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Dubai’s MAF eyes Sukuk; expansion into Iraq, Lebanon - exec

Posted on 11 October 2011

Dubai’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 said.
MAF completed roadshows for an offering from its $2 billion medium term notes programme in June but chose not to issue a bond because of unfavourable market conditions……………………………………….Full Article: Source

 
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