Press Releases

Majid Al Futtaim Logo Trading Statement image

Majid Al Futtaim Announces 2020 Full Year Financial Results

Key Highlights:

  • - Reported a decrease in revenue to AED32.6 billion and a decrease in EBITDA to AED3.8 billion
  • - Majid Al Futtaim Retail recorded 188% increase in online sales and continued its expansion with entry to Uzbekistan
  • - Accelerated digital transformation with launch of new online platforms including Carrefour’s Marketplace, Trends at Your Doorstep, Click & Collect and Mobile Scan & Go
  • - Launched Circular Economy Strategy reinforcing commitment to sustainable development
  • - Reduced leverage by AED0.4 billion ending Net Debt at AED12.4 billion
  • - Maintained ‘BBB’ credit rating from Standard & Poor’s and Fitch Ratings

24 Feb 2021
VOX Sensory Friendly Screenings PRL

VOX Cinemas launches Sensory Friendly Screenings in partnership with Dubai Autism Center

Unique cinema experience has been designed to make moviegoing more inclusive and accessible for children with sensory sensitivities
Sensory Friendly Screenings marks the latest innovation from VOX Cinemas, which launched Snow Cinema in December, and will also be rolled out across Saudi Arabia and Egypt

 

23 Feb 2021
Majid Al Futtaim Logo Trading Statement image

Majid Al Futtaim Launches Carrefour in Uzbekistan

New opening marks another major milestone in the brand’s regional expansion

22 Dec 2020

Latest Blog Posts

How to strengthen the UAEs retail sector

How to strengthen the UAE's retail sector

Retail is critical to the economy of the UAE. In Dubai, for example, it makes up just over a quarter of our gross domestic product. Harking back to our long history of trading and our mercantile spirit, you could say that retail is in the country's DNA.

04 Feb 2021
Why succeeding in the post-COVID era means reassessing corporate risk

Why succeeding in the post-COVID era means reassessing corporate risk

• A more agile approach to risk management is needed post-COVID.

• Annual risk assessment should make way for continual 'horizon-scanning' for possible business threats.

• This level of preparedness and planning should permeate entire company cultures.

 

25 Jan 2021
Will stakeholder capitalism continue to thrive after COVID-19 vaccines are rolled out

Will stakeholder capitalism continue to thrive after COVID-19 vaccines are rolled out?

This year’s Davos Agenda centres on the urgent task of rebuilding trust to deliver a more inclusive, cohesive and sustainable future. But with the inspiring global vaccine effort signalling an end to the pandemic, is there a danger that we – as a global business community – could revert to business as usual?

14 Jan 2021
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Tracy Faulkner

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Mitali Atal

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