Majid Al Futtaim denies reports of stake sale, calls claims 'misleading'

Says no changes to its governance or company structure

- BY DHANUSHA GOKULAN Chief Reporter

Majid Al Futtaim has denied reports suggesting it is considering selling a stake or parts of its business, calling such claims “entirely inaccurate, unfounded and misleading.”

In a statement shared with Gulf News, the Dubai-based conglomerate said there are “no planned changes to its governance, shareholding or company structure,” directly addressing a Bloomberg report that claimed government-appointed officials were exploring strategic options including a potential stake sale.