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UAE’s Majid Al Futtaim plans global investor meetings

UAE's Majid Al Futtaim Holding (MAF), the sole franchise of hypermarket chain Carrefour in the Gulf region, has mandated banks to arrange global investor meetings in the next two weeks after setting up a $2bn global bond programme, Reuters has reported. The company plans to open 11 more Carrefour Hypermarkets in 2011, of which one opened in April in Saudi Arabia, along with others in the UAE, Iran, Oman, Egypt, Iraq and Pakistan later this year.