Only six from Islamic countries among world’s top 250 largest retailers, led by UAE’s Majid Al Futtaim
Only six companies based in Islamic countries are on the list of the world’s 250 largest retailers by revenue.
UAE’s Majid Al Futtaim and Emke Group/Lulu Group International, Turkey’s BIM Birlesik Magazalar and A101 Yeni Magazacilik, as well as Indonesia’s Indomarco Prismatama and Sumber Alfaria Trijaya Tbk, are on Deloitte’s annual list as published in the Global Powers of Retailing 2020 edition released on Monday (Feb 10).
Majid Al Futtaim was the largest of the Islamic countries-based retailers, ranking 138th according to publicly available data of revenue for the year ending June 30, 2019. The UAE company’s FY2018 retail revenue was $7.62 billion and it operates in 14 countries, according to the report.
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