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05 March 2024

MAF Group eyes 5-year sukuk

By Reuters

Dubai's Majid Al Futtaim plans to issue a five-year dollar-denominated Islamic bond, or sukuk, with early profit rate indications at no more than six per cent, a source with knowledge of the deal said on Sunday.

MAF is holding investor meetings in the UAE on Sunday, followed by London and Kuala Lumpur on Monday.