CARREFOUR MAF

ABOUT "CARREFOUR MAF"

Over the past 17 years, Carrefour MAF, one of three businesses operating under MAF Holding LLC1 , continues to grow as the leading retail provider in the Middle East, and North Africa (MENA)2.

Established in 1995 and holding 75% interest and operating the Carrefour franchise across MENA, Carrefour MAF is a joint venture company between MAF (Majid Al Futtaim Retail) and CRF France. With the expansion of 7 new hypermarkets, and 12 supermarkets, across the MENA region, Carrefour MAF currently operates 43 hypermarkets, 35 supermarkets, with hopes of opening 15 hypermarkets and between 25 to 30 new supermarkets in 2012. 3


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In 2011, Carrefour MAF hosted 130million customers and reported revenues of 15.2 billion AED ($4.13806 billion USD), and 20% increase of 927 million AED ($252.374 million USD) EBITDA over the previous year, which contributed 34% of the group's EBITDA4.



1 www.majidalfuttaim.com, 2 Excluding Carrefour MAF Pakistan, 3 www.bna.bh/portal/en/news/490495, 4 Bahrain News Agency, www.bna.bh


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