The Dubai-based behemoth Majid Al Futtaim Group has revealed a 15 per cent increase in its revenue along with an 18 per cent increase in EBITDA.
These numbers are in comparison to the first half of last year as the company, one of the largest diversified business houses in the region with interests in shopping malls, communities, retail and leisure sectors moves on from an entirely forgettable 2020.
“A strong, customer-focused strategy supported by unrivalled data and analytics capabilities has enabled Majid Al Futtaim to deliver sustained growth through H1 2022,” said Alain Bejjani, Chief Executive Officer of Majid Al Futtaim Holding. Our efforts have been further amplified by MENA’s steady progress in moving beyond post-pandemic recovery as we collectively turn our efforts toward economic expansion and regional prosperity. The growth delivered in the first half of the year is encouraging. While our region is not immune to building global inflation and supply chain pressures, Majid Al Futtaim remains optimistic towards the broader economic outlook.”
