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Majid Al Futtaim eyes $500 mln Egypt loan: sources

By David French and Michelle Meineke / Reuters DUBAI/LONDON: Dubai-based developer Majid Al Futtaim (MAF) has picked two Egyptian banks to arrange a loan worth around $500 million, to fund construction of its Mall of Egypt project, three sources with knowledge of the move told Reuters. The developer, the sole franchise of Carrefour in the Gulf, …


UAE’s Al Futtaim eyes $1.3 bln for Qatar, Egypt plans

DUBAI: Al Futtaim Group, a UAE-based conglomerate, is planning to raise around $1.3 billion to finance its expansion in Qatar and Egypt, an executive at the company said. The company was close to completing a $1 billion facility and a separate 2 billion Egyptian pounds loan, John Wartig, group director of finance at Al Futtaim …


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