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Majid Al Futtaim delays hybrid bond saleDubai mall developer Majid Al Futtaim (MAF), has delayed plans to raise at least $500 million from a hybrid bond sale to fund its recent buyout of Carrefour's stake in a joint venture. &nb More… |
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Dubai retailer MAF mulls $1bn investmentsUAE's Majid Al Futtaim Holding (MAF) - sole franchise of hypermarket chain Carrefour in the Gulf - said it foresaw capital investments of up to $1 billion this year as it steadily expanded its foothold in the region. This did More… |
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Majid Al Futtaim to buy Carrefour's 25pc stakeCarrefour, Europe's largest retailer, agreed to sell its remaining 25-percent stake in a Middle East joint venture to local partner Majid Al Futtaim (MAF) for 530 million euros ($682.45 millio More… |
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MAF joins Dubai neonatal hospital projectThe Dubai Health Authority (DHA) has signed an agreement with Majid Al Futtaim Charity Foundation to expand the neonatal facilities within DHA hospitals. The MoU is part of the foundation's corporate social responsibility init More… |
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MAF malls to offer big prizes during DSFMajid Al Futtaim Properties’ malls in Dubai are offering top shopping deals and giving away a combined Dh1.3 million ($354,000) in gift card prizes every day during the Dubai Shopping Festival (DSF). DSF is opening tomorrow More… |
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Mall operator MAF posts 17pc rise in profitsMall operator Majid Al Futtaim (MAF) reported a 17-percent rise in half-year operating profit on Monday as tenant revenues in Bahrain and Egypt, dampened by Arab Spring unrest, rose, boosting the Dubai-based firm's income. More… |
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Arab Spring boosts Dubai retail salesSpending at Dubai malls owned by Majid Al Futtaim (MAF) is up 10 percent as the Arab Spring and economic woes in Europe draw immigrants and tourists to the emirate. "The Arab Spring has bee More… |
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MAF picks banks for possible bondUAE mall developer Majid Al Futtaim Holding (MAF) has picked banks to arrange investor meetings ahead of a potential second bond issue this year, lead managers said on Monday. MAF, the sole franchisee of French hypermarket chain Carrefour More… |
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MAF inks terms for $500m Egypt mall loanMajid Al Futtaim Holding (MAF) has agreed terms for a new $500 million loan to fund a shopping centre in Egypt where the mall developer had to take writedowns after Arab Spring protests, its chief executive said on Monday. MAF, the sole fr More… |
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Majid Al Futtaim picks banks for $1bn sukukMajid Al Futtaim (MAF) Holding, the sole franchisee for hypermarket chain Carrefour in the Gulf, has picked four banks to set up a $1 billion Islamic bond programme, a prospectus issued by the Dubai-based mall developer showed. Local More… |
