Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Jebel Ali Free Zone Proposes Plan to Repay Sukuk, MEED Reports

Don't Miss Out —
Follow us on:

March 21 (Bloomberg) -- 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. The new financing is likely to be in place by July, with involvement by Citigroup Inc., Standard Chartered Plc and Dubai Islamic Bank PJSC, MEED said. Jebel Ali will raise the loan first, it said.

To contact the reporter on this story: Arif Sharif in Dubai at

To contact the editor responsible for this story: Claudia Maedler at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.