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Dubai’s JAEZA Gets Consent To Repay $2bn Sukuk Early
Published on Tuesday, 29 May 12:12 pm
Dubai Jebel Ali Free Zone (JAEZA) said on Sunday it had received the consent from their majority Sukuk holders for early redemption of a $2bn equivalent of Islamic bond. The state-owned industrial free-zone, part of a unit owned by Dubai World, said a majority representing 89% of certificate holders had voted in favor of the Extraordinary Resolution in a meeting on 24 May in London.
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