Dubai, UAE, November 21 2016

Majid Al Futtaim Finance, the dedicated financial arm of Majid Al Futtaim and a leading financial solutions provider, has launched a new first-of-its-kind program specifically for enterprise customers conveniently titled Corporate. Combining a premium credit card with an online travel booking tool and expense management system, Corporate transforms the way businesses manage their T&E (Travel and Entertainment) processes.

Increasing efficiency while reducing costs, Corporate brings tangible savings to enterprises while providing an effortless way of managing T&E for card holders. It does this by replacing time consuming and convoluted processes with intuitive cloud-based technology that can be accessed from desktop, tablet or mobile.

The Corporate program provides businesses with a simpler, faster, and smarter solution for T&E expense management and can deliver an estimated average of 25% savings on costs. Reducing time spent on expense reconciliation, Corporate also minimises human error margins and out-of-policy transactions thanks to online automation, an intuitive mobile app and on-the-go receipt capture.

Rasool Hujair, CEO of Majid Al Futtaim Finance, commented on the launch: “We are excited to bring Corporate to the market, as we are bridging T&E expense management processes with a premium credit card for a drastic improvement in processes, savings and experience. Corporate matches the dynamic requirements of modern businesses with a product that will ultimately save time, money and effort in a way that directly impacts the bottom line. At Majid Al Futtaim Finance, we work towards providing efficient, smart solutions for businesses and consumers and this program epitomises that by offering a fully digital experience that revolutionises how companies manage and control their corporate travel and expense programs.” 

Corporate gives granular visibility into T&E expense programs and is the first to introduce online payment controls, a unique tool which enables complete control of where and how much card holders can spend with their Corporate credit card. Additionally, with travel, expense and credit card data all integrated into a single view, companies can instantly generate smart reports and discover where they can create more savings.

Other features of Corporate include;

  • An online dashboard through which end-to-end travel bookings can be made quickly and effortlessly

  • Instant, online and on-the-go submission and management approval of travel itineraries and expense reports

  • Card holder access to over 650 airport lounges worldwide, complementary travel insurance, VAT recovery, global emergency assistance and discounts at select Majid Al Futtaim partners

In keeping with Majid Al Futtaim’s vision of creating great moments for everyone everyday, Corporate complements that and reinforces Majid Al Futtaim Finance’s strategy to put the customer at the centre of everything they do, ensuring the creation of effortless and enriching products. Additional products include the Voyager by Najm card program, part credit card and part travel portal designed specifically for travel enthusiasts; and Premogiftcards.com, a secure online platform to customize and send gift cards. Majid Al Futtaim Finance also offers the Najm suite of cards and prepaid cards.

-Ends-

For more information about Corporate, please visit:
Website: www.corporate.maffinance.com  
Email address: corporatecard@maf.co.ae
Tel:  (+971) 600 569 009

Media Contact:
Lara Batato 
lbatato@webershandwick.com 
+971 445 4222

The legal name of this company is “Majid Al Futtaim” and should not be shortened or replaced by an acronym to avoid confusion with another business entity.

Disclaimer: All facts and figures in this release are accurate at the time of issuance.  

About Majid Al Futtaim Finance LLC
Majid Al Futtaim Finance LLC is a 100% owned subsidiary of Majid Al Futtaim Ventures. The objective of this venture is to fulfil our vision of becoming the consumer’s credit card and prepaid card of choice. Majid Al Futtaim Finance LLC currently issues VISA credit cards and prepaid cards in the UAE and has plans to expand across the Middle East & North Africa.

About Majid Al Futtaim 
Founded in 1992, Majid Al Futtaim is the leading shopping mall, retail and leisure pioneer across the Middle East and North Africa (MENA).

A remarkable business success story, Majid Al Futtaim started from one man’s vision to transform the face of shopping, entertainment and leisure to ‘create great moments for everyone, every day’. It has since grown into one of the United Arab Emirates’ most respected and successful businesses spanning 15 international markets, employing more than 33,000 people, and achieving the highest credit rating (BBB) among privately-held corporates in the Middle East.

Majid Al Futtaim owns and operates 20 shopping malls, 12 hotels and three mixed-use communities, with further developments underway in the region. The shopping malls portfolio includes Mall of the Emirates, City Centre malls and My City Centre neighbourhood centres, and also four community malls which are in joint venture with the Government of Sharjah. The Company holds exclusive rights to the Carrefour franchise in 38 markets across Middle East, Africa and Central Asia, and operates a portfolio of more than 160 outlets in 15 countries.

Majid Al Futtaim operates 194 VOX Cinema screens and 26 Magic Planet family entertainment centres across the region, in addition to iconic leisure and entertainment facilities such as Ski Dubai and iFly Dubai, among others. The Company is parent to the consumer finance company issuing 'Najm' and ‘Voyager’ credit cards, a fashion retail business representing international brands such as Abercrombie & Fitch, AllSaints and lululemon athletica, and a healthcare business that operates City Centre Clinics. In addition, Majid Al Futtaim operates Enova, a facility management company, through a joint venture operation with Veolia, a global leader in optimised environment resource management. The Company also owns the rights to The LEGO Store in the Middle East and operates in the food and beverage industry through a partnership with Gourmet Gulf.

www.majidalfuttaim.com 

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© Press Release 2016