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Dubai’s JAFZA wins USD1.2bln Islamic loan

Posted on 18 June 2012

Dubai’s Jebel Ali Free Zone (JAFZA) won a USD1.2 billion sharia-compliant loan from eight banks, to help refinance a debt commitment, Reuters reported.
The company said in a prospectus that the Islamic financing loan, along combined with a USD650 million sukuk completed lately, will be used to repay a USD2bn-equivalent Islamic bond due later this year. The facility is due to mature in 2020, the prospectus said………………………………………..Full Article: Source

 
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