Google+ Followers

Wednesday, 1 February 2017

MAF makes expansion plans as earnings rise by 8 per cent | The National

MAF makes expansion plans as earnings rise by 8 per cent | The National:

"Majid Al Futtaim (MAF), the conglomerate behind Mall of the Emirates, is forging ahead with expansion plans after registering an 8 per cent increase in earnings last year thanks to broad-based growth. Earnings before interest, taxes, depreciation, and amortization (Ebitda) rose to Dh4.1 billion, while revenue grew 9 per cent to Dh29.9bn, the group said in a statement yesterday. MAF, which operates 20 malls, attributed revenue growth to the opening of new hypermarkets, supermarkets and family entertainment centres across the company’s geographic reach."



'via Blog this'