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Consumer spending has remained strong throughout the pandemic period despite volatile global macro-economic environment and similar trend is expected to continue this year
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Majid Al Futtaim announces appointment of new CEO
Ahmed Galal Ismail will assume the position from Alain Bejjani, who served in the role for eight years
Ahmed Galal Ismail has been appointed chief executive officer of Majid Al Futtaim Holding, the conglomerate has announced.
He assumes the position from Alain Bejjani, who served in the role for eight years.
As chief executive officer of Majid Al Futtaim – Properties, Ismail has been responsible for Majid Al Futtaim’s malls, hotels, communities and project management operations since 2018. He previously served as CEO of Majid Al Futtaim - Ventures and VP Strategy of Majid Al Futtaim - Holding.
Following his appointment, Ismail said: “I am committed to building on our strong, customer-focused strategy that has allowed us to deliver sustained growth. Our prudent financial discipline and strong governance mean that we are well-positioned to remain focused on sustainable value creation and creating great moments for everyone, everyday.”
Following a steady economic recovery in the retail and leisure sectors, Majid Al Futtaim reported revenue of Dh18 billion for H1 2022, an increase of 15 per cent compared to H1 2021.
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