MANAMA: Dubai-based Majid Al Futtaim, the Middle East operator of French retail major Carrefour, has acquired Retail Arabia, the franchise owner of 26 Geant stores across the UAE, Bahrain and Kuwait as well as four Gulfmart supermarkets in Bahrain.
The deal, whose value was not disclosed, has been agreed between Majid Al Futtaim and Retail Arabia’s parent company BMA International, which is also based in Dubai .