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Dubai’s Jafza gets approvak to repay $2bn sukuk early

Dubai's Jebel Ali Free Zone (Jafza) has said a majority of sukuk holders have approved early redemption of a $2bn-equivalent Islamic bond, Reuters has reported. The state-linked industrial free zone, part of a unit owned by Dubai World, said a majority representing 89% of certificate holders had given their consent in a meeting on May 24 in London. The 3.01%, Dhs7.5bn sukuk was originally due in November.