Majid Al Futtaim Sets Up $1 Billion Islamic Bond Program
Majid Al Futtaim Holding LLC initiated a $1 billion Islamic bond program to boost cash reserves.
It appears that HSBC Holdings Plc, Standard Chartered Plc, Abu Dhabi Islamic Bank PJSC and Dubai Islamic Bank PJSC were hired as arrangers of the program.
The company wants to raise about $500 million from the sale of five-year Islamic bonds.
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