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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… |
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Majid Al Futtaim in Egypt push; to issue sukuk soonDubai's Majid Al Futtaim may issue a planned sukuk programme as early as next month and is pushing ahead with growth plans in Egypt despite operations being severely hit by months of unrest, its chief executive said on Monday. More… |
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MAF eyes sukuk; expansion into Iraq, LebanonDubai's Majid Al Futtaim Holding, sole franchisee of hypermarket chain Carrefour in the Gulf, is to set up a sukuk programme as market volatility continues to thwart its plans for a conventional issue, an executive told reporters today. More… |
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Al Futtaim to open Carrefour branch in IraqThe UAE company with the licence to operate the Carrefour SA franchise in the Middle East is looking to open its first store in Iraq as part of a wider expansion plan in the region. Majid Al Futtaim (MAF) Retail manages a joint venture in More… |
