Founded by Majid Al Futtaim, MAF Holding based in UAE, owns, develops and operates some of the largest shopping centers and hypermarkets, leisure and entertainment facilities, hotels and resorts in the region. It operates through four major subsidiaries: MAF PropertiesMAF Properties, MAF TrustMAF Trust, MAF HypermarketsMAF Hypermarkets and MAF VenturesMAF Ventures. MAF Holdings is active in a number of markets throughout the Middle East and North Africa, including the UAE, Egypt, Bahrain, Lebanon, Oman, Saudi Arabia and Qatar.

MAF PropertiesMAF Properties focused on the development of shopping malls, hotels and mixed-use community projects across the Arab region. MAF PropertiesMAF Properties owns Mall of the EmiratesMall of the Emirates, via MAF Shopping Malls, which has a total size of 603,900 square meters (6.5 million square feet) and Deira City CentreDeira City Centre with 189,000 square meters (2 million square feet) in Dubai. Through MAF Hospitality, MAF PropertiesMAF Properties has set an alliance with Accor and Kempinski Hotel in the UAE to operate in its Malls.

MAF HypermarketsMAF Hypermarkets partnered with French-based retail giant Carrefour, to introduce the Carrefour Hypermarket chain to the Middle East, in 1995.

MAF VenturesMAF Ventures undertakes joint ventures and partnerships with international business alliances. One subsidiary of MAF VenturesMAF Ventures, MAF Dalkia Middle East, was set up as a joint venture in 2002 with EDF and Veolia, is an operator of district heating and cooling in major industrial and commercial buildings such as shopping centers, offices, leisure complexes, hotels, hospitals, universities, airports, residential and public buildings. MAF Dalkia Middle East has also been commissioned to design and manage an energy system for Mall of the EmiratesMall of the Emirates. Another subsidiary of MAF VenturesMAF Ventures, MAF Greater Union, was set up as a joint venture with the Australian international cinema, entertainment and leisure group Greater Union to operate the Cinestar chain of cinemas that are located in different malls across the UAE including Deira City CentreDeira City Centre and the Abu Dhabi Marina MallAbu Dhabi Marina Mall.

MAF TrustMAF Trust provides services in management of proprietary funds that invest in domestic and international markets.

MAF Holding is continuing its expansion through its subsidiaries with mega projects in the region that include the OMR 386,9 million (USD1 billion) Wave MuscatWave Muscat project, which is a tourism and seafront residential development project in Oman that will occupy a beach front of more than seven kilometers (22,965.8 feet), across a total area of more than 200 hectares (21,527,820.8 square foot). Upon completion, the development will include a marina, a yacht club, an 18-hole golf course, hotels and resorts, a retail center and a residential facility.

MAF Holding has developed the Bahrain City CenterBahrain City Center which was completed in September 2008, on a 140,000 square meter (1.4 million square foot) plot, provides over 300 stores, two multi-level international department stores and the largest indoor water park in the region. MAF Holding has announced plans to invest an initial AED3,674 million (USD1 billion) to build Syria's largest ever mixed-use development known as 'New Damascus' first stage is expected to be completed by 2012.