Hampered by geopolitical tensions, Majid Al Futtaim ends 2023 almost at a standstill

Affected by the Israeli-Palestinian conflict and the devaluation of the Egyptian currency, Majid Al Futtaim unveiled mixed financial results for 2023. 

Through Sophie Baqué, Morgane Monteiro. Published on 02 April 2024 à 10h38 - Update on 02 April 2024 à 16h07

On March 14, 2023, Majid Al Futtaim, owner of 29 malls in the Middle East and Carrefour‘s exclusive franchisor within the region, announced sales growth of 1.1% in 2023 (compared with 12% in 2022) to US$9.4 billion.…