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Islamic Finance Briefing - Categorized | Bonds (Sukuk), New Launches more

Majid Al-Futtaim to issue Sukuk soon

Posted on 25 October 2011

Dubai’s Majid Al-Futtaim may issue a planned sukuk program 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.

The mall developer, which is the sole franchisee for hypermarket chain Carrefour in the Gulf, was forced to shut down its malls and hypermarkets in Egypt due to riots following an uprising against former President Hosni Mubarak. The company is now racing ahead with plans to grow in Egypt as it seeks financing for a new mall………………………………………Full Article: Source

 
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