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FINANCIAL NEWS
Majid Al Futtaim Holding revenues hit USD3 Billion
27 Jul 2013
(MENAFN) In the first half of 2013, Majid Al Futtaim Holding LLC (MAF) posted revenues of USD3 billion, Gulf News reported.
The company�s revenues jumped 10 percent compared to data for the same period the previous year.
MAF CEO, Iyad Malas, said, �First half 2013 displayed another period of strong growth for us and even more importantly it happened on the back of a strong first half 2012.�
MAF currently operates in three markets with three successful businesses: MAF Retail, MAF Ventures and MAF Properties. MAF Properties and MAF Ventures revenues went up by 13 percent hitting USD462 million and USD114 million respectively. With the highest revenue, MAF retail reached USD2.5 billion. �Diversification across business segments and geographies led to solid broad-based operating performance,� said Iyad Malas.
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