Gulf shopping mall owner Majid Al Futtaim has established a $2 billion global bond program, the first by a UAE private sector group since the global financial crisis.
Government-owned Dubai airline Emirates issued a $1 billion bond earlier this month, and 32 per cent government owned Emaar has raised $500 million. However, MAF Holding is one hundred per cent owned by its reclusive founder who never gives interviews.
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