Majid al-Futtaim Holding names bookrunners for 10-year dollar sukuk

By Christine Van Dusen

Atlanta, Oct. 26 – Dubai’s Majid al-Futtaim Holding LLC has mandated Abu Dhabi Islamic Bank, Dubai Islamic Bank, HSBC, National Bank of Abu Dhabi and Standard Chartered as bookrunners for a dollar-denominated issue of Islamic bonds due in 10 years, a market source said.

The notes will be benchmark-sized and issued through MAF Sukuk Ltd.

Proceeds will be used for general corporate purposes.

The company is a Dubai-based conglomerate.

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