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Majid Al Futtaim posts 10pct jump in revenues

Posted on 24 January 2012

Majid Al Futtaim Holding on Monday announced 10 per cent year-on-year increase in revenues and indicated expansion in both existing and new markets during 2012. The leading shopping mall, retail and leisure pioneer across the Middle East and North Africa (MENA), said the company has strong liquidity and waiting for right time to go for Islamic or conventional bond.
Revenues reached Dh18.7 billion in 2011, at the same time its Earnings before Interest, Taxes Depreciation and Amortization (EBITDA) from recurring operations grew by 18 per cent year-on-year to reach over Dh2.7 billion, according to the company………………………………………..Full Article: Source

 
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Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


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