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Dubai's Majid Al Futtaim records USD6.8b revenues in 2014
(MENAFN) Majid Al Futtaim, Dubai's shopping mall operator, recorded group revenue of about USD6.8 billion, marking an 11 percent increase over the same corresponding period of 2013, Arabian Business reported.
In addition, the firm's EBITDA marked a similar increase by 10 percent, hitting USD979.98 million. Presently, the company aims at doubling the volume if its businesses in the period between 2015 and 2020, according to its CEO.
"The company's financial strength and operational expansion in our home market of the UAE, as well as across the wider Middle East and North Africa, has delivered strong financial performance across all areas of the business." The CEO added in the statement.
In addition, the firm's EBITDA marked a similar increase by 10 percent, hitting USD979.98 million. Presently, the company aims at doubling the volume if its businesses in the period between 2015 and 2020, according to its CEO.
"The company's financial strength and operational expansion in our home market of the UAE, as well as across the wider Middle East and North Africa, has delivered strong financial performance across all areas of the business." The CEO added in the statement.
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