Jafza syndicated loan to kick off three-part financing plan

Dubai government-owned Jebel Ali Free Zone (Jafza) is pushing ahead with plans for a syndicated loan, thought to be for around Dh3.3bn ($900m). This represents the first component of a three-part financing plan that Jafza submitted to creditors last week as it looks for a way to repay a Dh7.5bn sukuk maturity in November.