Majid Al Futtaim CEO: Retail Growth in Saudi Arabia

The transcript discusses the company's growth in revenue and profitability, despite currency devaluations. It highlights cost management strategies, including job cuts, and focuses on the thriving residential market in Dubai. The discussion extends to mall operations, tenant dynamics, and investment strategies in Saudi Arabia. The impact of currency devaluation on the Egyptian market is also covered, emphasizing the company's long-term commitment to growth in various regions.

What was the percentage growth in EBITDA reported by the company?

• 10%

• 13%

• 5%

• 15%

What is the value of the significant project the company is working on in Dubai?

• $2 billion

• $3 billion

• $4 billion

• $5 billion

What sector in Dubai is described as thriving with robust demand?

• Industrial

• Commercial

• Retail

• Residential

Which shopping destination is noted for increased footfall and tenant sales?

• Ibn Battuta Mall

• Mall of the Emirates

• Dubai Mall

• City Centre Deira

What is the company's approach to investments in Saudi Arabia?

• Focusing on sustainable long-term growth

• Exiting the market

• Pausing all investments

• Investing only in retail

Which market is the company celebrating its twenty-year anniversary in?

• Pakistan

• UAE

• Saudi Arabia

• Egypt

What is the company's strategy for dealing with currency devaluations?

• Reallocating capital

• Exiting affected markets

• Increasing prices

• Focusing on constant currency growth