Majid Al Futtaim Sees 188% Rise in Online Sales

The transcript discusses the significant growth in online sales, with a 188% increase in 2020, and the expectation to double this in 2021. It highlights the impact of the pandemic on profitability and the anticipated recovery with vaccine rollouts. Rent negotiations and retail partnerships are explored, with a focus on new mall openings. The transcript also provides insights into the markets of Egypt and Saudi Arabia, noting increased investment and consumer sentiment.

What percentage increase in online sales did the company experience in 2020?

• 188%

• 150%

• 200%

• 250%

What is the company's goal for online sales performance in 2021?

• Maintain current levels

• Double the performance

• Triple the performance

• Reduce by half

What type of recovery is the company expecting in 2021?

• V-shaped

• L-shaped

• U-shaped

• W-shaped

What measures did the company take during the lockdowns to support tenants?

• Increased rents

• Rent relief programs

• Closed all malls

• Offered loans

Which new mall is set to open between Sharjah and Dubai?

• City Center

• Mall of Arabia

• Mall of the Emirates

• Dubai Mall

What is the outlook for the market in Saudi Arabia according to the IMF report?

• Cautiously optimistic

• Neutral

• Pessimistic

• Very negative

How has consumer sentiment in Saudi Arabia's cinema business changed post-pandemic?

• Increased

• Decreased significantly

• Remained the same

• Disappeared