Billionaire and founder of popular kenyan supermarket has been pronounced dead.
Emirati billionaire and founder of Carrefour Supermarket, Majid Al Futtaim is dead.
Majid who was the founder and owner of the Majid Al Futtaim Group died on Friday, December 17.
Carrefour Kenya Supermarket announced Al Futtaim’s death in a post on Twitter on Saturday morning, praising him as a visionary entrepreneur.
“We are deeply saddened to announce that our beloved founder, Majid Al Futtaim, passed away on December 17, 2021,” read a statement from Carrefour Kenya on Saturday.
The Supermarket eulogised Majid who was in his late 80s as a visionary entrepreneur who transformed the face of business in the entire region.
“Majid’s lifetime achievements have been an inspiration for many, and particularly for the Majid Al Futtaim Group of companies, which was built around his clear sense of purpose and an unwavering vision.”
Neither the cause behind his death nor his age were announced.
He founded the Majid Al Futtaim Group in 1992 after splitting the Al Futtaim empire with his cousin Abdulla Al Futtaim.
He studied mechanical engineering at Aligarh Muslim University in India.
According to Forbes, Al Futtaim’s net worth was US$4 billion, in September 2021.
Sourced from Standard media