FINANCIAL NEWS

Majid Al Futtaim records USD4.13bn revenue

03 Aug 2016

(MENAFN) Majid Al Futtaim proclaimed an increase in its revenue of 11 percent to USD4.13bn in the first half of this year, compared to USD3.73bn in 2015.

Moreover, the firm maintained its strong balance sheet with whole assets worth Dh52bn and a net debt of almost Dh10bn.

Accordingly, the company also received another period of growth amid the first half of this year in order to rise bar when it comes to customer experience.

The firm entered into sub-Saharan Africa and Kazakhstan via Carrefour and has increased its leisure, entertainment and fashion businesses across markets.

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