Dubai's MAF picks 4 banks for $1bln sukuk programme
1/9/2012 10:50:26 AM
DUBAI: Majid 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 lenders Dubai Islamic Bank and Abu Dhabi Islamic Bank join HSBC and Standard Chartered on the programme, according to the prospectus dated January 6.
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