Majid Al Futtaim H1 Revenues Hit USD 4.27 bn

Majid Al Futtaim H1 Revenues Hit USD 4.27 bn

Majid Al Futtaim, a leading shopping mall, communities, retail and leisure pioneer, announces continued financial growth throughout its business during the first six months of the year, Invest-Gate reports.

The overall group revenue expanded by 4% to AED 15.7 bn (USD 4.27 bn) and EBITDA increased by 4% to AED 2 bn (USD 544.51 mn) during the period, the company says.

Alain Bejjani, CEO of Majid Al Futtaim Holding, says, “Majid Al Futtaim continued demonstrating strength and resilience against a backdrop of regional economic challenges.”

Menna A. Farouk 368 Posts

Menna A. Farouk is a Cairo-based reporter. She has contributed to several international news organizations, including Deutsche Welle, Al-Monitor and Global Voices.

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