MAF plans meetings in Asia and Europe

DUBAI - Majid Al Futtaim Holding, or MAF, the sole franchise of hypermarket chain Carrefour in the Gulf, has hired banks to arrange global investor meetings in the next two weeks, leads said.

By (Reuters)

Published: Sat 18 Jun 2011, 11:14 PM

Last updated: Tue 7 Apr 2015, 4:50 AM

The developer and operator of shopping malls has set up a $2 billion global bond programme, paving the way for a potential debt issue. The investor roadshow will be held in Abu Dhabi and Dubai, and in Singapore, Hong Kong, Zurich and London from June 20 to June 28, the arranging banks said in a document seen by Reuters. Barclays, Credit Agricole, HSBC and Standard Chartered will arrange the fixed income meetings. A likely bond sale from the company will be the first from a privately-owned firm in the UAE since the fallout of the financial crisis.

More news from Business
In-store shopping regains trust


In-store shopping regains trust

What is happening now is that as Covid-19 cases continue to decline, residents are regaining confidence in in-store shopping. This is according to a Kearney study in which UAE respondents cite convenience (51 per cent), enhanced shopping experience (49 per cent) and competitive pricing (44 per cent) as the main motivators driving them back to brick and mortar stores

Business3 days ago