DIFC and Jafza hit profit; close in on refinancing deals

Dubai's DIFC Investments and Jebel Ali Free Zone Authority (Jafza) are closing in on bank deals to refinance upcoming sukuk maturities, having both reported a return to profit in 2011.

  • 02 May 2012
The two outstanding sukuk together are worth $3.25bn and are among the biggest hurdles this year to Dubai's continuing recovery from the financial crisis. In the wake of the emirate's spectacular $1.25bn return to the sukuk market last week, success in refinancing these two government-related companies would be ...

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