Majid Al Futtaim partners with First Abu Dhabi Bank to launch credit card

By Leandra Monteiro

Majid Al Futtaim, a shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, partnered with First Abu Dhabi Bank (FAB) to launch a credit card under the SHARE portfolio – The FAB SHARE Credit Card.

The FAB SHARE Credit Card will allow SHARE members to earn up to 8.25% value back in SHARE points on their spend. This means that the FAB SHARE Credit Card will not only let SHARE members earn the highest value back in SHARE points, it will also enable them to earn on all their spend anywhere in the UAE and worldwide, which expands the earn ecosystem to beyond Majid Al Futtaim malls, stores and experiences. SHARE members will then be able to use these points to spend on their shopping, groceries, dining, leisure and much more in 3,500 stores and experiences at Mall of the Emirates and all City Centres across the UAE. Furthermore, the FAB SHARE Credit Card also provides its customers with unlimited SHARE points earn on every AED they spend across a variety of experiences including:

• Up to 8.25% value back in SHARE points on spend at VOX Cinemas, Ski Dubai, Magic Planet, Dreamscape, iFly Dubai and Little Explorers.
• Up to 7% value back in SHARE points on spend at Carrefour.
• Up to 6.25% value back in SHARE points on spend at Mall of the
• Emirates and City Centres across the UAE.
• Up to 2.75% value back in SHARE points on international spend, other retail and online shopping.

Charles Awad, Chief Customer Officer at Majid Al Futtaim – Holding, said, With three million members now enjoying our SHARE benefits, the launch of the FAB SHARE Credit Card signals the start of an exciting new chapter for SHARE and its members. By partnering with FAB, an industry-leading bank, we are proud to be offering our customers the highest value back across all of their spend; unlimited, anywhere in the UAE and worldwide. Our aim, in line with our company vision, is to give people across the region, more great moments every day to enjoy across our entertainment venues and shopping destinations. Over the coming months, we look forward to delighting our customers even more by introducing new experiences and rewards”.

Futoon AlMazrouei, Group Head of Consumer Banking UAE at FAB, said, “We are excited to work with one of the UAE’s leading retail groups to bring this unique credit card proposition to FAB and Majid Al Futtaim customers. The exceptional offering of uncapped Majid Al Futtaim SHARE points and rewards will give cardholders unrivalled benefits across some of the UAE’s leading retail and leisure brands, from groceries to cinema tickets, creating extra value with everyday spending. FAB is also offering added peace of mind by integrating first-in-UAE biometric security features for safer, faster transactions, in line with our commitment to driving innovation and providing customer-first products and services.”

Salima Gutieva, Visa’s Vice President and Country Manager for UAE, said, “We are always designing exceptional offers with our partners to ensure Visa cardholders have access to exclusive benefits that enrich their shopping and lifestyle experience. We are therefore delighted to partner with Majid Al Futtaim and First Abu Dhabi Bank to launch the FAB SHARE credit card which offers UAE consumers the unique experiences they seek. The cards are contactless, enabled for quick, easy and secure in-store payments, and, for travellers, it promises the peace of mind of worldwide acceptance at our more than 100 million merchant partner locations.”