Majid Al Futtaim’s first-half revenues jump to $4.9bn despite market hurdles

Follow-ups -eshrag News:

Wed, 2022-08-24 13:19

Leading shopping malls owner Majid Al Futtaim’s first-half earnings surged on the back of a 15 percent revenue jump, according to a statement.

This meant the firm pulled in 18 billion dirhams ($4.9 billion) in revenue.

With operations across the Middle East, Africa, and Central Asia, the Dubai-based group reported 73 percent higher sales from digital grocery retailing and strong performance across hotels, shopping malls, and communities.

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