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FINANCIAL NEWS
Majid Al Futtaim raises USD500m replacing revolving loans
04 Sep 2013
(MENAFN) Dubai’s operator of Carrefour stores in the Middle East Majid Al Futtaim (MAF) planned to save USD500 million to replace revolving loans, according to Gulf Daily News.
The mall operator will replace revolving loans, which stand at USD1 billion, by using a USD1.5 billion facility that was a part of the hybrid bond taken from a corporate lender.
The company’s revolving loans will expire in 2014 while the term loan will expire in 2016.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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