Majid Al Futtaim Holding LLC, the leading shopping mall, retail and leisure pioneer across the Middle East and North Africa, released today its trading results for the full year ended 31 December 2011, announcing the best performance of its business operations since the group was founded in 1992.
The company’s revenues reached AED 18.7 billion, a 10% increase on 2010, at the same time its EBITDA from recurring operations grew by 18% year-on-year to reach over AED 2.7 billion.
Majid Al Futtaim Holding continues to maintain a strong balance sheet with total assets valued at over AED 35 billion and a net debt of around AED 7.5 billion. An investment-grade rating of BBB was assigned by both Standard and Poor’s and Fitch Ratings, which is the highest credit rating assigned to any privately held corporate in the Middle East.
No comments:
Post a Comment