{"id":9022,"date":"2016-03-24T21:02:38","date_gmt":"2016-03-24T14:02:38","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=9022"},"modified":"2016-03-24T18:23:36","modified_gmt":"2016-03-24T11:23:36","slug":"majid-al-futtaim-properties-reports-healthy-profit-increase","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/majid-al-futtaim-properties-reports-healthy-profit-increase\/","title":{"rendered":"Majid Al Futtaim Properties reports healthy profit increase"},"content":{"rendered":"


\n
\nMajid Al Futtaim Properties, a unit of the Dubai-based diversified conglomerate Majid Al Futtaim, posted a 27 per cent increase in net profit last year thanks to net valuation gain on land and buildings, and lower finance costs.MAF Properties’ net profit attributable to equity holders rose to Dh3.5 billion last year from Dh2.7bn a year earlier, the company said in a statement on Nasdaq Dubai. Revenue increased 6 per cent to Dh4bn from Dh3.85bn a year earlier.
\nThe properties division’s net valuation gain on land and building reached Dh1.74bn last year compared with Dh1.2bn a year earlier. Net finance costs fell to Dh267 million last year from Dh314m a year earlier.Net reversal of impairment last year amounted to Dh57m versus impairment provision of Dh135m a year earlier.Parent company MAF posted a 6 per cent increase in earnings before interest, tax, depreciation and amortization (Ebitda) to Dh3.8 bn last year from Dh3.6bn in 2014 as the con\u00adglomerate continued to invest in Dubai and boosted its interests in Oman and Egypt. Group revenue grew 8 per cent to Dh27.3bn last year from Dh25bn a year earlier.
\nThe conglomerate said last year it planned to double in size within five years as it boosts investments across the Arabian Gulf and Egypt.The group, which operates Mall of the Emirates, plans to expand farther in Africa, with a focus on eastern and southern nations. MAF, which has exclusive rights to the Carrefour supermarket franchise in 38 markets across the Middle East, Africa and Central Asia, plans to establish its first outlet in Sub-Saharan Africa in Kenya this year.
\nMAF is bullish about Egypt, having announced last year its plan to increase investment in the North African country to 22.5bn Egyptian pounds (Dh9.28bn) from 18bn pounds.dalsaadi@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…Majid Al Futtaim Properties reports healthy profit increase<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Majid Al Futtaim Properties, a unit of the Dubai-based diversified conglomerate Majid Al Futtaim,...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-9022","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-2lw","jetpack-related-posts":[{"id":3305,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/properties-porfolio-drives-majid-al-futtaim-profit-as-it-eyes-african-expansion\/","url_meta":{"origin":9022,"position":0},"title":"Properties porfolio drives Majid Al Futtaim profit as it eyes African expansion","date":"February 1, 2016","format":false,"excerpt":"\r \r Majid Al Futtaim (Maf) posted a 6 per cent increase in earnings last year as the Dubai-based conglomerate continued to invest in Dubai and boosted its interests in Oman and Egypt, it said yesterday.Earnings before interest, tax, depreciation and amortisation (Ebitda) rose to Dh3.8 billion last year from\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":160438,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/majid-al-futtaim-reports-4-7bn-h1-2025-revenue-as-profit-jumps-23\/","url_meta":{"origin":9022,"position":1},"title":"Majid Al Futtaim reports $4.7bn H1 2025 revenue as profit jumps 23%","date":"September 3, 2025","format":false,"excerpt":"\r Majid Al Futtaim posted $4.7bn in H1 2025 revenue, with profit up 23 per cent as digital growth, real estate demand, and new investments drive momentum\r \r Source : arabianbusiness.com\r Read more...Majid Al Futtaim reports .7bn H1 2025 revenue as profit jumps 23%","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2025\/09\/Mall-of-the-Emirates-Dubai-03-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":25487,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/majid-al-futtaim-expands-into-egyptian-mixed-use-projects\/","url_meta":{"origin":9022,"position":2},"title":"Majid Al Futtaim expands into Egyptian mixed-use projects","date":"September 8, 2016","format":false,"excerpt":"\r Majid Al Futtaim plans to start mixed-use real estate development next year as it expands from its core retail activities.It is waiting to acquire land in the country, said Hawazen Esber, the chief executive of Majid Al Futtaim Communities, on the sidelines of Citiscape Global in Dubai.He declined to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":25203,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/majid-al-futtaim-counts-on-lebanese-buyers-at-waterfront-city-project-in-beirut\/","url_meta":{"origin":9022,"position":3},"title":"Majid Al Futtaim counts on Lebanese buyers at Waterfront City project in Beirut","date":"September 6, 2016","format":false,"excerpt":"\r Majid Al Futtaim is banking on ebanese buyers for its mixed-use project in Lebanon as foreign investor appetite cools amid regional instability. The Dubai retailer and developer is jointly developing the Waterfront City Business Park in Beirut with the Lebanese contractor Soci\u00e9t\u00e9 Joseph G Khoury et Fils Holding. When\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":128933,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/profit-surges-for-retail-giant-majid-al-futtaim-as-pandemic-restrictions-ease\/","url_meta":{"origin":9022,"position":4},"title":"Profit surges for retail giant Majid Al Futtaim as pandemic restrictions ease","date":"August 24, 2022","format":false,"excerpt":"\r The Dubai giant records 15 percent increase in revenue to AED18 billion for H1 2022, benefitting greatly as consumers flock to its malls, cinemas and hotels\r \r Source : arabianbusiness.com\r Read more...Profit surges for retail giant Majid Al Futtaim as pandemic restrictions ease","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2022\/08\/vhnFiDpD-mall-of-the-emirates-1.jpg?fit=960%2C641&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":162219,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-shopping-majid-al-futtaim-announces-new-ghaf-woods-mall-in-4-2bn-community\/","url_meta":{"origin":9022,"position":5},"title":"Dubai shopping: Majid Al Futtaim announces new Ghaf Woods Mall, in $4.2bn community","date":"October 6, 2025","format":false,"excerpt":"\r Majid Al Futtaim unveils $4.2bn Ghaf Woods Mall in Dubai, the region\u2019s first forest-integrated retail destination combining luxury and design The post Dubai shopping: Majid Al Futtaim announces new Ghaf Woods Mall, in $4.2bn community appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2025\/10\/Majid-Al-Futtaim-Ghaf-Woods-Mall-Dubai-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/9022"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=9022"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/9022\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=9022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=9022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=9022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}