Majid Al Futtaim CEO: Egypt Continues to Be Growth Market

The transcript discusses the resilience and growth of markets in Egypt and Saudi Arabia, despite macroeconomic challenges. It highlights consumer behavior changes, the expansion of cinema screens in Saudi Arabia, and growth strategies in Egypt and Dubai. The focus on digital transformation and future investment plans is also emphasized.

What is the fastest growing market mentioned by the CEO?

• Saudi Arabia

• Egypt

• UAE

• Kuwait

How many cinema screens does the company plan to have in Saudi Arabia by the end of the year?

• 110 to 120

• 200

• 65

• 150 to 160

What is the expected investment in Saudi Arabia over the next 12 months?

• 500 million

• 3 billion

• 1 to 1.5 billion

• 2 to 2.5 billion

What is the main challenge facing the Dubai market according to the CEO?

• Low consumer confidence

• Oversupply of malls

• Lack of tourism

• High taxes

What is the anticipated impact of Expo 2020 on Dubai?

• Reduction in mall construction

• No significant impact

• Increase in spending and tourism

• Decrease in tourism

What percentage of cinema tickets are sold online in Saudi Arabia?

• 30%

• 100%

• 50%

• 60%

What is the company's strategy regarding digital presence?

• Focus solely on physical stores

• Be as prominent digitally as physically

• Reduce digital investments

• Only invest in digital for cinemas