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Majid Al Futtaim-owned supermarket chain Carrefour is setting up shop in 14 Omar Effendi’s branches after MAF signed a cooperation protocol with the state-owned retailer.
The agreement is part of Omar Effendi’s strategy to develop and upgrade its business by adding new products, introducing electronic payments, and automating their system.
Omar Effendi has been tangled in disputes since 2011, when the Administrative Court issued a ruling scrapping several privatization agreements, including the sale of a 90% stake in Omar Effendi to Saudi’s Anwal United Trading Company.
