Wikipedia

Majestic International

Majestic International Company is a multinational organization founded in 1981 in the United Arab Emirates, uniting a dozen of firms from retail, logistics, construction, etc. industries.

Majestic International Company
Company typeLimited Liability Company
Founded1981
Area served
Saudi Arabia Offices (Riyadh, Jeddah, Khobar)

United Arab Emirates Office (Dubai)

USA Office (New York)
Key people
Mohammad Mabrouk (CEO)
Number of employees
over 1500
Websitehttps://www.majesticint.us/

History

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The company was founded in 1981 by a consortium of American investors. In the early 1990s, Majestic International expanded its market to the United States.[1] The name Majestic comes from the group of companies owned by the same investors.[2] Majestic is a group of companies having the same name, practicing business in 14 different sectors and running its business around the world.[3][4]

The company expanded its operations to the Kingdom of Saudi Arabia (KSA) and the United Arab Emirates (UAE), with offices located in New York City, Riyadh, Jeddah, Khobar, and Dubai.[5][6] Majestic International focuses on providing logistics technologies.

In 2012, Majestic International Company established a LEED-certified facility.[7]

In 2019, Mohammad Mabrouk appointed CEO position in Majestic International Company.[8]

In 2023, the company was certified by Great Place To Work.[9]

Divisions

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Majestic Group of companies consists of dozen of firms.

Majestic Athletic

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Majestic Athletic, an official U.S. sports team apparel retailer, offers a wide range of MLB merchandise, including Cool Base Jerseys, Flex Base Jerseys, T-shirts, and sweatshirts.[10][11] It was initially a subsidiary of VF Imagewear Inc.[12]

Majestic Steel

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Majestic Steel is Cleveland-based steel company which specializes in the steel supply chain, offering inventory management, processing, and distribution for over 3,000 clients. Majestic Steel has over 250 employees steel stocks exceeding 200 million pound.[13] In 2023, Majestic Steel has acquired Georgia's Quicken Steel and California's Mercury Transport, enhancing its growth strategy and market reach.[14] Earlier Majestic Steel bought west Coast-based service centre chain Merit Steel USA.[15][16]

In 2023, Majestic Steel USA expanded its operations with the addition of a new state-of-the-art facility in Hickman, Arkansas, enhancing its material handling capabilities with advanced equipment such as custom telescopic coil grabs from The Caldwell Group. This strategic development is part of the company's commitment to providing comprehensive supply chain solutions to its customers across the southern United States. The Hickman facility, poised to support the company's growth, is equipped to process a wide range of steel products, catering to various markets including construction, HVAC, and transportation.[17]

In 2023, Majestic Steel secured a $287.5 million 3-year Senior Secured Credit Facility from White Oak finalized the deal.[18][19]

In 2021, Majestic Steel USA announced the establishment of a new service center and processing plant on Nucor Steel's Blytheville campus, aiming to create 225 jobs and optimize cost efficiency through direct steel processing from the mill.[20][21]

In 2017, Majestic Steel Properties, linked Majestic Steel, faced a lawsuit by Brown Harris Stevens Miami for allegedly reneging on a real estate commission. The brokerage claims it secured a buyer for one of Majestic Steel Properties' luxury condos in South Beach, with an agreed 6% commission on a $12 million sale. Despite a buyer's deposit and a purchase agreement, the sale did not finalize, and Brown Harris Stevens alleges Majestic Steel Properties withheld their $540,000 commission.[22]

Majestic Marine Engineering

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Founded in the 1980s in the UAE, Majestic Marine Engineering LLC is a specialized company with a workforce of 300, providing complete marina construction services and marine contracting, including pontoons and various marine civil works. In 2018, Nakheel, a Dubai-based developer, started investing AED 15 million in the construction of two new marinas on Palm Jumeirah.[23] These additions are set to increase the island's boat mooring capacity to a total of 600 berths. Majestic Marine Engineering has been commissioned to construct the marinas, with Applied Technology and Management Inc. serving as the project consultant.[24]

References

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  1. ^ Index of Trademarks Issued from the United States Patent and Trademark Office. The Office. 1986.
  2. ^ "List of security guard service in Saudi Arabia". FastBase. Retrieved 2024-01-18.
  3. ^ تحديث, KhowlA اخر (2023-03-08). "وظائف استقبال شاغرة توفرها شركة ماجستيك الدولية بالرياض". وظائف اليوم (in Arabic). Retrieved 2024-01-18.
  4. ^ "LEED Certifications: A Deep Dive into Modern Green Building Practices". UGREEN. 2023-08-08. Retrieved 2023-12-18.
  5. ^ "MAJESTIC INTERNATIONAL LTD". Gov.uk. Retrieved 2024-01-18.
  6. ^ "Majestic International Company is a company in Riyadh". arriyadh24.com. Retrieved 2024-01-18.
  7. ^ "Majestic International". UNDR for Men. Retrieved 2024-01-19.
  8. ^ "الحرب بلا روادع: طائرات ومدفعية وإرهابيون في الخرطوم" (PDF). alarab.co.uk. pp. 2–3.
  9. ^ "Majestic International". Great Place to Work. Retrieved 2024-01-18.
  10. ^ Bartkowiak, Mathew J.; Kiuchi, Yuya (2014-01-10). Packaging Baseball: How Marketing Embellishes the Cultural Experience. McFarland. ISBN 978-0-7864-9251-0.
  11. ^ Masteralexis, Lisa Pike; Hums, Mary (2023-06-15). Principles and Practice of Sport Management. Jones & Bartlett Learning. ISBN 978-1-284-29536-8.
  12. ^ Plunkett, Jack W. (2007). Plunkett's Sports Industry Almanac: Sports Industry Market Research, Statistics, Trends & Leading Companies. Plunkett Research, Ltd. ISBN 978-1-59392-089-0.
  13. ^ Steel Demand Softening, Majestic CEO Says, 2022-07-25, retrieved 2024-01-24
  14. ^ "Majestic Steel acquires steel buildings manufacturer Quicken Steel - EUROMETAL". 2022-07-20. Retrieved 2024-01-24.
  15. ^ "Majestic Steel USA Inc. Acquires Merit Steel USA | 2021-08-20 | ACHR News". www.achrnews.com. Retrieved 2024-01-24.
  16. ^ "Steel Times International Digital August 2022 by Quartz Business Media - Issuu". issuu.com. 2022-08-22. Retrieved 2024-01-24.
  17. ^ Annie, Wegger (8 June 2023). "MAJESTIC STEEL INVESTS IN EQUIPMENT FOR NEW FLAGSHIP LOCATION". Cranes Today.
  18. ^ "White Oak ABL and White Oak Commercial Finance Provide $287.5 Million Credit Facility to Majestic Steel USA, Distributor and Provider of Flat-Rolled Steel Products". Yahoo Finance. 2023-07-11. Retrieved 2024-01-24.
  19. ^ "Majestic Steel USA Archives". ABFJournal. Retrieved 2024-01-24.
  20. ^ "US Steel Picks Northeast Arkansas for $3B Mill". Arkansas Business Publishing Group. 2022-01-11. Retrieved 2024-01-24.
  21. ^ Stevens, Monae (2021-08-31). "Majestic Steel USA coming to Blytheville". KAIT. Retrieved 2024-01-24.
  22. ^ Alvarado, Francisco (2017-02-02). "Brown Harris Stevens | Majestic Steel Properties". The Real Deal. Retrieved 2024-01-24.
  23. ^ "Nakheel invests $4m to grow Palm Jumeirah marina capacity". Arabian Business. 16 August 2018.
  24. ^ Neha, Bhatia (5 August 2018). "Dubai's Nakheel to develop $4m marinas at Palm Jumeirah". Construction Week Online.
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