{"id":18288,"date":"2022-08-24T13:50:17","date_gmt":"2022-08-24T13:50:17","guid":{"rendered":"https:\/\/www.meretailnews.com\/?p=18288"},"modified":"2022-08-24T13:52:27","modified_gmt":"2022-08-24T13:52:27","slug":"majid-al-futtaim-malls-see-aed14-4-billion-in-revenues-in-h1-2022","status":"publish","type":"post","link":"https:\/\/www.meretailnews.com\/2022\/08\/24\/majid-al-futtaim-malls-see-aed14-4-billion-in-revenues-in-h1-2022\/","title":{"rendered":"Majid Al Futtaim malls see AED14.4 billion in revenues in H1 2022"},"content":{"rendered":"
The group attributed the rise in revenue to growing footfall amid increased tourism, rises in consumers\u2019 purchasing power and relaxed restrictions following Covid-19 pandemic lockdowns.<\/p>\n Although the operator recorded a 9 per cent decrease in earnings before interest, taxes, depreciation and amortisation, its revenue from like-to-like sales rose by AED268 million.<\/p>\n \u201cA strong, customer-focused strategy supported by unrivalled data and analytics capabilities has enabled Majid Al Futtaim to deliver sustained growth through H1 2022,\u201d said Alain Bejjani, CEO of Majid Al Futtaim \u2013 Holding.<\/p>\n \u201cOur efforts have been further amplified by MENA\u2019s steady progress in moving beyond post-pandemic recovery as we collectively turn our efforts toward economic expansion and regional prosperity.<\/p>\n
\nMajid Al Futtaim, regional operator of shopping centres, has reported AED14.4 billion in retail<\/a> revenue for the first half of this year, marking a 9 per cent increase from the same period of last year.<\/p>\n