The sukuk programme was established on 25 August 2011, with the first tranche of Dhs3.8bn launched at the time.
Today's issuance of Dhs121m brings the total amount issued to Dhs4.148bn, and further underpins Nakheel's commitment towards successfully implementing its revised business plan and the settlement of trade creditor claims.
In addition to the issuance of the sukuk and payment of all profits due on the sukuk to date, Nakheel has made payments totalling around Dhs10bn to various trade creditors and contractors since November 2009, when its restructuring process commenced.
Browse
related articles
Nakheel issues Dhs121m in third tranche of trade creditor sukuk
- United Arab Emirates: Tuesday, January 08 - 2013 at 09:28
- PRESS RELEASE
Related content
Nakheel completed another milestone by issuing the third tranche of its trade creditor sukuk.
Article Options
Log in to request more information from Nakheel Properties
Posted by Nadeen El AjouTuesday, January 08 - 2013 at 09:28 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.
Disclaimer »
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of Mediaquest FZ LLC. Mediaquest FZ LLC is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
