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FINANCIAL NEWS
UAE- MAF expects investments of USD1b in 2013
26 May 2013
(MENAFN) Majid Al Futtaim Holding (MAF) announced that it predicts its current year’s investments to hit USD1 billion, reported Arabian Business.
According to the CEO, Iyad Malas, the USD680 million paid to buy the remaining 25 percent of Carrefour isn’t included in the amount.
He also said that MAF is expected to continue posting growth, after the 10-percent sales increase posted during the first quarter of the year.
It’s worth noting that MAF’s sales were not affected by the region’s Arab Spring due to high consumption rates and continued investments.
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