Top 100 GCC Real Estate Developers: Majid Al Futtaim
The Alain Bejjani-led conglomerate recorded $4.9bn in revenues during H1 2019 despite tough market conditions
Alain Bejjani joined UAE conglomerate Majid Al Futtaim in 2006, and was named chief executive officer in February 2015.
Majid Al Futtaim recorded $4.9bn (AED17.9bn) in revenues during the first half of 2019, which according to the company came despite tough market conditions and cost-conscious consumer behaviour.
In a statement this August, Majid Al Futtaim said earnings before interest, tax, depreciation, and amortisation (Ebitda) increased by 1% to reach $571.7m (AED2.1bn) in H1 2019.
Construction Week’s Top 100 GCC Real Estate Developers 2019 list is a compilation of the region’s most influential and successful property firms.
The list has been produced based on publicly available information, and is not a ranking.