Transfer of Majid Al Futtaim Finance’s consumer credit card portfolio
to Commercial Bank of Dubai

Majid Al Futtaim Finance LLC (“MAFF”, “Najm”) has entered into an agreement with Commercial Bank of Dubai (CBD) for the sale of its consumer credit card business. The transaction will mean Najm cardholders receive a product from CBD at least equal or better in terms customer benefits, interest rate and fees to that held by the customer today.

The transfer is expected to take place on or after April 30, 2021.

If you have a Credit Card with Najm, please refer to the FAQs for information on the transition to CBD. More details will be communicated closer to the transfer date.

All other businesses of Majid Al Futtaim Finance, including its prepaid cards business, are not subject to this transaction and will be retained and operated by Majid Al Futtaim.