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Majid Al Futtaim to invest USD 3.4 bn in Egypt over five years, marking its first move into housing and hotels
The Emirati group enters residential and hotel development for the first time in Egypt, anchoring Mada City and expanding West…
MAF posts record EBITDA, with decline in retail revenue on the back of the conflict, eyes Syria for expansion
The firm’s revenue rose 1.4% to AED 17.5 bn as development and malls offset a 6% drop in retail
MAF, Midar ink USD 3.1 bn+ Mada City partnership
The revenue-sharing project could lift its total development value beyond USD 4 bn once a planned shopping and entertainment destination…
Luxury boom cools
Footfall and sales fall across Dubai and Abu Dhabi
MAF reports strong 2025 earnings
Earnings rose 41% in 2025, with property and digital businesses doing much of the heavy lifting
MAF issues USD 500 mn hybrid bond, denies stake sale rumors
Pricing was tightened to 5.75% from initial guidance in the 6.375% area
THIS MORNING: Potential MAF stake sale on the cards? + DP World kicks off Syrian port operations as Dana Gas eyes gas field expansion in Syria
Plus: IEA now sees global oil and gas demand potentially rising until 2050
Majid Al Futtaim Properties prices sukuk
The issuance was priced at 95 bps over UST, from an IPT of 125 bps
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