Middle Eastern tycoon Al-Futtaim Group participates in BYD's additional offering

The Al-Futtaim Group, a wealthy family in the Middle East, participated in BYD's additional issuance subscription. The group was founded in 1930 and is headquartered in Dubai, UAE. Its business covers automobiles, finance, real estate, retail and other fields. According to Forbes Middle East's 2024 wealth ranking, the Al-Futtaim family ranks second among the richest people in the Middle East with assets of US$26 billion.