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Monday, November 23 - 2009

Joint venture between Majid Al Futtaim Group, ORIX Corporation and JCB International

  • United Arab Emirates: Thursday, October 16 - 2008 at 09:31
  • PRESS RELEASE

The creation of UAE-based Majid Al Futtaim JCB Finance, a joint venture between Majid Al Futtaim Group, the Middle East's leading retail, leisure and entertainment company; ORIX Corporation, a leading integrated financial services group based in Japan; and JCB International, (Japan's only international credit card brand and a major credit card issuer), was announced along with the company's first product, the Najm JCB shopper's card.

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  • (from left to right): Mr Tamio Takakura - President and CEO of JCB, Mr Ahmed Bin Brek - Chairman of Majid Al Futtaim JCB Finance, Mr Yukio Yanase - Representative Executive Officer, President and Chief Operating Officer of ORIX, and Mr Rasool Hujair - CEO of Majid Al Futtaim JCB Finance at launch of Najm JCB shopper's card.
    (from left to right): Mr Tamio Takakura - President and CEO of JCB, Mr Ahmed Bin Brek - Chairman of Majid Al Futtaim JCB Finance, Mr Yukio Yanase - Representative Executive Officer, President and Chief Operating Officer of ORIX, and Mr Rasool Hujair - CEO of Majid Al Futtaim JCB Finance at launch of Najm JCB shopper's card.
According to Ahmed Bin Brek, Chairman of Majid Al Futtaim JCB Finance said, "The coming together of these three great companies will enable us to deliver a new approach to personal finance in the region. Our first product - the Najm JCB shopper's card -- will give customers a new way to pay for goods and services and provide them with the best value for money. "

On the launch of their first product, the new company's CEO, Rasool Hujair added:
"From the Mall of the Emirates and across the region, people have been able to benefit from the value and choice that Majid Al Futtaim has brought them. The introduction today of the Najm JCB card gives our customers one more way to get the best value and most choice from their shopping experiences."


Majid Al Futtaim JCB Finance brings together a strong and experienced global team, lead by Majid Al Futtaim JCB Finance CEO Rasool Hujair, and many other leading finance and card experts from the region and Japan.
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About JCB:
Since its establishment in 1961, JCB has led the Japanese card industry offering creative new products and services as the pioneer in credit card payment solutions. JCB has now established a solid foundation as a global payment brand with more than 57 million card members worldwide. JCB cards are accepted at more than 13 million associated merchants in 190 countries/territories and supported by close ties with more than 350 financial institutions around the world.

About ORIX Corporation:
ORIX, based in Tokyo, is Japan's largest diversified financial services conglomerate with subsidiaries and associates in more than 24 countries. ORIX is a global company offering financial services in North America, Asia, the Middle East and North Africa.

About Majid Al Futtaim:
Established in 1992, Majid Al Futtaim Group has successfully brought the concept of regional shopping malls and hypermarkets to the region. The vision of the Founder and President, Mr Majid Al Futtaim, has changed the face of shopping, entertainment and leisure in the Middle East and North Africa.

for more details please contact:
Ross Bethell
+971 50 259 7931

Rhiannon Evans
+971 50 156 5691

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