"Al Futtaim Group" current industry situation Essay

Al Futtaim Group current industry situation - strive ExampleIt grew by ten percent to reach three billion and six hundred billion. Majid Al Futtaim issued its first ten year fifty cardinal dollar bond in May 2014. This extended the life average life of the portfolio of the company. The bond was the first issuance since 2010 and also the longest tenure achieved in Dubai by a corporate issuer. The company optimized its debt portfolio since it had strong liquidity and a solid financial performance in the banking market. They also received the most groundbreaking treasury award from Global Capital (Browne, 1999. Pp52).In January 2015, Majid Al Futtaim which is the leading shopping mall, retail and leisure pioneer across North Africa and the Middle eastward reported a steady growth as it prepared for a further regional expansion. The company continues to develop a strong balance tag with assets valued at more than forty five billion AED and net debt of around eight billion AED. The s tandard and poors and Fitch valuation reaffirms the companys investment-grade ratings of BBB which is a stable outlook during the year. The company has a vision of future expansion across North Africa and the Middle East and to set out innovative new experiences to new populations strongly focusing on Egypt and Saudi Arabia (Shaw-Smith, 2015.