Dubai committee to weigh in on Emirati billionaire’s estate

A special judicial committee has been appointed to weigh in on potential legal disputes over the estate of Emirati billionaire Majid Al Futtaim, seen by many as a key pillar of Dubai's tourism and economic growth. Al Futtaim, whose eponymous company operates more than two dozen malls across the region, rose from working as a bank clerk to creating a $16 billion dollar business empire. The Financial Times first reported over the weekend that Dubai’s ruler had appointed the committee amid reports of discord among his 10 heirs.

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