Majid Al Futtaim Reports 2.5B Dirhams Profit
Majid Al Futtaim achieved record profits of AED 2.5 billion during the first half of 2026, reflecting an 11% growth compared to the same period last year. Additionally, net operating profits increased by 25% to reach AED 1.8 billion, while revenues saw a modest rise of 1% to AED 17.5 billion. This performance underscores the strength of the group's diversified and integrated model, which includes real estate development projects, shopping centers, entertainment venues, and digital businesses, despite regional challenges. The company maintained a strong financial position with assets valued at AED 73 billion, a 4% increase, solid cash liquidity, and a well-balanced debt management with liabilities reaching AED 13.2 billion. These results confirm ongoing growth and investment prospects for the future, despite regional tensions and their impact on the business environment.
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