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Islamic Finance Briefing - Categorized | Bonds (Sukuk), New Launches more

Jebel Ali Free Zone proposes plan to repay Sukuk

Posted on 22 March 2012

Jebel Ali Free Zone FZE, a business park operator in Dubai, put forward a fundraising plan to help repay a 7.5 billion-dirham ($2 billion) Islamic bond maturing in November, MEED reported, citing people it didn’t identify.
The state-controlled company proposed reducing debt by 700 million dirhams, raising a loan of about 4 billion dirhams and selling an Islamic bond or sukuk of about 2.4 billion dirhams, MEED reported on its website………………………………………..Full Article: Source

 
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