Majid Al Futtaim Holding, UAE Dubaibased Carrefour franchisee/Mall of the Emirates owner (Majid Al Futtaim family controlled private), has faced sustained UAE Securities and Commodities Authority enforcement scrutiny over alleged inadequate disclosure of MENA Carrefour franchise customer compliance practices, plus the historic 2022 USD 1+ billion MAF financial distress affecting UAE institutional creditor governance complexity.