Full-year profit at Jebel Ali Free Zone (JAFZA), a unit of state-owned conglomerate Dubai World more than halved, and the firm said it was eyeing options to refinance an Islamic bond due in 2012.
In a statement accompanying its financial results, JAFZA's chairman said the company was considering refinancing options for its 7.5 billion dirham ($2.04 billion) Islamic bond, or sukuk, its only outstanding debt.
"The establishment commenced work on the liability management and is currently exploring various refinancing options," Chairman Hisham Abdullah Al Shirawi said in a statement, referring to the sukuk.
No comments:
Post a Comment