DUBAI, May 23 (Reuters) - Dubai's Majid Al Futtaim (MAF), which is buying Carrefour's CARR.PA stake in a regional joint venture, has picked five banks to arrange the sale of a dollar-denominated hybrid bond, a document from lead arrangers showed.

The sale of perpetual hybrid bond - which combines elements of both debt and equity - is to fund MAF's $683 million acquisition of Carrefour's 25-percent stake in a joint venture in the Middle East, sources told Reuters on Wednesday.

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Family-owned MAF has picked Goldman Sachs GS.N and HSBC Holdings HSBA.L as "joint structuring advisors" on the planned sale, together with BofA Merrill Lynch BAC.N , J.P. Morgan

JPM.N and Standard Chartered Bank STAN.L as joint bookrunners.

Investor meetings for the planned sale begin on May 26 and is scheduled to take place in the UAE, Asia and Europe.

MAF is the only investment-grade private corporation in the Gulf to have previously issued bonds.

(Reporting by Mala Pancholia; Writing by Dinesh Nair)

((dinesh.nair@thomsonreuters.com; + 971 4 366 4265; Reuters Messaging: dinesh.nair.reuters.com@reuters.net))

Keywords: EMIRATES MAF/BOND