17 May 2016
First Carrefour Hypermarket store opens at the Hub Shopping Mall, Karen

Store opening represents Majid Al Futtaim's first operation in Kenya and Sub-Saharan Africa

Nairobi, Kenya - Majid Al Futtaim, the leading shopping mall, retail and leisure pioneer across Middle East and North Africa, today announced the opening of has its first Carrefour hypermarket in Nairobi, Kenya. The French retail franchisees' entry into the Kenyan market marks a significant milestone in the Company's massive expansion plans into the African continent.

The new hypermarket is located in the newly opened Hub Shopping Mall in the Karen suburb and offers more than 30,000 items, including fresh produce and groceries, a fresh bakery, home appliances, electronics and general merchandise.

The hypermarket sits on 5000 square metres of shopping space and will offer its customers more than just shopping. Carrefour, which is the world's second largest retailer, promises great value packs and a combination of discount offers. This means that customers can purchase quality products at even lower costs, meeting their essential needs at unbeatable prices. This coupled with an excellent shopping experience.

Franck Moreau, Country Manager, at Majid Al Futtaim - Retail Kenya said "At Carrefour, we are committed to offering the best price and best merchandise in a pleasant shopping environment because we are in the business of creating great moments for everyone everyday. We want to meet the needs of our customers who are in pursuit of a shopping experience that will leave them happy and coming back for more. We are also pleased to see the benefits of Carrefour's presence in Kenya through job creation and support for local producers. We have so far recruited just over 200 staff members at the Hub hypermarket and by the end of 2016 Carrefour Kenya will have a solid staff base of 500."

The hypermarket is already working with more than 480 suppliers, local manufacturers, producers, and farmers across Kenya. Majid Al Futtaim prides itself in upholding the highest international standards and best practices. This includes ensuring positive supplier relations through on-going training and engagement and enhancing supplier efficiency. Carrefour Kenya has also introduced customer service standards, a more sophisticated shopping experience, and best practice in in-store hygiene processes.

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Disclaimer: All facts and figures in this release are accurate at the time of issuance.

About Majid Al Futtaim
Founded in 1992, Majid Al Futtaim is the leading shopping mall, retail and leisure pioneer across the Middle East and North Africa (MENA).

A remarkable business success story, Majid Al Futtaim started from one man's vision to transform the face of shopping, entertainment and leisure to 'create great moments for everyone, every day'. It has since grown into one of the United Arab Emirates' most respected and successful businesses spanning 15 international markets, employing more than 33,000 people, and achieving the highest credit rating (BBB) among privately-held corporates in the Middle East.

Majid Al Futtaim owns and operates 19 shopping malls, 12 hotels and three mixed-use communities, with further developments underway in the region. The shopping malls portfolio includes Mall of the Emirates, City Centre malls, and also four community malls which are in joint venture with the Government of Sharjah. The Company holds exclusive rights to the Carrefour franchise in 38 markets across Middle East, Africa and Central Asia, and with the Hyperstar brand in Pakistan, operates a portfolio of more than 160 outlets in 14 countries.

Majid Al Futtaim operates 183 VOX Cinema screens and 24 Magic Planet family entertainment centres across the region, in addition to iconic leisure and entertainment facilities such as Ski Dubai and iFly Dubai, among others. The Company is parent to the consumer finance company issuing 'Najm' and "Voyager" credit cards, a fashion retail business representing international brands such as Abercrombie & Fitch, AllSaints and lululemon athletica, and a healthcare business that operates a network of City Centre Clinics. In addition, Majid Al Futtaim operates Enova, a facility management company, through a joint venture operation with Veolia, a global leader in optimised environment resource management. The Company also owns the rights to The LEGO Store in the Middle East and operates in the food and beverage industry through a partnership with Gourmet Gulf.

www.majidalfuttaim.com

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Media Contact:
Sami Hallak
Four Communications
+971 +971 55 338 0914
carrefour@fourcommunications.com

© Press Release 2016