]

Travel edit

The Group's Travel & Tourism operation, which include Sky Line Travel, Tourism & Shipping LLC, and Al Majid Travel LLC, provide business and leisure travel services.

  • Sky Line Travel Tourism & Shipping LLC

It was founded in Sharjah in 1990 by H.H. Sheikh Mohammed Bin Saud Al Qasimi and H.E. Khalid Juma Al Majid.

  • Al Majid Travel LLC

It collaborates with Sky Line Travel, to promote leisure travel.[17]

Investment edit

  • Al Majid Investment Co.

Al Majid Investment Co. was established in 1999 with investments in international equity markets, money markets, fixed income, private equity, and direct equity.[18]


References edit

  1. ^ a b c Mughal, Waqar. "Juma Al Majid Holding Group - Top 100 Arab Family Businesses in 2the Middle East 2021".
  2. ^ Bricault, G. C. (6 December 2012). Major Companies of the Arab World 1991/92. ISBN 9789401174800.
  3. ^ "LexisNexis Corporate Affiliations". 2008.
  4. ^ "Juma al Majid took top spot in the Consumer Friendliness Index".
  5. ^ "Revealed: The UAE's most powerful business families".
  6. ^ "Juma Al Majid Hyundai announces special deals for UAE health workers". gulfnews.com.
  7. ^ "UAE: How did family businesses come about and how are they structured?".
  8. ^ "Juma al Majid Group to expand hotel portfolio, add 1,000 keys - Business - Corporate - Emirates24|7".
  9. ^ Publications, Publitec (22 December 2011). Who's Who in the Arab World 2007-2008. ISBN 9783110930047.
  10. ^ Sargisson, Lucy (July 17, 2012). Fool's Gold?: Utopianism in the Twenty-First Century. Palgrave Macmillan. ISBN 9781403992420 – via Google Books.
  11. ^ Bricault, Giselle (December 8, 1995). Major Companies of the Arab World, 1995. Graham & Whiteside. ISBN 9781860990069 – via Google Books.
  12. ^ Abbas, Waheed. "Dubai's Juma Al Majid Group hiring 1,500 new employees - Business - Corporate - Emirates24|7". www.emirates247.com.
  13. ^ "Juma Al Majid Group launches its hospitality division". Travel Daily. September 16, 2015.
  14. ^ a b Abbas, Waheed. "Revealed: The UAE's most powerful business families". Khaleej Times.
  15. ^ a b "Who is Juma Al Majid? From humble beginnings as the son of a pearl diver, to leading Dubai business magnate, philanthropist". gulfnews.com.
  16. ^ a b "Juma Al Majid: A life in service". gulfnews.com.
  17. ^ a b Staff, Entrepreneur Middle East. "Dubai Chamber Of Commerce And Industry Restructured As Three Separate Entities To Support The City's Ambitions As A Global Business Hub". Entrepreneur.
  18. ^ a b "Knowledge should not be for sale: Juma Al Majid". gulfnews.com.
  19. ^ "UAE: How did family businesses come about and how are they structured?". gulfnews.com.
  20. ^ "Telecompaper". www.telecompaper.com.
  21. ^ "Dubai Culture signs MoU with Juma Al Majid Center for Culture and Heritage". www.mediaoffice.ae.
  22. ^ White, Stephen (2012-03-21). "Genserv". Middle East Construction News. Retrieved 2024-01-14.
  23. ^ "Automechanika Dubai to Bring Automotive Aftermarket Opportunities to the Region". Khaleej Times.
  24. ^ "South Korea's luxury auto-brand Genesis gets its own UAE showroom". gulfnews.com.
  25. ^ "Real Estate". JUMA AL MAJID HOLDING GROUP L.L.C. Retrieved 2024-01-14.
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