Latest news with #Al-Futtaim
Mid East Info
14-05-2025
- Business
- Mid East Info
Orient Insurance Announces Q1 2025 Results, Highlighting Increased Revenue and Earnings Per Share - Middle East Business News and Information
The company reported a 20.2% increase in insurance revenue, reaching AED 2.15 billion compared to AED 1.79 billion in Q1 2024. Net profit after tax grew by 4.1% to AED 312.6 million, compared to AED 300.3 million in the same period last year. Dubai, United Arab Emirates;May 2025: Orient Insurance, the leading UAE insurance provider in the UAE and a subsidiary of Al-Futtaim, today announced its financial results for the first quarter ended 31 March 2025, highlighting robust growth across key financial indicators. Over the past quarter, insurance revenue growth expanded significantly to AED 2.15 billion, up from AED 1.79 billion in Q1 2024. Meanwhile, net profit after tax increased to AED 312.6 million this quarter, compared to AED 300.3 million for the same period in 2024. Earnings per share grew 4.1%, rising to AED 62.52 per share compared to AED 60.07 in Q1 2024. Key financial highlights for Q1 2025: Insurance Revenue: AED 2.15 billion, up by 20.2% from AED 1.79 billion in Q1 2024. Net Profit After Tax: AED 312.6 million, representing a 4.1% increase from AED 300.3 million in Q1 2024. Total Equity: AED 5.59 billion, a 7.4% increase from AED 5.21 billion at the end of 2024. Total Assets: AED 16.39 billion, up by 4.6% from AED 15.67 billion at the end of 2024. Earnings Per Share: AED 62.52, up by 4.1% from AED 60.07 in Q1 2024. Omer Elamin, President of Orient Group, said : 'Orient Insurance has delivered a strong start to 2025, demonstrating our resilience and strategic focus. We are particularly pleased with our ability to maintain profitability and growth, a testament to our operational efficiency and prudent risk management. Our solid earnings provide us with the financial flexibility to reinvest in strategic initiatives and further strengthen our market position. Orient Insurance is well-positioned to capitalise on emerging opportunities and continue to lead in the insurance sector.' Moving forward, Orient Insurance remains committed to innovation and customer-centricity. The company is actively pursuing new technologies and approaches to enhance customer experience, streamline operations, and create long-term value for its stakeholders. This focus is allowing Orient Insurance to continue exceeding expectations and to provide unparalleled insurance services. About Al-Futtaim: Established in the 1930s as a trading business, Al-Futtaim today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United Arab Emirates. Operating across 18 countries in the Middle East, North Africa and Asia, the Group spans key sectors including automotive, financial services, real estate, retail, and health. Al-Futtaim's work is driven by a clear purpose: to enrich lives and elevate communities through practical, forward-looking solutions. Employing a workforce of nearly 33,000 people, Al-Futtaim represents a portfolio of over 200 of the world's most recognised and trusted brands, including Toyota, Lexus, IKEA, ACE, Marks & Spencer, and many more. With a strong focus on digital innovation and artificial intelligence, sustainable growth, strategic partnerships, and empowering its people, Al-Futtaim's approach is anchored in long-term value creation. Its integrated business model positions the Group as a reliable partner to stakeholders—supporting customers, communities, and collaborators alike in navigating the needs of today while planning for tomorrow. Underpinned by the values of respect, excellence, collaboration, and integrity, Al-Futtaim continues to build a legacy that reflects its responsibility to people, progress, and the planet.
Mid East Info
13-05-2025
- Automotive
- Mid East Info
Al-Futtaim Electric Mobility Celebrates BYD SEALION 7's Five-Star Euro NCAP Safety Rating - Middle East Business News and Information
Milestone reinforces Al-Futtaim's role in delivering the safest, most advanced EVs to the region Dubai, UAE –May 2025: Al-Futtaim Electric Mobility, the official distributor of BYD in the region, proudly announces that the BYD SEALION 7 SUV has earned a prestigious five-star safety rating in the latest round of tests by independent body Euro NCAP. This achievement underscores Al-Futtaim's commitment to bringing top safety-rated, cutting-edge electric vehicles to the UAE and wider region, further reinforcing its role in accelerating the transition to sustainable mobility. With its industry-leading safety features and innovative engineering, the SEALION 7 exemplifies the high standards that Al-Futtaim Electric Mobility brings to market through its exclusive partnership with BYD. The company's efforts are instrumental in ensuring customers in the region have access to world-class EVs that meet the highest benchmarks of safety, performance, and environmental responsibility. Below is the full announcement from BYD highlighting the SEALION 7's exceptional performance in Euro NCAP testing: The model, which was launched in Europe in late 2024 and features not only a Blade Battery but also BYD's trademark Cell-to-Body construction, picked up the top rating with strong performances in all of the four key areas in Europe's most stringent safety examination – Adult Occupant protection, Child Occupant protection, Vulnerable Road Users protection and Safety Assist. The SEALION 7, which is available with a choice of battery sizes and power outputs and incorporates the world's fastest electric motor in mass production (23,000rpm), has picked up particularly strong scores in the two occupant areas of the test. Euro NCAP's official report says that the car offered good whiplash protection in a crash, while noting good protection in the side barrier test and severe side pole impact evaluation. The Adult Occupant protection rating is 87%. The Child Occupant protection rating is even more impressive, at 93%, equalling the highest percentage score in this category over the past nine years and reinforcing the SEALION 7's positioning as a family car. The report states how, in the frontal offset and side barrier tests, the SEALION 7 scores maximum points for protection of all critical parts of the body for both the 10-year and six-year dummies. It also credits its direct child-presence detection system, which issues a warning when it detects that a child or infant has been left in the vehicle. The SEALION 7's suite of driver-assistance features all earn praise in the evaluation, with a Safety Assist score of 79%. The report comments that the autonomous emergency braking system performs well, including responding well to pedestrians and motorcyclists, and notes the presence of lane-support and speed-assistance systems. The SEALION 7's five-star verdict follows similar ratings for its other models on sale in Europe – DOLPHIN, ATTO 3, SEAL U and SEAL U DM-i, SEAL and TANG.
Mid East Info
07-05-2025
- Automotive
- Mid East Info
Al-Futtaim Celebrates 70+ Years of Contributing to UAE-Japan Relations - Middle East Business News and Information
Al-Futtaim has been a key player in the UAE-Japan economic partnership for 70+ years, bringing Japanese excellence in automotive, technology, and lifestyle to its customers Iconic brands including Toyota, Lexus, Seiko, Panasonic and Toshiba are exclusively represented by Al-Futtaim across the Middle East Al-Futtaim is participating at the UAE Pavilion in Expo 2025 in Osaka, highlighting the role of collaboration and partnerships in advancing sustainability and innovation Dubai, United Arab Emirates; May , 2025: Al-Futtaim, one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, is proud to celebrate over 70 years of successful partnerships with Japan and its globally iconic brands. This enduring relationship underscores Al-Futtaim's commitment to fostering international collaboration and bringing world-class products and services to the Middle East. Over the decades, Al-Futtaim has partnered with a diverse portfolio of leading Japanese brands, including Toyota, Lexus, Honda, Panasonic, Seiko, Toyota Material Handling, Toto, Hino, Toshiba, Yanmar, and Hitachi. These partnerships have been instrumental in introducing cutting-edge technologies, high-quality products, and exceptional customer service to the UAE market, contributing to the vibrant economic exchange between the two countries. 'For 70 years, the Al-Futtaim Group has been a key bridge between the UAE and Japan, fostering long-lasting relationships built on trust, shared values, and common aspirations. Abdulla Al Futtaim's entrepreneurial foresight all those years ago laid the foundation for an enduring alliance that has since expanded to include a portfolio of leading Japanese brands. As the third generation of our family to lead the Group — with the fourth generation already active in the business — I am proud that our partnership with Japan has not only stood the test of time but has also helped shape the future. Our continued collaboration with leading Japanese brands reflects not only a deep commitment to excellence and innovation, but also our dedication to consistently driving progress across multiple sectors,' said Omar Al Futtaim, Vice Chairman and Chief Executive Officer, Al-Futtaim. 'Looking ahead, we are committed to growing these relationships by forging new, innovative partnerships with Japanese companies, ensuring that our collaboration remains a cornerstone of the UAE-Japan relationship for generations to come.' 'We are honoured to welcome Mr. Omar Al Futtaim to the UAE Pavilion at EXPO OSAKA 2025. His family's legacy as the distributor of Toyota vehicles in the UAE since 1955 stands as a testament to the enduring partnership between our nations,' remarked His Excellency Shihab Al Faheem, Ambassador Extraordinary and Plenipotentiary of the United Arab Emirates to Japan and Commissioner General of the UAE Pavilion at Expo 2025 Osaka. 'For over 70 years, private business relations between Japan and the UAE have flourished—built on mutual respect, trust, and shared vision. From pioneering companies like Toyota to other leading Japanese enterprises such as Honda, Mitsubishi, Sumitomo, and Hitachi, these collaborations have played a vital role in strengthening the economic and cultural bonds between our countries. The UAE Pavilion proudly showcases these deep-rooted ties and celebrates a future of continued innovation and cooperation.' Al-Futtaim's commitment to Japan aligns with the UAE's own long-standing relationship with the country, which was one of the first to recognise the UAE as an independent state on 3 December 1971 and established diplomatic relations on 6 May 1972. The UAE's participation in the Osaka Expo 1970 further underscores the early connection between the two nations. The UAE is Japan's top trading partner in the Arab world in terms of exports and imports, accounting for nearly 40% of Japan's total exports to the UAE. Meanwhile, Japan is among the UAE's top 10 trading partners. The two nations have also initiated efforts to establish a Comprehensive Economic Partnership Agreement (CEPA), which will foster new avenues for collaboration and support the sustainable economic growth of both nations and their people. Bringing iconic brands to the Middle East: Al-Futtaim's multi-sector partnership with Japan spans automotive, lifestyle, technology, and infrastructure. Toyota remains a market leader in the UAE, and Al-Futtaim's retail partnerships have introduced Japanese excellence in fashion, electronics, and mobility to millions of customers across the region. Al-Futtaim has continually invested in sustainable mobility and advanced logistics, helping bring Japanese innovation to everyday life. 'Our 70-year partnership with Toyota reflects Al-Futtaim's enduring commitment to excellence and innovation in the automotive industry. We deeply value this collaboration and Toyota's relentless Kaizen approach to continuous improvement, which has been central to our shared success. Together, we have established Toyota as the most successful automotive brand and a clear market leader in the UAE, delivering quality, reliability, and innovation to generations of customers. This partnership underscores Al-Futtaim's pivotal role in shaping the region's automotive landscape and driving the future of mobility,' said Paul Willis, President at Al-Futtaim Automotive. Hirokazu Yoshida, Executive Officer, Panasonic Corporation, shared: 'For over 50 years, Al-Futtaim has been a trusted partner in bringing Panasonic's innovations to the Middle East. Their deep understanding of the regional market and commitment to excellence has allowed us to deliver products that enhance everyday life. Together, we've built a long-lasting relationship grounded in trust and shared values. We look forward to continuing this collaboration, driving innovation and realizing holistic wellbeing in the region for many years to come.' Akio Naito, President, Seiko Watch Corporation said: 'Seiko and Al-Futtaim share a long tradition of craftsmanship, trust, and innovation. Their dedication to excellence has helped us reach new audiences and tell our brand story in a region that appreciates precision, design, and heritage. We are proud to celebrate this 70-year journey together.' From April to October 2025, Al-Futtaim will proudly participate in the UAE Pavilion at Expo 2025 Osaka. This engagement underscores the shared values of innovation and sustainability between the UAE and Japan, aligned with Expo 2025's theme of 'Designing Future Society for Our Lives.' Al-Futtaim's role at Expo 2025 also represents a full-circle moment for the UAE's participation in World Expos hosted by Osaka, celebrating a rich legacy while looking to the future. As the region looks toward a more connected, sustainable, and tech-driven future, Al-Futtaim remains committed to being a bridge between the UAE and Japan, continuing to move nations forward—together. About Al-Futtaim: Established in the 1930s as a trading business, Al-Futtaim today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United Arab Emirates. Structured into five operating divisions—automotive, financial services, real estate, retail, and health—Al-Futtaim employs more than 33,000 people across over 20 countries in the Middle East, Asia, and Africa. Its portfolio includes partnerships with over 200 of the world's most renowned and innovative brands. Driven by an entrepreneurial spirit and a steadfast commitment to meeting customer needs, Al-Futtaim continues to grow and evolve, aligning with the changing demands of the communities it serves. Anchored by its core values of respect, excellence, collaboration, and integrity, Al-Futtaim consistently enriches the lives and aspirations of its customers.
Al Bawaba
06-05-2025
- Automotive
- Al Bawaba
Al-Futtaim Celebrates 70+ Years of Contributing to UAE-Japan Relations
Dubai, United Arab Emirates; May 6, 2025: Al-Futtaim, one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, is proud to celebrate over 70 years of successful partnerships with Japan and its globally iconic brands. This enduring relationship underscores Al-Futtaim's commitment to fostering international collaboration and bringing world-class products and services to the Middle East. Over the decades, Al-Futtaim has partnered with a diverse portfolio of leading Japanese brands, including Toyota, Lexus, Honda, Panasonic, Seiko, Toyota Material Handling, Toto, Hino, Toshiba, Yanmar, and Hitachi. These partnerships have been instrumental in introducing cutting-edge technologies, high-quality products, and exceptional customer service to the UAE market, contributing to the vibrant economic exchange between the two countries. 'For 70 years, the Al-Futtaim Group has been a key bridge between the UAE and Japan, fostering long-lasting relationships built on trust, shared values, and common aspirations. Abdulla Al Futtaim's entrepreneurial foresight all those years ago laid the foundation for an enduring alliance that has since expanded to include a portfolio of leading Japanese brands. As the third generation of our family to lead the Group — with the fourth generation already active in the business — I am proud that our partnership with Japan has not only stood the test of time but has also helped shape the future. Our continued collaboration with leading Japanese brands reflects not only a deep commitment to excellence and innovation, but also our dedication to consistently driving progress across multiple sectors,' said Omar Al Futtaim, Vice Chairman and Chief Executive Officer, Al-Futtaim. 'Looking ahead, we are committed to growing these relationships by forging new, innovative partnerships with Japanese companies, ensuring that our collaboration remains a cornerstone of the UAE-Japan relationship for generations to come.' 'We are honoured to welcome Mr. Omar Al Futtaim to the UAE Pavilion at EXPO OSAKA 2025. His family's legacy as the distributor of Toyota vehicles in the UAE since 1955 stands as a testament to the enduring partnership between our nations,' remarked His Excellency Shihab Al Faheem, Ambassador Extraordinary and Plenipotentiary of the United Arab Emirates to Japan and Commissioner General of the UAE Pavilion at Expo 2025 Osaka. 'For over 70 years, private business relations between Japan and the UAE have flourished—built on mutual respect, trust, and shared vision. From pioneering companies like Toyota to other leading Japanese enterprises such as Honda, Mitsubishi, Sumitomo, and Hitachi, these collaborations have played a vital role in strengthening the economic and cultural bonds between our countries. The UAE Pavilion proudly showcases these deep-rooted ties and celebrates a future of continued innovation and cooperation.' Al-Futtaim's commitment to Japan aligns with the UAE's own long-standing relationship with the country, which was one of the first to recognise the UAE as an independent state on 3 December 1971 and established diplomatic relations on 6 May 1972. The UAE's participation in the Osaka Expo 1970 further underscores the early connection between the two nations. The UAE is Japan's top trading partner in the Arab world in terms of exports and imports, accounting for nearly 40% of Japan's total exports to the UAE. Meanwhile, Japan is among the UAE's top 10 trading partners. The two nations have also initiated efforts to establish a Comprehensive Economic Partnership Agreement (CEPA), which will foster new avenues for collaboration and support the sustainable economic growth of both nations and their people. Bringing iconic brands to the Middle East Al-Futtaim's multi-sector partnership with Japan spans automotive, lifestyle, technology, and infrastructure. Toyota remains a market leader in the UAE, and Al-Futtaim's retail partnerships have introduced Japanese excellence in fashion, electronics, and mobility to millions of customers across the region. Al-Futtaim has continually invested in sustainable mobility and advanced logistics, helping bring Japanese innovation to everyday life. "Our 70-year partnership with Toyota reflects Al-Futtaim's enduring commitment to excellence and innovation in the automotive industry. We deeply value this collaboration and Toyota's relentless Kaizen approach to continuous improvement, which has been central to our shared success. Together, we have established Toyota as the most successful automotive brand and a clear market leader in the UAE, delivering quality, reliability, and innovation to generations of customers. This partnership underscores Al-Futtaim's pivotal role in shaping the region's automotive landscape and driving the future of mobility,' said Paul Willis, President at Al-Futtaim Automotive. Hirokazu Yoshida, Executive Officer, Panasonic Corporation, shared: 'For over 50 years, Al-Futtaim has been a trusted partner in bringing Panasonic's innovations to the Middle East. Their deep understanding of the regional market and commitment to excellence has allowed us to deliver products that enhance everyday life. Together, we've built a long-lasting relationship grounded in trust and shared values. We look forward to continuing this collaboration, driving innovation and realizing holistic wellbeing in the region for many years to come.' Akio Naito, President, Seiko Watch Corporation said: 'Seiko and Al-Futtaim share a long tradition of craftsmanship, trust, and innovation. Their dedication to excellence has helped us reach new audiences and tell our brand story in a region that appreciates precision, design, and heritage. We are proud to celebrate this 70-year journey together.' From April to October 2025, Al-Futtaim will proudly participate in the UAE Pavilion at Expo 2025 Osaka. This engagement underscores the shared values of innovation and sustainability between the UAE and Japan, aligned with Expo 2025's theme of 'Designing Future Society for Our Lives.' Al-Futtaim's role at Expo 2025 also represents a full-circle moment for the UAE's participation in World Expos hosted by Osaka, celebrating a rich legacy while looking to the future. As the region looks toward a more connected, sustainable, and tech-driven future, Al-Futtaim remains committed to being a bridge between the UAE and Japan, continuing to move nations forward—together.
Mid East Info
02-05-2025
- Business
- Mid East Info
Al-Futtaim Blue and Justlife partner to offer exclusive rewards to customers in the UAE - Middle East Business News and Information
Partnership offers enhanced convenience and value for both Al-Futtaim Blue and Justlife customers Al-Futtaim Blue: members to earn Blue points and exclusive discounts on Justlife home cleaning, maintenance, beauty and wellness services, and much more Dubai, United Arab Emirates;May 2025: Al-Futtaim loyalty programme Blue has partnered with Justlife, a leading online marketplace for home services, to offer exclusive benefits and rewards to customers in the UAE. This collaboration will enhance customers' everyday lives with added convenience, value, and savings. Blue members can now earn 1 Blue point for every 1 AED spent on Justlife services. Points can be accumulated by uploading digital receipts through the Blue app within three days of purchase. These points can be redeemed for a wide range of rewards within the Al-Futtaim ecosystem and beyond. Furthermore, Blue members will also enjoy AED 140 off across four Justlife services in the UAE. Details about the specific services included in this offer, validity dates, and the required promo code are now available on the Blue Rewards app. Commenting on the announcement, Dany Karam, Chief Marketing and Partnerships Officer at Al-Futtaim Blue, said: 'We are excited to partner with Justlife to offer our Blue members enhanced value and convenience. This partnership is a testament to Al-Futtaim's ongoing efforts to enrich our customers' lives through innovative solutions and meaningful rewards. By combining the power of Blue with 'Justlife's' top-tier services, we're delivering a seamless and rewarding experience that simplifies everyday life for our members across the UAE and other markets.' Meanwhile, Baris Kocdur, VP of Marketing at Justlife, said: 'At Justlife, our mission is to simplify daily life for our customers. Partnering with Al-Futtaim Blue elevates this mission, unlocking seamless convenience and exceptional rewards for more people across the UAE. Together, we're making life simpler—and more rewarding—one service at a time.' As part of its ongoing digital transformation strategy, Al-Futtaim is committed to leveraging technology and partnerships to enhance customer experiences. The strategic alliance with Justlife exemplifies this approach, offering members a convenient digital gateway to essential everyday services. Blue offers free membership and a wide range of benefits, including 2 for 1 offers, discounts, point accumulation, and cashback across diverse sectors. By combining their strengths, Blue and Justlife are empowering customers in the UAE to boost value, enjoy exclusive offers, and simplify their daily lives. About Al-Futtaim: Established in the 1930s as a trading business, Al-Futtaim today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United Arab Emirates. Structured into five operating divisions; automotive, financial services, real estate, retail, and health; employing more than 33,000 employees across more than 20 countries in the Middle East, Asia, and Africa, we partner with over 200 of the world's most admired and innovative brands. Al-Futtaim's entrepreneurship and relentless customer focus enable the organisation to continue to grow and expand, responding to the changing needs of our customers within the societies in which we operate. By upholding our values of respect, excellence, collaboration, and integrity, Al-Futtaim Group continues to enrich the lives and aspirations of our customers every day. About Blue: Blue is Al-Futtaim's lifestyle platform that redefines how customers engage with their favourite brands. Operating across nine countries – UAE, KSA, Qatar, Kuwait, Bahrain, Oman, Egypt, Malaysia, and Singapore – Blue connects millions of members with diversified offers tailored to their needs. With a growing ecosystem spanning retail, automotive, dining, leisure, entertainment, wellness and more, Blue delivers a seamless blend of rewards, convenience, and innovation. Now powered by Blue AI, a cutting-edge lifestyle advisor and customer engagement feature, the platform offers personalized guidance, tailored recommendations, and one-click solutions to enhance everyday experiences. Whether discovering exclusive offers, enjoying instant product suggestions, or unlocking unique shopping experiences, Blue transforms life's moments into smarter, more meaningful connections with the brands you love. For more information, download Blue today. About Justlife: Justlife is the region's leading on-demand home services platform, designed to simplify everyday living by connecting customers with trusted, high-quality service professionals. Through its website and mobile application, Justlife enables users to book a wide range of services — including home cleaning, salon and spa at home, healthcare, maintenance, and more — in under a minute. Founded in 2015 with a mission to give people back their time, Justlife ensures seamless experiences through prompt customer support, trained and certified professionals, and consistently high service standards. With a focus on convenience, reliability, and quality, Justlife continues to change the way the region experiences home services — one service at a time.
