Jebel Ali Free Zone FZE, a business park operator in Dubai, will seek approval from holders of its 7.5 billion-dirham ($2 billion) Islamic bonds to redeem the trust certificates ahead of their maturity in November.
Jebel Ali “is in advanced discussions with a group of financial institutions in relation to a financing package,” the company said in a statement to Nasdaq Dubai. “The use of proceeds will be solely for the redemption of the certificates ahead of the scheduled redemption date.”……………………………………….Full Article: Source