Majid Al Futtaim Holding, a Dubai-based conglomerate, which holds the franchise for French supermarket chain Carrefour in the GCC, as well as having interests in real estate development, facilities management, leasing and leisure & entertainment, is to launch a Sukuk program.
The move, according to Daniele Vecchi, senior VP for MAF who was talking to local news sources at an event in Abu Dhabi, has been prompted as the firm finds it difficult to raise finance through the conventional route as market volatility and uncertainty abounds……………………………………….Full Article: Source