Majid Al Futtaim

عيد مبارك. نتمنى لكم لحظات من الراحة والقرب مع من تحبون، وأن يكون عيدكم آمناً ومليئاً بالسكينة. وفي دولة الإمارات، نتطلع إلى استقبال زوارنا لأداء صلاة العيد في سيتي سنتر الزاهية، وسيتي سنتر مردف، ومول الإمارات. Eid Mubarak. May this season bring moments of comfort and closeness with those who matter most. Wishing you and your families a safe and peaceful Eid. In the UAE, we look forward to welcoming our communities for Eid prayers at City Centre Al Zahia, City Centre Mirdif, and Mall of the Emirates.

Majid Al Futtaim delivered its strongest financial performance in our history in 2025, with revenue up 6% to AED 35.9 billion and EBITDA rising 10% to AED 5.1 billion, surpassing the AED 5 billion milestone for the first time. Net profit increased 41% to AED 3.6 billion, while net profit excluding valuation gains grew 48% to AED 2.3 billion. Backed by disciplined capital allocation, strong cash generation and prudent balance‑sheet management, we generated AED 3.5 billion in free cash flow, a 25% increase, reduced net debt by 15% to AED 11.9 billion, and strengthened our net‑debt‑to‑equity position to 32%, the lowest in a decade. These record results reflect not only the momentum we’ve built across the business, but the passion and commitment of our incredible MAFers whose dedication drives our performance today and strengthens our foundations for the years ahead. Read the full results: https://maf.am/4uxvFv2

Khalifa Bin Braik, CEO, Majid Al Futtaim Asset Management, joined Virgin Radio to share how our malls are supporting the everyday rhythms of life during a challenging period for the region. Our teams continue to work closely with local authorities to ensure our malls remain safe, welcoming places people can visit with confidence. That confidence is evident in the 6.5 million visitors we have welcomed since the start of Ramadan and a return to familiar seasonal footfall patterns. For more than 30 years, Majid Al Futtaim’s destinations have anchored the cities they serve. Designed to adapt and evolve alongside those who visit them, they offer spaces where people come together to share traditions and continue the routines that bring comfort and connection. That resilience, built over decades, allows us to continue serving our communities when it matters most.

This week at Mall of the Emirates, colleagues came together for iftar with the many people whose work helps keep the mall running every day. Hundreds gathered to break bread, share a meal, and spend time together beyond the pace of the day. It was a meaningful moment to appreciate and thank the community that supports our spaces daily, and to recognise the important role they play in ensuring the mall remains welcoming for everyone who walks through its doors.

As the region navigates a challenging moment, Majid Al Futtaim is staying focused on what matters most: keeping life moving for the communities we serve. On Dubai Eye 103.8's Business Breakfast, Ahmed Galal Ismail shared how our frontline teams and delivery drivers are ensuring essential services remain steady and customers supported. Our people are working tirelessly to keep the products, services and spaces customers rely on available. At the same time, our malls are seeing a return to normal Ramadan footfall, with families and friends finding moments of reprieve and connection as they break their fast and gather together. This moment continues to show the resilience of the UAE and the strength of its people. We are proud to play our part, keeping our spaces welcoming and dependable every day.

In the spirit of Ramadan, colleagues across our Dubai offices came together for “We’ve Got Your Back”, assembling care packages for the service teams who keep our daily operations running seamlessly. Over four days, teams worked side by side to prepare 7,000 hampers, recognising those whose contributions often go unseen yet remain essential to everything we do at Majid Al Futtaim.

Majid Al Futtaim has become the first in the region to achieve globally recognised sustainability certifications across its portfolio of fully owned shopping malls. Achieving certification across all 23 of our owned malls reflects a deliberate, long term commitment to applying international green building standards to the way our destinations are designed and operated. Over more than a decade, sustainability has evolved from an ambition to embedded discipline, shaping how our malls perform and establishing a clear benchmark for how large scale retail destinations in the region are run responsibly. As our portfolio continues to evolve, the focus remains on creating destinations that are resilient, relevant and built to serve both communities and cities, while continuing to create great moments for everyone, everyday.

On the occasion of Kuwait National Day, we celebrate a relationship built on mutual respect and a common vision for excellence. Majid Al Futtaim is honoured to be part of Kuwait’s journey and we look forward to a future of shared success and innovation.

Ramadan Kareem from all of us at Majid Al Futtaim. May this month be filled with togetherness, gratitude, and moments that truly matter.

Over two decades with Majid Al Futtaim, Hussain has watched Mall of the Emirates grow from open land into a destination that redefined retail in the region. In many ways, he grew with it. Today, he leads the beloved landmark he first knew in its earliest days. He still arrives early, walking the floors before doors open, greeting teams and preparing to welcome guests, because for him, excellence is built in the details. Time has changed the skyline around it, but not the way he feels about it. Even now, he carries the same quiet pride and belief he held from the beginning, still curious, still committed, and still inspired by what it can become next.